Alexander Co-Sponsors Tsunami Relief Legislation - Donations To Disaster Fund Will Be Tax Deductable For 2004
Posted on January 7, 2005
U.S. Sen. Lamar Alexander (R-TN), member of the Senate Foreign Relations Committee, co-sponsored legislation that will encourage aid to survivors of the December 26, 2004, tsunamis in the Indian Ocean region. The Joint Resolution sponsored by Sens. Charles Grassley (R-IA) and Max Baucus (D-MT) treats contributions made to the tsunami disaster relief in January 2005 as if they were made before December 31, 2004. This will allow donors to deduct the contributions made to disaster relief efforts from their 2004 federal income taxes. "I am proud of Americans for immediately responding to those in need in countries devastated by the tsunami," said Alexander. "There are already large numbers of aid workers, donors, and servicemen and women doing what they can to speed up the recovery process. The goal of this legislation is to encourage more Americans to get involved. By making the donations deductible from 2004 federal income taxes, I hope that more people will take advantage of this opportunity to help others in their time of need." The resolution unanimously passed both the House of Representatives and the Senate. It now goes to President Bush to be signed into law.