A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

Hozzl · 2024-05-02T13:14:46Z

Explore the details of Senate Bill 4136 A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

5/2/2024, 1:14 PM

Summary of Bill S 4136

Bill 118 s 4136, also known as the "Termination of Tax-Exempt Status for Terrorist Supporting Organizations Act," aims to make changes to the Internal Revenue Code of 1986. The main goal of this bill is to end the tax-exempt status of organizations that support or fund terrorist activities.

If this bill is passed, organizations that are found to be supporting terrorism will no longer be eligible for tax-exempt status. This means that they will have to pay taxes on any income they receive, just like any other business or individual.

The bill is designed to crack down on terrorist financing and make it more difficult for these organizations to operate and carry out their harmful activities. By removing their tax-exempt status, the hope is that it will help disrupt their funding sources and hinder their ability to carry out attacks. Overall, the Termination of Tax-Exempt Status for Terrorist Supporting Organizations Act is a measure aimed at increasing national security and preventing the flow of funds to terrorist groups. It is a step towards holding these organizations accountable for their actions and cutting off their financial support.

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Current Status of Bill S 4136

Bill S 4136 is currently in the status of Bill Introduced since April 17, 2024. Bill S 4136 was introduced during Congress 118 and was introduced to the Senate on April 17, 2024. Bill S 4136's most recent activity was Read twice and referred to the Committee on Finance. as of April 17, 2024

Bipartisan Support of Bill S 4136

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4136

Primary Policy Focus

Alternate Title(s) of Bill S 4136

A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

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Sponsors and Cosponsors of S 4136

John Cornyn

Texas(Republican)

Angus S. King Jr.

Maine(Independent)

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