A bill to amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.

Bill 118 s 3743, also known as the "Appreciated Property Transfer Act," aims to amend the Internal Revenue Code of 1986. The main purpose of this bill is to ensure that transfers of appreciated property to certain tax-exempt organizations are treated in the same manner as transfers of appreciated property to political organizations.

Currently, when individuals or entities transfer appreciated property to political organizations, they are able to receive certain tax benefits. However, transfers of appreciated property to certain tax-exempt organizations do not receive the same treatment under the current tax code.

This bill seeks to rectify this discrepancy by allowing transfers of appreciated property to certain tax-exempt organizations to also receive the same tax benefits as transfers to political organizations. This change would help to level the playing field and ensure that all organizations, regardless of their tax-exempt status, are treated equally under the tax code. Overall, the Appreciated Property Transfer Act aims to promote fairness and equity in the tax treatment of transfers of appreciated property to various types of organizations.