118th Congress · SENATE BILLBILL

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.

“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.”

Taxation

Introduced Feb 6, 2024

Last action Feb 6, 2024

Pipeline · Bill → Law

Step 1

Introduced

Feb 6, 2024

Step 2

Referred

Feb 6, 2024

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS 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.

Provisions · 1 sectionsIntroduced in Senate

Timeline · 2 actions

Feb 6, 2024

Introduced in Senate

Feb 6, 2024

Read twice and referred to the Committee on Finance.