Search Results: keywords:"tax-exempt"

  • S. 3823 — To amend the Internal Revenue Code of 1986 to treat spaceports like airports for purposes of exempt facility bond rules.
    Status:Introduced in Senate
    Words:913

    S. 3823 is a bill proposed in the United States Senate to amend the Internal Revenue Code of 1986. The bill aims to treat spaceports the same way as airports when it comes to the rules about certain tax-exempt facility bonds. This change would mean that spaceports could...

    Simple Explanation

    S. 3823 is a plan to help places where rockets are launched, called spaceports, get the same money-saving tools that airports do, making it easier for them to grow. It also gives special rules about what counts as a spaceport and how they rent land.

  • H. R. 7306 — To amend the Internal Revenue Code of 1986 to include publication of written news articles as a tax-exempt purpose for organizations, and for other purposes.
    Status:Introduced in House
    Words:429

    H.R. 7306, titled the “Saving Local News Act,” proposes amendments to the Internal Revenue Code of 1986 to recognize organizations that publish written news articles, including digital publications, as having a tax-exempt purpose under section 501(c)(3). This change means that advertising...

    Simple Explanation

    H.R. 7306 is a new idea to let groups that write news stories, including online ones, not have to pay certain taxes, just like charities. This could help these groups save money, especially from ads, but it also needs careful rules to stop people from misusing it.