VETT Act
Also known as VSO Equal Tax Treatment Act
Where it stands
- Introduced3/7/23
- Passed HousePassed 9/17/24
- SenatePassed 12/4/24
- PresidentSigned 12/12/24
- LawPublic Law 118-146
Passed the House by voice vote on September 17, 2024. Passed the Senate by voice vote on December 4, 2024. Became Public Law 118-146 on December 12, 2024.
Passed by voice vote or unanimous consent — no individual positions were recorded.
VSO Equal Tax Treatment Act or the VETT Act
This act allows a tax-exempt veterans' organization to receive tax deductible charitable contributions for tax years beginning after 2024, provided that the organization is a federally chartered organization. Further, the act limits the deduction for such contributions to 60% of the donor’s adjusted gross income.
Generally, a veterans' organization may be exempt from federal income tax provided that, among other requirements, at least 75% of its members are past or present members of the Armed Forces. However, to be eligible to receive tax deductible charitable contributions, the Internal Revenue Service requires that at least 90% of a tax-exempt veteran organization’s members must be wartime veterans. Charitable contributions made to a veterans' organization that does not meet this 90% threshold may be subject to federal income tax.
This act allows a tax-exempt veterans' organization to receive tax deductible charitable contributions for tax years beginning after 2024, provided that the organization is a federally chartered organization.
The act also provides that, for tax years beginning after 2024, the deduction for charitable contributions made to a tax-exempt veterans' organization that is federally chartered is limited to 60% of the donor’s adjusted gross income, rather than the lower limits that apply to other types of charitable contributions.
What happens next
Became Public Law 118-146.
All actions (19)
- 3/7/23Introduced in House
- 3/7/23Referred to the House Committee on Ways and Means.
- 11/30/23Committee Consideration and Mark-up Session Held
- 11/30/23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 0.
- 1/18/24Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-351.
- 1/18/24Placed on the Union Calendar, Calendar No. 286.
- 9/17/24Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
- 9/17/24Considered under suspension of the rules. (consideration: CR H5272-5273)
- 9/17/24DEBATE - The House proceeded with forty minutes of debate on H.R. 1432.
- 9/17/24Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5272)
- 9/17/24On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5272)
- 9/17/24Motion to reconsider laid on the table Agreed to without objection.
- 9/18/24Received in the Senate, read twice.
- 12/4/24Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
- 12/4/24Passed Senate without amendment by Voice Vote. (consideration: CR S6823)
- 12/5/24Message on Senate action sent to the House.
- 12/10/24Presented to President.
- 12/12/24Signed by President.
- 12/12/24Became Public Law No: 118-146.