Search Results: keywords:"tax exemptions"

  • H. R. 7027 — To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
    Status:Introduced in House
    Words:403

    H.R. 7027, known as the "Safeguarding Charity Act," aims to clarify that certain tax exemptions shouldn't be considered as federal financial assistance. Specifically, it amends U.S. Code Title 1 to state that tax-exempt status given to certain organizations under the Internal...

    Simple Explanation

    In simple terms, this bill wants to make sure that certain tax breaks given to organizations are not considered as money help from the government. It's like saying getting a free ice cream doesn't mean you got a special gift from the ice cream shop!

  • S. 3604 — To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
    Status:Introduced in Senate
    Words:412

    S. 3604 seeks to amend title 1 of the United States Code to clarify that certain tax exemptions are not classified as Federal financial assistance. This bill, known as the "Safeguarding Charity Act," specifically addresses organizations described in sections 501(c), 501(d),...

    Simple Explanation

    S. 3604 is a bill that says some groups, like charities, don't get help from the government just because they don't have to pay certain taxes. This means their past not having to pay taxes isn't counted as getting help from the government.

  • S. 3673 — To amend the Internal Revenue Code of 1986 to impose a tax on the purchase of single-family homes by certain large investors, and for other purposes.
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    Status:Introduced in Senate
    Words:1,445

    S. 3673 is called the "Affordable Housing and Homeownership Protection Act of 2024." It amends the Internal Revenue Code to impose a tax on large investors when they purchase single-family homes, with different tax rates based on the number of homes owned. This tax does not...

    Simple Explanation

    S. 3673 is a bill that wants big companies who buy a lot of houses to pay extra money, and this extra money will be used to help people find affordable places to live. It makes sure small states get more money to help build homes for people who need them.