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US S4136

US S4136
A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.


summary

Introduced
04/17/2024
In Committee
04/17/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

AI Summary

This bill amends the Internal Revenue Code of 1986 to terminate the tax-exempt status of organizations designated as "terrorist supporting organizations" by the Secretary of the Treasury. The bill establishes a process for the Secretary to designate such organizations, provide them with notice and an opportunity to demonstrate that they did not provide material support to terrorist organizations, and rescind the designation if certain conditions are met. The bill also provides for administrative review by the Internal Revenue Service Independent Office of Appeals and exclusive jurisdiction for federal district courts to review final determinations regarding the designation of an organization as a terrorist supporting organization.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Read twice and referred to the Committee on Finance. (on 04/17/2024)

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