Expanding application of tax on excess compensation within tax-exempt organizations
Title XI — Committee on Ways and Means, The One, Big, Beautiful Bill › Subtitle C — Make America Win Again › Part 1 — Working Families over Elites
Read this section in the full bill →
No wording changed between Passed the House and On the Senate calendar.
How the text changed
(a) In general Section 4960(c)(2) is amended to read as follows: (2) Covered employee For purposes of this section, the term covered employee means any employee (including any former employee) of an applicable tax-exempt organization.. (b) Effective date The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2025.
(a) In general Section 4960(c)(2) is amended to read as follows: (2) Covered employee For purposes of this section, the term covered employee means any employee (including any former employee) of an applicable tax-exempt organization.. (b) Effective date The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2025.
added wordsremoved wordsComparison computed by Public Law Tracker from the official text