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Clarifying Tax Exemptions: Not Federal Financial Aid for Charities.

This act clarifies that income tax exemptions for charitable organizations and pension funds are not considered federal financial assistance. This means these organizations can continue to benefit from tax relief without additional burdens that might arise from being classified as recipients of federal aid. For citizens, this ensures stability in the operations of organizations that often provide important social services.
Key points
The act specifies that federal income tax exemptions for charitable organizations (e.g., foundations, associations) and pension funds are not considered "federal financial assistance."
This change aims to prevent additional regulations or obligations that might apply to organizations receiving direct financial support from the government.
For citizens, this means that the organizations they support can operate without unnecessary legal complications related to their tax status.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1428
Sponsor: Sen. Lankford, James [R-OK]
Process start date: 2025-04-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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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 119_S_1428.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-10.

What are the main provisions?

Key points include:

  • The act specifies that federal income tax exemptions for charitable organizations (e.g., foundations, associations) and pension funds are not considered "federal financial assistance."
  • This change aims to prevent additional regulations or obligations that might apply to organizations receiving direct financial support from the government.
  • For citizens, this means that the organizations they support can operate without unnecessary legal complications related to their tax status.
What is the specific legal status?

The current status is Introduced.

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. Lankford, James [R-OK].

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 2025-12-23.

CATEGORIES

Taxes