Search Results for keywords:"de minimis incremental expenses"

Search Results: keywords:"de minimis incremental expenses"

H. R. 2501 — To amend the Internal Revenue Code of 1986 to allow charitable organizations to make statements relating to political campaigns if such statements are made in the ordinary course of carrying out its tax exempt purpose.
March 31, 2025
Status:Introduced in House
Congress:119
Words:478
H.R. 2501, known as the “Free Speech Fairness Act,” proposes an amendment to the Internal Revenue Code of 1986. This bill allows charitable organizations, classified as 501(c)(3), to make statements about political campaigns if these statements are part of their normal tax-exempt activities...
Simple Explanation
H.R. 2501 is a special rule that lets charitable groups talk about political stuff as long as it matches their normal activities and doesn't cost much extra. This means they can share their opinions on elections without losing their tax benefits.
S. 1205 — To amend the Internal Revenue Code of 1986 to allow charitable organizations to make statements relating to political campaigns if such statements are made in the ordinary course of carrying out its tax exempt purpose.
March 31, 2025
Status:Introduced in Senate
Congress:119
Words:410
S. 1205, titled the “Free Speech Fairness Act,” seeks to modify the Internal Revenue Code of 1986 to permit charitable organizations to make statements about political campaigns without jeopardizing their tax-exempt status. Specifically, the bill allows these organizations,...
Simple Explanation
The bill wants to change a rule so that charities can talk about political campaigns without losing their special tax status, but it should be done in a way that doesn't cause big extra costs or make them focus too much on politics.

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