The Grave Injustice Parity Act allows individuals to receive federal tax deductions when they donate money or property to nonprofit cemeteries through their estates or as gifts during their lifetime. Currently, the tax code does not recognize these cemetery donations as deductible charitable contributions, which puts cemeteries at a disadvantage compared to other nonprofits like schools and hospitals. The bill modifies the Internal Revenue Code to allow deductions for transfers to cemetery companies and burial corporations that are not operated for profit and are exclusively owned and operated for their members' benefit. The bill also allows private charitable foundations to distribute funds to qualifying cemeteries without tax penalties. These changes take effect for donations made after the bill is signed into law, potentially encouraging more financial support for cemetery maintenance and operations.
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