S 497 · 119th Congress

FENCE Act

The FENCE Act changes the rules for which organizations can get tax-exempt status as charitable nonprofits. Right now, organizations that qualify as 501(c)(3) nonprofits get special tax benefits—they don't pay federal income taxes and donations to them are tax-deductible. This bill adds a new requirement: to keep or…

Sponsor

Hagerty, Bill (R-Tennessee)

Introduced

2025-02-10

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.