Referred to the House Committee on Ways and Means.
Taxation
Why This Matters
The Grave Injustice Parity Act lets people deduct donations to specific non-profit cemeteries from their taxes. This change helps families who want to support burial sites for their loved ones.
If you plan to donate to a cemetery, you could save money on your taxes.
Who this affects
Families making donations
What changes is this bill making?
1This bill allows tax deductions for gifts to certain cemeteries.
2It applies to transfers from estates and gifts made by individuals.
3Eligible cemeteries must be non-profit and benefit their members.
4The bill updates the tax code to include these deductions.
5It affects taxable years starting after the bill becomes law.
