Rep. Wenstrup's bill supporting veterans signed into law
Washington, D.C. – Rep. Brad Wenstrup (R-OH) released the following statement after his bill, the VSO Equal Tax Treatment (VETT) Act, was signed into law by President Joe Biden.
"I'm grateful to see this bipartisan law signed into law by the President. Veterans Service Organizations offer vital support and a sense of community to Americans who wore our nation's uniform and sacrificed so much for our country. This law makes needed reforms to the tax code that will help VSOs grow and maintain their memberships without having to risk losing their ability to receive tax-deductible charitable donations," said Rep. Wenstrup.
Background:
A provision in the Federal tax code currently prevents Veterans Service Organizations (VSOs) from accepting tax-deductible donations unless they maintain a membership of at least 90 percent wartime veterans.
Current rules exclude veterans who joined and served after the Vietnam War and prior to the Persian Gulf War in 1991 from being considered “wartime” veterans.
The VETT Act will permit all Congressionally-chartered VSOs to receive tax-deductible donations regardless of wartime membership.
Federal tax policy should encourage Americans to donate to these invaluable institutions that support our nation’s veterans.
* * *
••• Publisher's note: A free press is critical to having well-informed voters and citizens. While some news organizations opt for paid websites or costly paywalls, The Highland County Press has maintained a free newspaper and website for the last 25 years for our community. If you would like to contribute to this service, it would be greatly appreciated. Donations may be made to: The Highland County Press, P.O. Box 849, Hillsboro, Ohio 45133. Please include "for website" on the memo line.