Der Alte
09-15-2003, 06:12 PM
Quote[/b] ]ISSUE: In the post-9/11 world, it seems ironic that the
same non-profit labeled by the State Department as a
Terrorist Organization could still claim tax-exemptions
from the IRS.
But Congressman Bob Beauprez (R-CO) recently discovered
the irony and has introduced legislation in the House
of Representatives to close a loophole in current law
and suspend the tax-exempt status of terrorist
organizations.
"Fighting the War on Terror means fighting on all
fronts," Beauprez said. "This bill adds an arrow to
our quiver and stops foreign terrorists from taking
advantage of American charities."
As introduced, the "Terrorist Tax Exemption Suspension
Act of 2003" (HR 3002) would amend the Internal Revenue
Code of 1986 to suspend the tax-exempt status of
"designated foreign terrorist groups". Designated foreign
terrorist groups are those identified either through
the Immigration and Nationality Act or by executive
order.
Currently, the Internal Revenue Service revokes an
organization's tax-exempt status only after it has
conducted an examination of the organization, issued a
letter proposing revocation to the organization and
allowed the organization to exhaust the administrative
appeal process. If the organization is designated
501©(3), then the revocation is immediately subject
to judicial review under section 7428.
Since the Federal government investigates organizations
before putting them on the terrorist list, a separate
IRS examination is redundant.
Under the bill, tax-exempt status would be suspended from
the day a group is identified until its designation is
rescinded. If it turns out that an organization has been
erroneously labeled as a terrorist organization, then the
organization will be issued a refund with interest.
ACTION ITEM: Once again, we need to see common sense
prevail on Capitol Hill... but all too often, that means
our Congressmen need to hear from a LOT of us before they
take action. There are currently NO co-sponsors on this
bill, and it's stuck in House Ways & Means committee!
Go to our site below to send a FREE editable, pre-written
message to your Representative, asking him or her to support
HR 3002, the "Terrorist Tax Exemption Suspension Act of
2003":
http://www.conservativealer ts.com/091503.htm
<a href="http://www.conservativealer ts.com/091503.htm"> AOL GO HERE </a>
NOTE: Be sure to forward this e-mail to everyone you know
who wants to help force some common sense legislation through,
and end the tax-exempt status for terrorist "charities".
Thank you!
Time, once again, to take action.
same non-profit labeled by the State Department as a
Terrorist Organization could still claim tax-exemptions
from the IRS.
But Congressman Bob Beauprez (R-CO) recently discovered
the irony and has introduced legislation in the House
of Representatives to close a loophole in current law
and suspend the tax-exempt status of terrorist
organizations.
"Fighting the War on Terror means fighting on all
fronts," Beauprez said. "This bill adds an arrow to
our quiver and stops foreign terrorists from taking
advantage of American charities."
As introduced, the "Terrorist Tax Exemption Suspension
Act of 2003" (HR 3002) would amend the Internal Revenue
Code of 1986 to suspend the tax-exempt status of
"designated foreign terrorist groups". Designated foreign
terrorist groups are those identified either through
the Immigration and Nationality Act or by executive
order.
Currently, the Internal Revenue Service revokes an
organization's tax-exempt status only after it has
conducted an examination of the organization, issued a
letter proposing revocation to the organization and
allowed the organization to exhaust the administrative
appeal process. If the organization is designated
501©(3), then the revocation is immediately subject
to judicial review under section 7428.
Since the Federal government investigates organizations
before putting them on the terrorist list, a separate
IRS examination is redundant.
Under the bill, tax-exempt status would be suspended from
the day a group is identified until its designation is
rescinded. If it turns out that an organization has been
erroneously labeled as a terrorist organization, then the
organization will be issued a refund with interest.
ACTION ITEM: Once again, we need to see common sense
prevail on Capitol Hill... but all too often, that means
our Congressmen need to hear from a LOT of us before they
take action. There are currently NO co-sponsors on this
bill, and it's stuck in House Ways & Means committee!
Go to our site below to send a FREE editable, pre-written
message to your Representative, asking him or her to support
HR 3002, the "Terrorist Tax Exemption Suspension Act of
2003":
http://www.conservativealer ts.com/091503.htm
<a href="http://www.conservativealer ts.com/091503.htm"> AOL GO HERE </a>
NOTE: Be sure to forward this e-mail to everyone you know
who wants to help force some common sense legislation through,
and end the tax-exempt status for terrorist "charities".
Thank you!
Time, once again, to take action.