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

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.