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- H.R.239
H.R.239: Tax Exemption Accountability Act
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Jan. 7, 1997
- Latest Major Action Jan. 7, 1997
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Tax Exemption Accountability Act - Amends the Internal Revenue Code to impose a penalty tax, in the case of self-dealing transactions between disqualified persons and certain charitable tax-exempt organizations, on: (1) the organization; (2) the management; and (3) the beneficiary. Revokes the tax-exemption of such organizations for acts of self-dealing. Prohibits the net earnings of certain civic leagues and local associations from inuring to...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Jan. 7, 1997 |
Introduced in the House by Robert Menendez (D-N.J.) |