House Bill 4622
118th Congress(2023-2024)
Don't Weaponize the IRS Act
Introduced
Introduced in House on Jul 13, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4622
Congress
118
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Don't Weaponize the IRS Act
This bill codifies regulations promulgated by the Trump Administration exempting certain tax-exempt organizations from specified reporting requirements. Specifically the bill
- increases from $5,000 to $50,000 the gross receipts threshold used to determine the eligibility of tax-exempt organizations for the exemption from certain disclosure and reporting requirements;
- expands the definition of organization to include tax-exempt charitable organizations and organizations with no significant activities relating to lobbying, political activity, and the operation of a trade or business;
- exempts from disclosure the names and addresses of contributors to an organization in its annual informational return; and
- extends exemptions from reporting requirements to political action committees (i.e., 527 organizations).
July 13, 2023
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07/13/2023
Referred to the House Committee on Ways and Means.
07/13/2023
Introduced in House
Public Record
Record Updated
Dec 7, 2023 4:57:52 PM