Sponsored by Claudia Tenney (R)
Stop Terror-Financing and Tax Penalties on American Hostages Act
Would have paused tax deadlines for Americans held abroad as hostages and refunded their penalties.
Tradeoff
Would have paused tax deadlines and refunded penalties for Americans held hostage or wrongfully detained abroad. Also would have stripped tax-exempt status from groups that support terrorist organizations.
What's in it
Negligible change in revenues and less than $500,000 in federal implementation costs over 2025-2029 (JCT and CBO estimates).
The small federal cost is administrative work to run the refund program and terrorism-designation procedures, while the bill's real effects fall on detained Americans seeking refunds and on organizations that could lose tax-exempt status for supporting terrorism.
The House passed it 219-184 on November 21, 2024, and the Senate never voted before the bill expired.
House
Introduced
(Sep 9, 2024)
House
Committee on Ways and Means(Sep 9, 2024)
House
The Committee on Ways and Means voted to send it to the floor
Reported 38 - 0(Sep 11, 2024)
Committee report H. Rept. 118-729.
House
On Motion to and Pass, as Amended
Failed(Roll #458 · Nov 12, 2024)
256 yeanay 145House
Passage of the bill
Passed(Roll #477 · Nov 21, 2024)
219 yeanay 184Senate
Received from the House
Received(Dec 2, 2024)
- David Kustoff (R-TN)
- Bradley Scott Schneider (D-IL)
- Dina Titus (D-NV)
- Nicole Malliotakis (R-NY)
Passage votes· Nov 21, 2024· 118th Congress · 2023–2025