A bill to amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.
USA118th CongressS-3743| Senate
| Updated: 2/6/2024
Sheldon Whitehouse
Democratic Senator
Rhode Island
Cosponsors (9)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues). Currently, the tax is imposed only on transfers to political organizations.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
A bill to amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.
USA118th CongressS-3743| Senate
| Updated: 2/6/2024
This bill extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues). Currently, the tax is imposed only on transfers to political organizations.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Sheldon Whitehouse
Democratic Senator
Rhode Island
Cosponsors (9)
Finance Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted