Senators to Propose Tax Breaks for Donations to Haiti Relief Efforts

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Source: The Chronicle of Philanthropy

New York’s two senators announced today they plan to introduce legislation to suspend some limits on charitable tax deductions for gifts to help victims of Haiti’s earthquake.

Senators Kristin Gillibrand and Charles E. Schumer, both Democrats, said the bill would waive rules that limit individuals from writing off more than 50 percent — and corporations more than 10 percent — of their income for charitable contributions in a given tax year.

The measure, which would apply to donations made in 2010, would be similar to tax breaks that were adopted for Hurricane Katrina relief efforts.

more: http://philanthropy.com/news/government/10638/senators-to-propose-tax-breaks-for-donations-to-haiti-relief-efforts