U.S. Congress legislation · 119th Congress
HB10651: End Tax Breaks for Dark Money Act
Status: In committee, October 1, 2026
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.
What the bill says
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.
From the introduced text, October 1, 2026:
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. SECTION 1. Short title This Act may be cited as the End Tax Breaks for Dark Money Act . SECTION 2. Treatment of transfers of appreciated property to certain tax-exempt organizations (a) In general Subsections (a) and (b) of section 84 of the Internal Revenue Code of 1986 are each amended by striking political organization each place it appears and inserting specified organization . (b) Specified organization Section 84(c) of such Code is amended to read as follows: (c) Specified organization For purposes of this section, the term specified organization means-- (1) any political organization (as defined in section 527(e)(1)), and (2) any organization described in paragraph (4), (5), or (6) of section 501(c). . (c) Clerical amendments (1) The heading of section 84 of such Code is amended by striking political and inserting specified . (2) The item relating to section 84 in the table of sections for part II of subchapter B of chapter 1 of such Code is amended to read as follows: Sec. 84. Transfer of appreciated property to specified organizations. . (d) Effective date The amendments made by this section shall apply to transfers after …
Sponsors
- Judy Chu (D, HD-CA-28) · primary sponsor
- Janice Schakowsky (D, HD-009)
- Norton, Eleanor (D, HD-000)
- Jimmy Gomez (D)
- Jamie Raskin (D, HD-008)
- Delia Ramirez (D, HD-003)
- Danny Davis (D, HD-IL-7)
- Summer Lee (D, HD-PA-12)
- Jesus Garcia (D, HD-IL-4)
- Rashida Tlaib (D, HD-MI-12)
- Lateefah Simon (D)
- Laura Friedman (D)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB10651?
- HB10651 is a bill in Congress (119th Congress): End Tax Breaks for Dark Money Act.
- What does HB10651 do?
- In its own words: 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.
- What is the status of HB10651?
- In committee as of October 1, 2026. Latest action: Referred to the House Committee on Ways and Means. (October 1, 2026).
- Who sponsored HB10651?
- Judy Chu (D, HD-CA-28), with 11 co-sponsors.
- Where is the official record for HB10651?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10651
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.