118th Congress Taxation
S. 3743: 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
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.
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Tammy Baldwin D-WIOriginal
- Laphonza Butler D-CAOriginal
- Catherine Cortez Masto D-NVOriginal
- Jeff Merkley D-OROriginal
- Brian Schatz D-HIOriginal
- Tina Smith D-MNOriginal
- Chris Van Hollen D-MDOriginal
- Peter Welch D-VTOriginal
- Elizabeth Warren D-MAOriginal
Who scored on this bill
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History
- Introduced in the Senate by Sheldon Whitehouse.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.