House bill HR7244-118

Ways and Means Committee

End Tax Breaks for Dark Money Act

• Last activity on Feb 06, 2024

• Introduced Feb 06, 2024

• By Rep. Chu, Judy [D-CA-28]

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Main Subject: Taxation

End Tax Breaks for Dark Money Act

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.

House floor actions Actions

IntroReferral
Feb. 06 2024	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Feb. 06 2024	Introduced in House Introduced in House

House bill HR7244-118

End Tax Breaks for Dark Money Act

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