To amend the Internal Revenue Code of 1986 to impose an excise tax on any tax-exempt organization which accepts any contribution which may be used to relocate property held by the organization if the relocation is contrary to the intent of the donor of the property.

Summary

Amends the Internal Revenue Code to impose an excise tax penalty on contributions received by a tax-exempt charitable organization used to relocate donated property contrary to the intent of the donor of such property. Allows an exemption from such penalty if a court determines that the relocation is the only viable alternative to preserve and protect the property.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 February 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 27 February 2007

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• Introduced in House

  summary · EN · 27 February 2007

  Open at official source

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