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S. 3743 118th Congress Senate

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…

Official title: 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 appre… Show full official titleShow less

Official title: 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: Sheldon Whitehouse Democratic · Rhode Island See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action February 6, 2024

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 7244 End Tax Breaks for Dark Money Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 8
D
Baldwin, Tammy
Wisconsin · Feb 6, 2024
 D
Cortez Masto, Catherine
Nevada · Feb 6, 2024
 D
Merkley, Jeff
Oregon · Feb 6, 2024
 D
Schatz, Brian
Hawaii · Feb 6, 2024
 D
Smith, Tina
Minnesota · Feb 6, 2024
 D
Van Hollen, Chris
Maryland · Feb 6, 2024
 D
Warren, Elizabeth
Massachusetts · Feb 6, 2024
 D
Welch, Peter
Vermont · Feb 6, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3743: 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.. 118th Congress. Open America. https://openamerica.io/bill/118-S-3743/
MLA
"S. 3743: 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.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3743/.
Bluebook (legal)
S. 3743, 118th Cong. (2026), https://openamerica.io/bill/118-S-3743/.
Markdown link
[S. 3743: 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.](https://openamerica.io/bill/118-S-3743/)
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