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End Tax Breaks for Dark Money Organizations

This act aims to eliminate tax breaks for donations made to certain tax-exempt organizations that operate similarly to political organizations. This means that transfers of appreciated property to these organizations will be treated the same as political donations, potentially impacting how campaigns and lobbying efforts are funded.
Key points
Tax law change: donations to certain tax-exempt organizations will be treated like political donations.
Funding impact: political organizations and some non-profits may lose previous tax benefits for receiving donations.
New rules apply to transfers made after the act's enactment date, affecting future donations.
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Expired
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Additional Information
Print number: 118_HR_7244
Sponsor: Rep. Chu, Judy [D-CA-28]
Process start date: 2024-02-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End Tax Breaks for Dark Money Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7244.

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 2024-02-06.

What are the main provisions?

Key points include:

  • Tax law change: donations to certain tax-exempt organizations will be treated like political donations.
  • Funding impact: political organizations and some non-profits may lose previous tax benefits for receiving donations.
  • New rules apply to transfers made after the act's enactment date, affecting future donations.
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. Chu, Judy [D-CA-28].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

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

CATEGORIES

Taxes Economy