Living Organ Donor Tax Credit Act
Living Organ Donor Tax Credit Act
Plain Language Summary
# Living Organ Donor Tax Credit Act - Summary **What the Bill Does** This bill would create a tax credit of up to $5,000 for people who donate organs or bone marrow while alive. The credit would help cover various costs associated with donation, including travel, lodging, medical expenses, legal fees, lost wages, and other donation-related costs. The credit is "refundable," meaning eligible donors could receive money back even if they owe no taxes. Importantly, expenses that are already covered by insurance or reimbursement from other sources wouldn't count toward the credit. **Who It Affects and Current Status** The bill would primarily benefit living organ and bone marrow donors, who currently bear many out-of-pocket expenses for the donation process.
The goal is to reduce financial barriers that might discourage people from becoming donors. The bill was introduced by Representative Joe Wilson (R-SC) and is currently in committee, meaning it hasn't yet been voted on by the full House of Representatives. It remains in the early stages of the legislative process.
CRS Official Summary
Living Organ Donor Tax Credit ActThis bill establishes a refundable tax credit of up to $5,000 for expenses related to the removal and donation of all or part of a kidney, liver, lung, pancreas, intestine, or bone marrow by a living individual for transplant into another individual. Expenses that may be included in the calculation of this tax credit include travel, lodging, medical expenses related to donation and follow-up care, paperwork and legal costs, lost wages, and any other costs paid by the taxpayer in connection with the transplant. Expenses related to the transplant that are reimbursed by any person or entity (public or private) may not be included in the calculation of the credit amount.
Latest Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.