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Tax Exemption for Terrorist-Linked Groups Targeted by House (1)
<!DOCTYPE html> <html lang="en"> <head> <script async src="https://news-cdn.bindg.com/indg/assets/news/scripts/google-tag-manager.js" nonce="gtm" ></script> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <link rel="preconnect" href="https://assets.bwbx.io"> <link rel="stylesheet" href="https://assets.bwbx.io/font-service/css/AvenirNextMForBBG:400,400i,600,600i,700,700i%7COpenSans:400,400i,600,600i,700,700i/styled-font-face.css"> <link rel="stylesheet" href="https://fonts.googleapis.com/css2?family=Roboto+Slab:wght@400;700&display=swap"> <link rel="icon" type="image/ico" href="/favicon.ico"> <meta name="robots" content="all"> <meta name="viewport" content="viewport-fit=cover"> <meta charset="UTF-8"> <meta name="mobile-web-app-capable" content="yes"> <meta name="viewport" content="width=device-width, initial-scale=1, user-scalable=yes"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="twitter:dnt" content="on"> <meta name="twitter:widgets:csp" content="on"> <meta name="app" content="vite"> <title>Tax Exemption for Terrorist-Linked Groups Targeted by House (1)</title> <meta data-vue-meta="1" property="og:title" content="Tax Exemption for Terrorist-Linked Groups Targeted by House (1)"> <meta data-vue-meta="1" property="og:type" content="article"> <meta data-vue-meta="1" property="og:description" content="The House passed legislation Thursday that would enable the Treasury Department to revoke the tax-exempt status of US nonprofits that support designated foreign terrorist groups (H.R. 9495)."> <meta data-vue-meta="1" property="og:url" content="https://news.bloombergtax.com/daily-tax-report/house-votes-to-revoke-tax-exemption-for-terrorist-linked-groups"> <meta data-vue-meta="1" property="twitter:card" content="summary_large_image"> <meta data-vue-meta="1" property="twitter:site" content="@tax"> <meta data-vue-meta="1" property="twitter:title" content="Tax Exemption for Terrorist-Linked Groups Targeted by House (1)"> <meta data-vue-meta="1" property="twitter:description" content="The House passed legislation Thursday that would enable the Treasury Department to revoke the tax-exempt status of US nonprofits that support designated foreign terrorist groups (H.R. 9495)."> <meta data-vue-meta="1" name="description" content="The House passed legislation Thursday that would enable the Treasury Department to revoke the tax-exempt status of US nonprofits that support designated foreign terrorist groups (H.R. 9495)."> <meta data-vue-meta="1" property="og:image" content="https://news-cdn.bindg.com/indg/assets/news/images/Fallback-image.webp"> <meta data-vue-meta="1" property="twitter:image" content="https://news-cdn.bindg.com/indg/assets/news/images/Fallback-image.webp"> <link rel="stylesheet" href="https://news-cdn.bindg.com/indg/assets/news/tophat/that.css" nonce="tophat"> <link data-vue-meta="1" rel="canonical" href="https://news.bloombergtax.com/daily-tax-report/house-votes-to-revoke-tax-exemption-for-terrorist-linked-groups"> <script data-vue-meta="1" src="https://news-cdn.bindg.com/indg/assets/news/scripts/sourcepoint.js" async defer onload="window.loadSourcepoint(1002316,1002317)"></script> <script data-vue-meta="1" src="https://securepubads.g.doubleclick.net/tag/js/gpt.js" async defer></script> <script src="https://news-cdn.bindg.com/indg/assets/news/tophat/that.js" async defer nonce="tophat"></script> <script data-vue-meta="1" type="application/ld+json">{"@context":"https://schema.org","@type":"NewsArticle","headline":"Tax Exemption for Terrorist-Linked Groups Targeted by House (1)","datePublished":"2024-11-21T15:54:35Z","dateModified":"2024-11-21T17:15:37.167Z","image":["https://news-cdn.bindg.com/indg/assets/news/images/Fallback-image.webp"],"isAccessibleForFree":false,"author":[{"@type":"Person","name":"Zach C. Cohen","url":"Zachary_Cohen","email":"zcohen@bloombergindustry.com","jobTitle":"Reporter","image":"https://db0ip7zd23b50.cloudfront.net/dims4/default/dd589d8/2147483647/legacy_thumbnail/80x80%3E/quality/90/?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2Fd0%2Fbb%2F0fb31b2846bbb30a1670a2bcf5c9%2Fcohen.jpg"}],"url":"https://news.bloombergtax.com/daily-tax-report/house-votes-to-revoke-tax-exemption-for-terrorist-linked-groups","thumbnailUrl":"https://news-cdn.bindg.com/indg/assets/news/images/Fallback-image.webp","articleSection":"Daily Tax Report ®","creator":["Zach C. 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class="StandardArticle_headline_1B2M2">Tax Exemption for Terrorist-Linked Groups Targeted by House (1)</h1><div class="StandardArticle_byline_1B2M2"><p>By <a href="mailto:zcohen@bloombergindustry.com">Zach C. Cohen</a></p></div><!----></header><div class="StandardArticle_contributors_1B2M2"><div class="TheArticlePersonCard_card_1B2M2"><div class="TheArticlePersonCard_avatarAndInfo_1B2M2"><img src="https://db0ip7zd23b50.cloudfront.net/dims4/default/dd589d8/2147483647/legacy_thumbnail/80x80%3E/quality/90/?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2Fd0%2Fbb%2F0fb31b2846bbb30a1670a2bcf5c9%2Fcohen.jpg" alt="Zach C. Cohen" class="TheArticlePersonCard_avatar_1B2M2"><div class="TheArticlePersonCard_info_1B2M2"><div data-test="writers-name" class="TheArticlePersonCard_name_1B2M2"> Zach C. Cohen </div><div class="TheArticlePersonCard_position_1B2M2">Reporter</div></div></div><div class="TheArticlePersonCard_social_1B2M2"><a href="mailto:zcohen@bloombergindustry.com" class="TheArticlePersonCard_socialLink_1B2M2"><img src="https://news-cdn.bindg.com/indg/assets/icons/icon-email.svg" data-test="contributor-email-icon" title="Email Zach C. Cohen"></a><a href="https://twitter.com/Zachary_Cohen" class="TheArticlePersonCard_socialLink_1B2M2"><img src="https://news-cdn.bindg.com/indg/images/20_AUTO_icon-X-black.webp" srcset="https://news-cdn.bindg.com/indg/images/40_AUTO_icon-X-black.webp" data-test="contributor-twitter-icon" title="Tweet Zach C. Cohen" class="TheArticlePersonCard_twitterLink_1B2M2"></a></div></div></div></div><div data-test="article-page-body" class="StandardArticle_articlePageBody_1B2M2"><!----><article data-test="article-body" class="StandardArticle_articleCTA_1B2M2"><!----><div><div productCode="DTNW"><div data-test="article-text" class="QvNnGjy8J7gi ArticleBody_fullArticle_1B2M2"><div><p>The House passed legislation Thursday that would enable the Treasury Department to revoke the tax-exempt status of US nonprofits that support designated foreign terrorist groups (<bw-bill data-citation="HR 9495 118" data-id="00000191-dba4-dc40-a3f7-dbb4e9ad0000" data-bill-number="9495" class="congressional-bill" data-name="Stop Terror-Financing and Tax Penalties on American Hostages Act." data-designation="HR" data-congress-number="118">H.R. 9495</bw-bill>).</p><p>Most Republicans and over a dozen Democrats voted 219-184 to send the bill to the Senate after Democrats who feared a future Trump administration would target political enemies blocked quick consideration last week. Rep. Thomas Massie (Ky.) cast the lone GOP vote against the measure.</p><p>The bill would also postpone tax deadlines and suspend penalties for US nationals held hostage abroad. Legislation from Sen. 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