Sec. 112020. Expanding application of tax on excess compensation within tax-exempt organizations
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/bill/119/hr/1/eh/section-112020·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 4960(c)(2) is amended to read as follows: For purposes of this section, the term covered employee means any employee (including any former employee) of an applicable tax-exempt organization. . The amendment made by subsection
(a)shall apply to taxable years beginning after December 31, 2025.