'Afterschool Access through Charitable Contributions for Enrichment and Student Support Act; Afterschool ACCESS Act
Summary
H.R. 7093, the 'Afterschool Access through Charitable Contributions for Enrichment and Student Support Act' or the 'Afterschool ACCESS Act,' proposes an amendment to the Internal Revenue Code of 1986. The amendment introduces a charitable deduction for contributions of property use to community learning centers. This aims to incentivize the use of real property and vehicles by these centers, supporting their educational purposes and transportation needs.
Expected Effects
The bill's enactment would likely increase resources available to community learning centers. This would be achieved by making it more financially appealing for individuals and organizations to allow these centers to use their property. The change could lead to enhanced afterschool programs and improved access for children.
Potential Benefits
- Increased resources for community learning centers.
- Potential expansion of afterschool programs.
- Improved transportation access for children attending these programs.
- Incentivizes community involvement and support for educational initiatives.
- May lead to better educational outcomes for participating children.
Potential Disadvantages
- Potential complexity in determining the fair market rental value of contributed property.
- Possible administrative burden for both donors and community learning centers in documenting contributions.
- Risk of misuse or abuse of the charitable deduction.
- May disproportionately benefit certain community learning centers over others.
- Potential revenue loss for the government due to increased charitable deductions.
Constitutional Alignment
The bill aligns with the Constitution's general welfare clause (Preamble). It promotes education and community support, which can be argued as contributing to the overall well-being of citizens. Article I, Section 8, grants Congress the power to lay and collect taxes, duties, imposts, and excises, implying the authority to define and regulate tax deductions.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).