summary
Introduced
03/30/2023
03/30/2023
In Committee
03/30/2023
03/30/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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," aims to amend the Internal Revenue Code of 1986 to codify the Trump administration's rule on reporting requirements for tax-exempt organizations. Specifically, it raises the gross receipts threshold for organizations exempt from reporting requirements from $5,000 to $50,000, and it exempts certain additional organizations, such as those with no significant activity other than investment activity in the U.S., from reporting requirements. The bill also clarifies the application of reporting requirements to section 527 organizations (political organizations) and removes the requirement for tax-exempt organizations to report the names and addresses of their contributors, except for substantial contributors to section 527 organizations.
Committee Categories
Budget and Finance
Sponsors (11)
Mike Braun (R)*,
Ted Budd (R),
Shelley Moore Capito (R),
Mike Crapo (R),
Deb Fischer (R),
Cynthia Lummis (R),
Jerry Moran (R),
Jim Risch (R),
Mitt Romney (R),
Rick Scott (R),
Todd Young (R),
Last Action
Read twice and referred to the Committee on Finance. (on 03/30/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/1105/all-info |
| BillText | https://www.congress.gov/118/bills/s1105/BILLS-118s1105is.pdf |
Loading...