Nonprofit Professionals....this came across my feed and it seems really important that we are aware and taking action. Congressional Summary of the Bill: “This bill postpones certain tax filing deadlines for U.S. nationals and their spouses who are unlawfully or wrongfully detained abroad or held hostage abroad. It also allows for a refund and abatement of tax penalties and fines paid by detained individuals. The bill terminates the tax-exempt status of terrorist supporting organizations.” And how do they define a terrorist supporting organization? According to the bill: “‘terrorist supporting organization’ means any organization which is designated by the [Treasury] Secretary as having provided… material support or resources to a [terrorist] organization…”
Find all the info you need about the NONPROFIT-KILLER BILL (H.R. 9495) in this Google Doc: https://lnkd.in/e794vUav. It’s got links to the bill itself, who voted for/against, letters of opposition, and rsss coverage. Relevant transcript text of coverage from The Rachel Maddow Show