To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill amends the Internal Revenue Code to create a process for the Treasury Department to designate organizations as ‘terrorist supporting organizations.’ If an organization is designated, its tax-exempt status will be terminated. The bill outlines a procedure for the Secretary of the Treasury to identify such organizations, providing them with notice and an opportunity to challenge the designation before it takes effect.
Key provisions
- Establishes a definition of ‘terrorist supporting organization’ based on providing material support or resources to designated terrorist organizations.
- Creates a process for the Treasury Secretary to designate organizations as terrorist supporting organizations.
- Requires the Treasury Secretary to provide organizations with notice of the potential designation and an opportunity to cure the designation.
- Allows organizations to challenge the designation in federal court.
- Establishes a process for the IRS Independent Office of Appeals to review disputes regarding designations.
- Specifies that the courts have exclusive jurisdiction to review the Secretary’s determinations.
- Addresses the handling of classified information related to the designation process.
- Sets the effective date for the new rules to be applied after enactment.
Who is affected
- Nonprofit organizations
Bill text
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Sponsors
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1 on record
Primary sponsor
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