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H.R. 6397

GIVING Act

Good Incentives for Vital Non-profit Governance Act or the GIVING Act

This bill amends the Internal Revenue Code to establish a new 501(c)(3)(A) status for certain tax-exempt organizations with exempt-purpose expenditures that comprise at least 75% of the total expenditures of the organization for the year. Exempt-purpose expenditures exclude administrative expenses.

Referred to the House Committee on Ways and Means.

Rep. Posey, Bill [R-FL-8](R-FL)Sponsor
1committees3actions5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

GIVING Act — Informed