HR 4622
118th Congress
House
Taxation
Don't Weaponize the IRS Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 2023
Referred to the House Committee on Ways and Means.
Jul 13, 2023
Introduced in House
Plain-English summary
Don't Weaponize the IRS Act
This bill codifies regulations promulgated by the Trump Administration exempting certain tax-exempt organizations from specified reporting requirements. Specifically the bill
- increases from $5,000 to $50,000 the gross receipts threshold used to determine the eligibility of tax-exempt organizations for the exemption from certain disclosure and reporting requirements;
- expands the definition of organization to include tax-exempt charitable organizations and organizations with no significant activities relating to lobbying, political activity, and the operation of a trade or business;
- exempts from disclosure the names and addresses of contributors to an organization in its annual informational return; and
- extends exemptions from reporting requirements to political action committees (i.e., 527 organizations).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1