Jeremias Jensen

The bill "To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income" was introduced in the 119th Congress on June 18, 2026. The bill, designated as H.R. 9353, aims to provide an exemption for qualified religious institutions from the excise tax on investment income as specified in the Internal Revenue Code of 1986. The text of the bill focuses on this specific exemption, potentially impacting tax liabilities for religious institutions with investment income. The bill's full details and provisions can be accessed via the provided PDF link.