S 3743
118th Congress
Senate
Taxation
A bill to amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.
Introduced: February 6, 2024
Introduced by:
Whitehouse, Sheldon
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2024
Read twice and referred to the Committee on Finance.
Feb 6, 2024
Introduced in Senate
Plain-English summary
This bill extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues). Currently, the tax is imposed only on transfers to political organizations.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1