Client Alert: Non-Profits Targeted Under New Tax Code Proposals
By EsqSocial Corporation 17/01/25
House Bill 9495 (H.R. 9495), a bill passed during the 118th Congress, is legislation worth watching for non-profits and other aid organizations. H.R. 9495 passed the House on November 21, 2024, and if passed during the new Congress, Section 4 of the bill would expand the authority of the Treasury Secretary to now include the authority to revoke the tax-exempt status of “terrorist supporting organizations.” The move to revoke the tax-exempt status of “terrorist supporting” organizations would on...
By: Jenner & Block