Emergency Relief Tax Check-Off for Our Armed Forces Act of 2007
Last action on Dec 6, 2007Referred to the House Committee on Ways and Means.
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Summary
Emergency Relief Tax Check-Off for Our Armed Forces Act of 2007 - Amends the Internal Revenue Code to allow a tax deduction (available to taxpayers who do not itemize their tax deductions) for charitable contributions of up to $1,000 ($2,000 in the case of a joint return) to the Armed Forces Relief Trust.
Allows taxpayers to designate on their tax returns a portion of any overpayment of tax as a contribution to the Trust or to make a cash contribution to the Trust with their tax returns.
Establishes an advisory board to advise the Trust on its operation and on the distribution of contributed funds.
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