# 119-hr-9353: To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income.

119-hr-9353, To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income., is a 119th Congress bill sponsored by Rep. Kelly, Mike [R-PA-16] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-07-09).

- Canonical: https://policyrisk.com/legislation/119-hr-9353
- As of: 2026-07-09
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9353
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income.
- Status: introduced
- Introduced: 2026-06-18
- Sponsor: Rep. Kelly, Mike [R-PA-16] (R-PA)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-09

## Summary

This bill would **exempt qualified religious institutions from the Section 4968 excise tax on investment income.** It would add a statutory definition that covers institutions established after July 4, 1776 and created by or in association with an organization described in section 170(b)(1)(A)(i). To qualify an institution must meet governance ties, enter a formal written agreement, or be formally designated by that organization. It must also have a published mission approved by its governing body that references religious tenets. The exemption would apply to taxable years beginning after December 31, 2025 and the Secretary of the Treasury would have to issue regulations or guidance by December 31, 2026.

## Cosponsors (1)

- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2026-06-18T00:00:00.000Z

## Provisions PRIA read

- Investment tax break for religious institutions: benefit, low. This bill would exempt certain nonprofit religious institutions from the federal excise tax on investment income. To qualify, an institution would have to have been established after July 4, 1776 and be established by or in association with an organization described in section 170(b)(1)(A)(i). It w…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-4393: DIGNIDAD (Dignity) Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-3104: Ukrainian Adjustment Act of 2025

## Sources
- [119-hr-9353 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9353)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-4393: DIGNIDAD (Dignity) Act of 2025](https://policyrisk.com/legislation/119-hr-4393)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [119-hr-3104: Ukrainian Adjustment Act of 2025](https://policyrisk.com/legislation/119-hr-3104)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9353 (as of 2026-07-09).