Bill > S3554

This bill amends the Internal Revenue Code of 1986 to terminate the tax-exempt status of organizations that provide material support or resources to terrorist organizations. Specifically, it introduces a new provision that allows the Secretary of the Treasury to designate an organization as a "terrorist supporting organization" if it has provided significant aid to a terrorist group within the past three years. This designation would revoke the organization's tax-exempt status, similar to how other tax-exempt organizations can have their status suspended. Before making such a designation, the Secretary must notify the organization, informing them of the alleged support and providing an opportunity to either prove they didn't provide the support, take steps to recover the support and commit to not providing further aid, or, if national security concerns prevent full disclosure of the support, file a complaint in federal court challenging the withholding of information. The bill also outlines procedures for rescinding a designation, allows for administrative review by the IRS Independent Office of Appeals, and grants U.S. district courts jurisdiction to review these designations, including cases involving classified information. The changes are effective for designations made after the bill's enactment.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3554/all-info