Adjustment of Charitable Deduction for Certain Expenses Incurred in Support of Native Alaskan Subsistence Whaling
Section 70429 · Sec. 70429 ·
What this chapter is about
This part raises a charity deduction figure for whaling costs. It goes from $10,000 to $50,000. The change starts with tax years after December 31, 2025.
“Section 170(n)(1) of the Internal Revenue Code of 1986 is amended by striking "$10,000" and inserting "$50,000".”
The section strikes $10,000 and inserts $50,000 in section 170(n)(1) of the Internal Revenue Code of 1986. That provision is not indexed here, so what expenses the figure covers cannot be checked against anything on this site.
What the document actually says
“Section 170(n)(1) of the Internal Revenue Code of 1986 is amended by striking "$10,000" and inserting "$50,000".”
That sentence, in plain words
The figure $10,000 is taken out. The figure $50,000 is put in.
What this is about
The rule deals with costs of subsistence whaling. What it covers is not recorded here. The tax code is not indexed on this site.
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.
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70429 in the PDF
What the document says
“The amendments made by this section shall apply to taxable years beginning after December 31, 2025.”
The section applies its amendments to taxable years beginning after December 31, 2025.
What the document actually says
“The amendments made by this section shall apply to taxable years beginning after December 31, 2025.”
That sentence, in plain words
The changes start with tax years that begin after December 31, 2025.
What this is about
Earlier tax years are not touched. The old figure still holds for them. The date is fixed in the law.
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.
Both things the section does: raise the dollar figure, and fix the effective date.
Nothing in the section is left out. It has two subsections and each is recorded.
The section works by amending section 170(n)(1) of the Internal Revenue Code of 1986, which is not indexed here, so what expenses the deduction covers cannot be checked against anything on this site.
