CONGRESS FOR VOTERS

DemocratBill · S. 5669· Senate(119-S-5669)

End Tax Breaks for Dark Money Act

Rep. Whitehouse
Age: 71 years
Rhode Island
Introduced
9/30/2026
Last activity
9/30/2026 — Read twice and referred to the Committee on Finance.
Sponsored by
Sheldon Whitehouse
Cosponsors
Democrat - 7Republican - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill is called the End Tax Breaks for Dark Money Act. It was introduced in the Senate on September 30, 2026. The bill changes how the Internal Revenue Code of 1986 treats certain transfers of property. Specifically, it treats transfers of appreciated property to certain tax-exempt organizations the same way it treats transfers to political organizations. The text applies these new rules to transfers made after the date of the Act's enactment.

Yes

  • Does this limit or expose the money behind campaigns?+7

    By ending certain tax advantages for transferring appreciated property to 501(c)(4), (5), and (6) organizations, the bill targets dark money contributions in politics.

  • Does this raise taxes on the highest earners?+6

    The bill treats transfers of appreciated property to certain tax-exempt organizations the same as political organizations, increasing tax liabilities on such transfers often utilized by high-earning donors.

  • Does this give the federal government more power?+3

    The legislation broadens federal tax enforcement and reporting rules regarding property transfers to certain tax-exempt organizations.

The opposite

  • Would high-income households be better off under this?-5

    High-income households and donors lose a tax-advantaged method of transferring appreciated property to certain tax-exempt organizations.

  • Would people with substantial wealth be better off under this?-5

    High-net-worth individuals face increased tax burdens when transferring appreciated property to specified 501(c) organizations.