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119-s-5669119th CongressWALLET

End Tax Breaks for Dark Money Act

Sponsored By: Senator Whitehouse, Sheldon [D-RI]

Introduced

Summary

Expands which nonprofits fall under the tax rules for gifts of appreciated property. This bill would treat transfers of appreciated property to certain 501(c) groups the same way transfers to political organizations are treated under Section 84 of the Internal Revenue Code.

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  • Donors: Gifts of appreciated property to the newly covered groups would be subject to Section 84's tax-treatment framework, so donors would face the same reporting and tax rules that apply to gifts to political organizations.
  • Certain nonprofits: Organizations described in 501(c)(4), 501(c)(5), and 501(c)(6) would be defined as "specified organizations" and brought into Section 84's coverage alongside political organizations.
  • Scope and timing: The bill makes clerical edits to section headings and the tax code table and applies to transfers occurring after enactment in taxable years ending after that date.

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Bill Overview

Analyzed Economic Effects

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

New tax rules for certain donors

If enacted, this bill would expand the tax rule for gifts of appreciated property. It would make section 84 apply not only to political organizations (IRC 527(e)(1)) but also to organizations described in IRC 501(c)(4), (5), and (6). If you donate appreciated property to those groups after the enactment date in a taxable year ending after that date, you would be subject to the tax treatment rules of section 84 and could owe tax on the transfer.

Sponsors & CoSponsors

Sponsor

Whitehouse, Sheldon [D-RI]

RI • D

Cosponsors

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 9/30/2026

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 9/30/2026

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 9/30/2026

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 9/30/2026

  • Sen. Schatz, Brian [D-HI]

    HI • D

    Sponsored 9/30/2026

  • Sen. Warren, Elizabeth [D-MA]

    MA • D

    Sponsored 9/30/2026

  • Sen. Baldwin, Tammy [D-WI]

    WI • D

    Sponsored 9/30/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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