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Bookmark or Share- House Passes Antiterror Financing Bill as Democrats Warn Trump Could ...Nov. 21, 2024 Updated 12:01 p.m. ET. The House on Thursday passed legislation that would allow the government to revoke the tax-exempt status of nonprofit groups it accuses of supporting terrorist ...
- Kustoff Bill, the Stop Terror-Financing and Tax Penalties on American ...This bipartisan legislation will revoke the tax-exempt status of U.S. nonprofits found to have provided material support to designated terrorist groups and waive certain Internal Revenue Service (IRS) late fees and penalties for Americans held unlawfully abroad.
- House Democrats Block Bill Cracking Down on Support for Terrorism by ...Stop Terror-Financing and Tax Penalties on American Hostages Act. H.R. 9495 terminates the tax-exempt status of American organizations found to be materially supporting designated terrorist groups, such as Hamas, and provides fair tax treatment to Americans held hostage or wrongfully detained abroad.
- H.R. 9495, Stop Terror-Financing and Tax Penalties on American Hostages ...H.R. 9495 would modify the Internal Revenue Code to extend deadlines for certain tax matters for hostages, people wrongfully detained abroad, and their spouses, and would suspend the tax-exempt status of organizations that support terrorism.
- DESCRIPTION OF H.R. 9495, THE “STOP TERROR-FINANCING AND TAX PENALTIES ...The House Committee on Ways and Means has scheduled a committee markup for September 11, 2024, of H.R. 9495, the “Stop Terror-Financing and Tax Penalties on American Hostages Act.” This document,1 prepared by the staff of the Joint Committee on Taxation, provides a description of this bill.
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