arrow_back Back to App

Clarifying Tax Exemptions: Not Federal Financial Aid for Charities.

This bill clarifies that federal income tax exemptions for charities and retirement organizations are not considered government financial assistance. This means these organizations can continue to benefit from tax breaks without being subject to additional requirements often tied to direct financial aid. For citizens, this ensures stability in the operations of organizations that often provide vital community services.
Key points
Confirms that tax exemptions for charities and retirement funds are not classified as "financial assistance" from the government.
Ensures these organizations can continue to benefit from tax breaks without additional burdens associated with federal financial aid.
Supports the stable operation of non-profit and retirement organizations important to many citizens.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_7027
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2024-01-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Safeguarding Charity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7027.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-01-17.

What are the main provisions?

Key points include:

  • Confirms that tax exemptions for charities and retirement funds are not classified as "financial assistance" from the government.
  • Ensures these organizations can continue to benefit from tax breaks without additional burdens associated with federal financial aid.
  • Supports the stable operation of non-profit and retirement organizations important to many citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Steube, W. Gregory [R-FL-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes