H.R. 7244 · 118th Congress
End Tax Breaks for Dark Money Act
- Stage
- In committee
- Sponsor
- Judy Chu
- Introduced
- 2024-02-06
- Latest action
- 2024-02-06 · Introduced in House
Summary
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.