Politiparty
Politiparty

118th Congress Taxation

H.R. 7244: End Tax Breaks for Dark Money Act

Introduced

  1. Introduced (completed)Feb 6, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Feb 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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

20

Who scored on this bill

0 points earned

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Other bills by Judy Chu

History

  1. Feb 6, 2024Introduced in the House by Judy Chu.
Show the full action history (2 actions)
  1. Feb 6, 2024Introduced in House
  2. Feb 6, 2024Referred to the House Committee on Ways and Means.