United StatesBill would apply appreciated-property tax rule to listed organizations
If enacted, section 84’s tax rules would apply when people transfer property that has risen in value to political and certain tax-exempt organizations.
What it does
If enacted, section 84’s tax rules would cover transfers of property that has risen in value to political groups and three listed types of tax-exempt organizations. The rule would apply to later transfers in tax years ending after enactment.
Argument forPutting political groups and the listed tax-exempt organizations under one rule could make treatment more consistent across those recipients.
Argument againstRelying on numbered tax-code categories could make it harder for donors to know whether a recipient is covered.
More detail
Federal tax-code section 84 would use the term specified organization for the covered recipients. Recipients would include political organizations and organizations covered by section 501(c)(4), (5), or (6) of the tax code. The amendments would apply to transfers made after enactment, and only in taxable years ending after enactment.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 30Introduced in SenateLatest
- Sep 30Read twice and referred to the Committee on Finance.Introduced
Taxes & BudgetConsumer ProtectionPublic Safety