• The "Charitable Contribution Tax Act of 1992" (Senate bill 2979), if enacted, would require charities to provide written acknowledgement to any donor of a contribution of $100 or more. The bill contains the following two provisions of interest to churches:
1. No deduction shall be allowed . . . for any contribution of $100 or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledgment of the contribution by the donee organization . . . .
An acknowledgment meets the requirements of this [bill] if it provides information sufficient to substantiate the amount of the deductible contribution. If the contribution was made by means of a payment part of which constituted consideration for goods or services provided by the donee organization, the acknowledgment must provide a good faith estimate of the value of such goods or services. . . . [A]n acknowledgment ...
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