A bill 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 Senate
- Passed House
- To President
- Became Law
Overview
This bill aims to eliminate the tax-exempt status for organizations designated as ‘terrorist supporting organizations’ by the Secretary of the Treasury. It establishes a process for the Secretary to identify such organizations based on providing material support or resources to designated terrorist organizations. The bill includes a notice and opportunity for organizations to challenge the designation, with specific procedures for handling classified information and appeals. If a designation is found to be erroneous, the Secretary must rescind it.
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 Secretary to designate organizations as terrorist supporting organizations.
- Requires the Secretary to provide notice to organizations before designation, including a description of material support or resources (with exceptions for national security).
- Grants organizations 90 days to challenge the designation by demonstrating they did not provide material support, returning resources, or filing a complaint.
- Establishes a review process by the IRS Independent Office of Appeals for disputes regarding designations.
- Specifies that U.S. district courts have exclusive jurisdiction to review Secretary’s determinations.
- Addresses the handling of classified information related to the designation process.
- Sets the effective date for the changes to taxable years after the bill’s enactment.
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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