Photo by U.S. Geological Survey
Earlier this month, ten senators introduced legislation that would have created charitable incentives for giving to support relief efforts of the recent disasters that have hit the Midwest (as an amendment to an unrelated bill designed to ease the housing crisis). The national Council on Foundations reported that the Senate passed the American Housing Rescue and Foreclosure Prevention Act of 2008 (H.R.3221) without that amendment.
The Chronicle of Philanthropy reports that a new bill, S. 3322, has been introduced by 11 senators, including Minnesota senators Norm Coleman and Amy Klobuchar:
The Midwestern Disaster Tax Relief Act of 2008 would allow individuals and corporations to get unlimited charitable deductions for donations to relief efforts in the affected areas through the end of 2008.
