The credit is capped at $1,700 and cut by any state credit
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70411, Sec. 70411.
Written by .
The credit is capped at $1,700 and cut by any state credit
The document says “shall not”Who acts: Secretary of the TreasuryHow: statuteSec. 70411 in the PDF
What the document says
“The credit allowed under subsection (a) to any taxpayer for any taxable year shall not exceed $1,700.”
The section caps the credit at $1,700 for a taxpayer for a taxable year and reduces it by any credit allowed on the taxpayer's State tax return for qualified contributions made in the same year.
What the document actually says
“The credit allowed under subsection (a) to any taxpayer for any taxable year shall not exceed $1,700.”
That sentence, in plain words
The credit may not top $1,700 in a tax year. That holds for each taxpayer.
What this is about
A state credit for the same gift cuts it further. So the two do not stack. The cap does not grow with prices.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70411, 139 Stat. 215 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The credit is capped at $1,700 and cut by any state credit,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70411, Sec. 70411. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70411-cap/ (retrieved October 10, 2026).
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