End Tax Breaks for Dark Money Act eliminates tax benefits for transferring appreciated property to certain tax-exempt organizations.

The End Tax Breaks for Dark Money Act amends the Internal Revenue Code to eliminate tax benefits for transferring appreciated property to certain tax-exempt organizations. It treats such transfers the same as transfers to political organizations, thereby removing a tax incentive for donations to these entities. The changes apply to transfers made after the enactment date, in taxable years ending after that date.

End Tax Breaks for Dark Money Act eliminates tax benefits for transferring appreciated property to certain tax-exempt organizations.

The End Tax Breaks for Dark Money Act amends the Internal Revenue Code to eliminate tax benefits for transferring appreciated property to certain tax-exempt organizations. It treats such transfers the same as transfers to political organizations, thereby removing a tax incentive for donations to these entities. The changes apply to transfers made after the enactment date, in taxable years ending after that date.