End Tax Breaks for Dark Money Act

This bill changes a federal tax rule about giving property that has gone up in value since it was bought. Under current law, a person who transfers such property to a political organization is treated as having sold it, so they may owe tax on the gain. The bill would apply the same rule to transfers to social welfare groups, labor and farm groups, and business leagues, which are tax-exempt under sections 501(c)(4), (5), and (6) of the tax code. The change would apply to transfers made after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Judy Chu Democrat sponsor
• 17 cosponsors