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Tax Treatment of Appreciated Property Transfers to Specified Organizations.

This bill amends the Internal Revenue Code of 1986 to treat transfers of appreciated property to "specified organizations" the same as transfers of appreciated property to political organizations. It expands the definition of a "specified organization" to include entities described in sections 501(c)(4), (5), and (6), such as social welfare organizations and business leagues.
Key points
Amends the code to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers to political organizations.
Defines "specified organization" to include political organizations and those described in section 501(c)(4), (5), or (6).
The amendments apply to transfers made after the date of the enactment of the Act.
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Status:
Expired
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Additional Information
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.
Print number: S 3743
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2024-02-06
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax Treatment of Appreciated Property Transfers to Specified Organizations.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 3743.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-02-06.

What are the main provisions?

Key points include:

  • Amends the code to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers to political organizations.
  • Defines "specified organization" to include political organizations and those described in section 501(c)(4), (5), or (6).
  • The amendments apply to transfers made after the date of the enactment of the Act.

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 Sen. Whitehouse, Sheldon [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

Analysis and Potential Impact of S 3743

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes