[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10148 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                               H. R. 10148

  To amend the Internal Revenue Code of 1986 to clarify that certain 
exemptions from Federal income tax are not treated as Federal financial 
                              assistance.


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                    IN THE HOUSE OF REPRESENTATIVES

                            August 24, 2026

Mr. Steube (for himself and Ms. DelBene) 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 clarify that certain 
exemptions from Federal income tax are not treated as Federal financial 
                              assistance.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safeguarding America's Nonprofits 
Act''.

SEC. 2. CERTAIN EXEMPTIONS FROM FEDERAL INCOME TAX NOT TREATED AS 
              FEDERAL FINANCIAL ASSISTANCE.

    (a) In General.--Section 501 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
    ``(s) Certain Exemptions Not Treated as Federal Financial 
Assistance.--In the case of any organization described in subsection 
(c) or (d) or any organization described in section 401(a), for 
purposes of any Federal law, rule, or regulation, unless explicitly 
provided otherwise, the term `Federal financial assistance', or any 
other term referring to assistance provided by the Federal Government, 
shall not include any exemption from the taxes imposed by this 
subtitle.''.
    (b) Rule of Construction.--Nothing in this section or the 
amendments made by this section shall be construed to imply that an 
exemption from Federal income taxes under section 501(a) of the 
Internal Revenue Code of 1986 constituted assistance from the Federal 
Government for periods before the date of the enactment of this Act.
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