The Chronicle of Philanthropy reports that ten senators, including Minnesota senators Norm Coleman and Amy Klobuchar, introduced legislation that will create charitable incentives for giving to support relief efforts of the recent disasters that have hit the Midwest:
The Midwestern Disaster Tax Relief Bill — an amendment to H.R. 3221, an unrelated bill designed to ease the housing crisis — would allow individuals and corporations to get unlimited charitable deductions for donations to relief efforts in the affected areas through the end of 2008. (The measure would not apply to contributions to donor-advised funds.)
The national Council on Foundations has further details of the pending legislation.
