US HB5185 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on May 10 2016 - 25% progression, died in committee
Action: 2016-05-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 10 2016 - 25% progression, died in committee
Action: 2016-05-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to provide for disclosure for charity employees and board members previously implicated in terror finance. This bill amends the Internal Revenue Code to require tax-exempt organizations to disclose details regarding employees and board members involved in terror finance activities. An organization applying for tax-exempt status must disclose in its application the names and addresses of any officer, director, trustee, or highly compensated employee who, at any time prior to the date of the application, was: a member or employee of an organization: (1) named on the Department of the Treasury's Designated Charities and Potential Fundraising Front Organizations for FTOs (Foreign Terrorist Organizations) list, or (2) with property that has been blocked pending investigation by Treasury's Office of Foreign Assets Control; an unindicted coconspirator with respect to a terror finance scheme of an organization described above, or an employee of any charity found liable for civil damages due to an act of international terrorism. In lieu of the disclosure, the organization may include a statement indicating that no officer, director, trustee, or highly compensated employee of the organization (or individual with similar powers and responsibilities) meets the criteria described above. Tax-exempt organizations must also include either the required disclosure or the statement in annual tax returns filed after the enactment of this bill.
Title
To amend the Internal Revenue Code of 1986 to provide for disclosure for charity employees and board members previously implicated in terror finance.
Sponsors
Rep. Ted Poe [R-TX] | Rep. Randy Weber [R-TX] | Rep. Doug Lamborn [R-CO] |
History
Date | Chamber | Action |
---|---|---|
2016-05-10 | House | Referred to the House Committee on Ways and Means. |
2016-05-10 | House | Introduced in House |
Subjects
Foreign property
Government information and archives
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Terrorism
Government information and archives
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Terrorism
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/5185/all-info |
Text | https://www.congress.gov/114/bills/hr5185/BILLS-114hr5185ih.pdf |