H.R. 6408, a bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations

January 29, 2024

Cost Estimate

As reported by the House Committee on Ways and Means on
December 19, 2023

At A Glance

H.R. 6408, a bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations As reported by the House Committee on Ways and Means on December 19, 2023
By Fiscal Year, Millions of Dollars			2024	2024-2028		2024-2033
Direct Spending (Outlays)			0	0		0
Revenues			*	*		*
Increase or Decrease (-) in the Deficit			*	*		*
Spending Subject to Appropriation (Outlays)			*	*		not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034?	No	Statutory pay-as-you-go procedures apply?			Yes
	No	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2034?	No	Contains intergovernmental mandate?			No
	No	Contains private-sector mandate?			No
* = between -$500,000 and $500,000.

Summary

H.R. 6408 would suspend the tax-exempt status of organizations that support terrorism. Under current law, an entity’s tax-exempt status is suspended if it is designated by the Department of State as a terrorist organization. H.R. 6408 would extend that prohibition to include organizations identified as having provided material support or resources to a terrorist or terrorist-supporting organization within the prior three years. The bill would establish procedures for the department to provide notice to those organizations, for organizations to refute the designation, and for designations to be rescinded.