S.Amdt. 2843

SA 2843. Mr. YOUNG submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. _____. EXEMPTION OF QUALIFIED RELIGIOUS INSTITUTIONS.

(a) In General.--Section 4968(c), as amended by this Act,
is further amended by striking ``and'' at the end of
paragraph (3), by striking the period at the end of paragraph
(4) and inserting ``, and'', and by adding at the end the
following new paragraph:
``(5) which is not a qualified religious institution.''.
(b) Qualified Religious Institution.--Section 4968, as
amended by this Act, is further amended by redesignating
subsection (h) as subsection (i) and by inserting after
subsection (g) the following new subsection:
``(h) Qualified Religious Institution.--For purposes of
subsection (c)(5), the term `qualified religious institution'
means any institution--
``(1) which was established after July 4, 1776,
``(2) which was established by or in association with an
organization described in section 170(b)(1)(A)(i), and--
``(A) at least 25 percent of the members of the highest
governing body of which are either--
``(i) appointed by such organization, or
``(ii) required under the governing documents of the
institution to be clerical members of such organization,
``(B) which is party to a formal written agreement with
such organization that expressly acknowledges the
institution's historical and ongoing relationship with the
organization, and sets forth shared commitments relating to
institutional mission, values, or engagement with the
religious traditions of the organization, or
``(C) which is formally designated as a religious
institution by the governing body of such organization based
on an evaluation of the institution's alignment with the
organization's religious identity, values, or educational
mission, and
``(3) which maintains a published institutional mission
which is approved by the governing body of such institution
and which includes, refers to, or is predicated upon
religious tenets, beliefs, or teachings.

[[Page S4144]]

Not later than December 31, 2025, the Secretary shall issue
such regulations or other guidance as may be necessary or
appropriate to carry out the purposes of this subsection.''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2025.
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