Menendez Hails Passage Of Bipartisan Plan To Spur Haiti Donations, Provide Tax Relied To Families Who Contribute

Menendez Hails Passage Of Bipartisan Plan To Spur Haiti Donations, Provide Tax Relied To Families Who Contribute

New law will allow 2009 tax deductions for contributions made before March 1, 2010

Washington - U.S. Senator Robert Menendez, a member of the Finance Committee, today hailed the Senate passage of legislation that will facilitate donations to the Haitian earthquake emergency aid and rebuilding efforts. Menendez is an original co-sponsor of the bipartisan Senate version of H.R. 4462, which will allow U.S. taxpayers to make charitable contributions to Haiti relief programs before March 1, 2010, and claim those contributions on their 2009 income tax return.

"In the midst of unimaginable devastation on the island of Haiti, the outpouring of support for our hard hit neighbors is helping to save literally thousands of lives," said Menendez. "We understand that despite the overwhelming desire to help the people of Haiti recover, family budgets are tight and these are not the easiest of times for many to donate. This legislation will help ensure that those who do give money and goods will receive immediate tax relief. Hopefully, this will both relieve pressure on family budgets here in the United States and help our neighbors in Haiti put their lives back together."

The HAITI Act of 2010 is similar to 2005 legislation to encourage Indian Ocean tsunami relief donations and allows taxpayers to deduct cash donations made to Haiti relief efforts on their 2009 tax filings.

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