summary
Introduced
05/20/2021
05/20/2021
In Committee
05/20/2021
05/20/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to codify the Trump administration rule on reporting requirements of exempt organizations, and for other purposes.
AI Summary
This bill, the "Don't Weaponize the IRS Act," amends the Internal Revenue Code to increase the gross receipts threshold for small tax-exempt organizations that are required to file annual information returns with the IRS from $5,000 to $50,000. It also exempts certain other tax-exempt organizations, such as those with no significant activity other than investment activity in the U.S., from the annual reporting requirement. Additionally, the bill clarifies that the reporting requirements for section 527 political organizations are the same as for other tax-exempt organizations, and it removes the requirement for tax-exempt organizations to report the names and addresses of their contributors on their annual returns, except in certain cases.
Committee Categories
Budget and Finance
Sponsors (49)
Mike Braun (R)*,
John Barrasso (R),
Marsha Blackburn (R),
Roy Blunt (R),
John Boozman (R),
Richard Burr (R),
Shelley Moore Capito (R),
Bill Cassidy (R),
John Cornyn (R),
Tom Cotton (R),
Kevin Cramer (R),
Mike Crapo (R),
Ted Cruz (R),
Steve Daines (R),
Joni Ernst (R),
Deb Fischer (R),
Lindsey Graham (R),
Chuck Grassley (R),
Bill Hagerty (R),
Josh Hawley (R),
John Hoeven (R),
Cindy Hyde-Smith (R),
James Inhofe (R),
Ron Johnson (R),
John Neely Kennedy (R),
James Lankford (R),
Mike Lee (R),
Cynthia Lummis (R),
Roger Marshall (R),
Mitch McConnell (R),
Jerry Moran (R),
Lisa Murkowski (R),
Rand Paul (R),
Rob Portman (R),
Jim Risch (R),
Mitt Romney (R),
Mike Rounds (R),
Marco Rubio (R),
Ben Sasse (R),
Rick Scott (R),
Tim Scott (R),
Richard Shelby (R),
Dan Sullivan (R),
John Thune (R),
Thom Tillis (R),
Pat Toomey (R),
Tommy Tuberville (R),
Roger Wicker (R),
Todd Young (R),
Last Action
Read twice and referred to the Committee on Finance. (on 05/20/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/1777/all-info |
| BillText | https://www.congress.gov/117/bills/s1777/BILLS-117s1777is.pdf |
| Bill | https://www.congress.gov/117/bills/s1777/BILLS-117s1777is.pdf.pdf |
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