H.R. 10651House119th Congress (2025-2027)In Committee

End Tax Breaks for Dark Money Act

To amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.

AI-Generated Summary

Updated October 6, 2026 at 7:21 AM UTC

The End Tax Breaks for Dark Money Act would change the tax rules for donating appreciated assets. It expands the definition of organizations that receive the same tax treatment as political groups, adding certain tax‑exempt charities. The change would affect donors who give appreciated property and the charities that receive those gifts.

Key Provisions

Amends Internal Revenue Code Section 84 to replace the term “political organization” with “specified organization.”
Defines “specified organization” to include any political organization and any organization that falls under paragraphs (4), (5), or (6) of IRC Section 501(c) (certain charitable, educational, or other tax‑exempt groups).
Updates headings and table‑of‑contents references to reflect the new term “specified organization.”
Applies the new rules to transfers of appreciated property made after the law’s enactment, affecting taxable years ending thereafter.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

October 1, 2026

View full timeline

HouseIntro Referral

Introduced in House

October 1, 2026

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

October 1, 2026

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in HouseIssued October 1, 2026

119th CONGRESS

2d Session

H. R. 10651

IN THE HOUSE OF REPRESENTATIVES

October 1, 2026

Ms. Chu (for herself, Ms. Schakowsky, Ms. Norton, Mr. Gomez, Mr. Raskin, Mrs. Ramirez, Mr. Davis of Illinois, Ms. Lee of Pennsylvania, Mr. García of Illinois, Ms. Tlaib, Ms. Simon, Ms. Friedman, Mr. Goldman of New York, Ms. Omar, Ms. Salinas, Ms. DeLauro, and Mr. Deluzio) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.

Short title

This Act may be cited as the End Tax Breaks for Dark Money Act.

Treatment of transfers of appreciated property to certain tax-exempt organizations

(a)

In general

Subsections (a) and (b) of section 84 of the Internal Revenue Code of 1986 are each amended by striking political organization each place it appears and inserting specified organization.

(b)

Specified organization

Section 84(c) of such Code is amended to read as follows:

(c)

Specified organization

For purposes of this section, the term specified organization means—

(1)

any political organization (as defined in section 527(e)(1)), and

(2)

any organization described in paragraph (4), (5), or (6) of section 501(c).

(c)

Clerical amendments

(1)

The heading of section 84 of such Code is amended by striking political and inserting specified.

(2)

The item relating to section 84 in the table of sections for part II of subchapter B of chapter 1 of such Code is amended to read as follows:

Sec. 84. Transfer of appreciated property to specified organizations.

(d)

Effective date

The amendments made by this section shall apply to transfers after the date of the enactment of this Act, in taxable years ending after such date.