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United States · Bill · S

S. 2305 (98th)

A bill to amend the Internal Revenue Code of 1954 to make certain local organizations of police and firefighters exempt from taxation.

openUnited States· United States Congress· EN

Introduced

9 February 1984

Last action

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to grant tax-exempt status to local organizations of police officers and firefighters. Requires such an organization: (1) to be of a purely local character; (2) to have no part of its net earnings inure to the benefit of any private shareholder or individual; and (3) to receive its income solely from local governments, assessments on the salaries of members, members dues and contributions, fund-raising activities and investments.

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Documents

1 official file

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Sources

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