To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income.
Bill Summary
Exempts qualified religious institutions from paying a tax on their investment income. This means they won't have to pay a certain tax on the money they earn from investments.
Sponsored By
Bill Journey
- Jun 18, 2026
- Jun 18, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects qualified religious institutions, such as churches and charities, by potentially increasing their funding and resources. It would do this by reducing their tax burden, allowing them to keep more of the money they earn from investments.
Impact Areas
Support & Opposition
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.