End Tax Breaks for Dark Money Act

HR 7244, the "End Tax Breaks for Dark Money Act," eliminates tax exemptions for political groups and certain nonprofits when they receive property that has increased in value (like stocks or real estate). It targets organizations that accept anonymous donations ("dark money") by removing their ability to avoid capital gains tax on such property transfers. The bill amends the tax code to require these groups to pay tax on the appreciated value when receiving property, rather than allowing them to bypass capital gains tax. This change directly affects political organizations under Section 527 and specific nonprofits under Section 501(c), applying to transfers after the bill's enactment.