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What type of nonprofit will first lose tax-exempt status under H.R. 9495?
2
Resolution / Starting Odds
Religious organization • 25%
Educational institution • 25%
Charitable organization • 25%
Other type • 25%
Official announcements from the U.S. Department of the Treasury
Story
House Passes H.R. 9495 Granting Treasury Power to Revoke Nonprofits' Tax Status Over Terrorism Links
Nov 21, 2024, 04:47 PM
The U.S. House of Representatives has passed H.R. 9495, known as the Stop Terror-Financing and Tax Penalties on American Hostages Act. Supported by organizations like the ADL and AIPAC, the bill aims to revoke the tax-exempt status of U.S. nonprofits that provide support to terrorist organizations and to provide tax relief to Americans held hostage abroad. Opponents, including the ACLU and progressive Jewish groups, express concern that it grants broad powers to the Treasury Secretary to unilaterally strip nonprofits of their tax-exempt status without due process. Several Democratic representatives, such as Rep. Pramila Jayapal, have voiced fears that the incoming Trump administration could misuse this power to target political enemies.
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