To amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.
Latest action (1 Oct 2026): Introduced
What this bill does
H.R. 10651, introduced by Representative Judy Chu, proposes to change how certain transfers of appreciated property to tax-exempt organizations are treated under the Internal Revenue Code. Specifically, it aims to align this treatment with how similar transfers are handled when made to political organizations. The bill's title indicates its core purpose is to create parity in tax treatment for these specific types of property transfers.
The bill would affect individuals or entities who transfer appreciated property to certain tax-exempt organizations. It would also impact the tax-exempt organizations receiving such property. The exact scope of "certain tax-exempt organizations" and the specifics of how the tax treatment would change are not yet detailed, as the full text of the bill has not been published.
As of its introduction on October 1, 2026, H.R. 10651 is in the very early stages of the legislative process. It has been introduced in the House of Representatives and has not yet been scheduled for committee review or floor debate. For the bill to become law, it would need to pass both the House and the Senate in identical form and then be signed by the President.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on October 1, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10651 do?
- H.R. 10651, introduced by Representative Judy Chu, proposes to change how certain transfers of appreciated property to tax-exempt organizations are treated under the Internal Revenue Code. Specifically, it aims to align this treatment with how similar transfers are handled when made to political organizations. The bill's title indicates its core purpose is to create parity in tax treatment for these specific types of property transfers. The bill would affect individuals or entities who transfer appreciated property to certain tax-exempt organizations. It would also impact the tax-exempt organizations receiving such property. The exact scope of "certain tax-exempt organizations" and the specifics of how the tax treatment would change are not yet detailed, as the full text of the bill has not been published. As of its introduction on October 1, 2026, H.R. 10651 is in the very early stages of the legislative process. It has been introduced in the House of Representatives and has not yet been scheduled for committee review or floor debate. For the bill to become law, it would need to pass both the House and the Senate in identical form and then be signed by the President.
- Has H.R. 10651 become law?
- Not yet. As of 1 Oct 2026, H.R. 10651 is introduced.
- Who sponsored H.R. 10651?
- H.R. 10651 was sponsored by Rep. Judy Chu [D-CA28] (Democrat-CA), with 0 cosponsors.
- What's the latest action on H.R. 10651?
- Introduced (1 Oct 2026).
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