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119-hr-10651119th CongressWALLET

End Tax Breaks for Dark Money Act

Sponsored By: Representative Chu, Judy [D-CA-28]

Introduced

Summary

This bill would change the tax treatment of donated appreciated property by treating certain nonprofits the same as political organizations. It replaces the term "political organization" with a new "specified organization" category that includes political organizations and 501(c)(4), 501(c)(5), and 501(c)(6) entities.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Higher tax on donated appreciated property

This bill would expand an existing tax rule for gifts of appreciated property to more recipients. It would replace the phrase "political organization" with "specified organization" and define that to include political organizations and groups described in 501(c)(4), (5), and (6). The change would apply to transfers after the bill's enactment date, in taxable years ending after that date. If enacted, people or businesses who donate appreciated property to those groups would face the same tax treatment as donors to political organizations. That could raise tax costs for those donors.

Sponsors & CoSponsors

Sponsor

Chu, Judy [D-CA-28]

CA • D

Cosponsors

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 10/1/2026

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 10/1/2026

  • Rep. Gomez, Jimmy [D-CA-34]

    CA • D

    Sponsored 10/1/2026

  • Rep. Raskin, Jamie [D-MD-8]

    MD • D

    Sponsored 10/1/2026

  • Rep. Ramirez, Delia C. [D-IL-3]

    IL • D

    Sponsored 10/1/2026

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 10/1/2026

  • Rep. Lee, Summer L. [D-PA-12]

    PA • D

    Sponsored 10/1/2026

  • Rep. García, Jesús G. "Chuy" [D-IL-4]

    IL • D

    Sponsored 10/1/2026

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 10/1/2026

  • Rep. Simon, Lateefah [D-CA-12]

    CA • D

    Sponsored 10/1/2026

  • Rep. Friedman, Laura [D-CA-30]

    CA • D

    Sponsored 10/1/2026

  • Rep. Goldman, Daniel S. [D-NY-10]

    NY • D

    Sponsored 10/1/2026

  • Rep. Omar, Ilhan [D-MN-5]

    MN • D

    Sponsored 10/1/2026

  • Rep. Salinas, Andrea [D-OR-6]

    OR • D

    Sponsored 10/1/2026

  • Rep. DeLauro, Rosa L. [D-CT-3]

    CT • D

    Sponsored 10/1/2026

  • Rep. Deluzio, Christopher R. [D-PA-17]

    PA • D

    Sponsored 10/1/2026

  • Rep. Casten, Sean [D-IL-6]

    IL • D

    Sponsored 10/6/2026

Roll Call Votes

No roll call votes available for this bill.

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