H.R. 8329: Form 990 Immigrant Resettlement Schedule Act

This bill, known as the Form 990 Immigrant Resettlement Schedule Act, proposes changes to the Internal Revenue Code that would affect how certain tax-exempt organizations report information regarding their activities related to the resettlement or relocation of noncitizens into the United States. Below are the key components of the bill:

Reporting Requirements

The legislation requires specific tax-exempt organizations to report the following information:

• The number of noncitizens assisted: Organizations must report the total number of individuals who are not U.S. citizens and who received assistance related to their lawful resettlement or relocation into the country.
• Enrollment in Federal benefit programs: They must also provide the total number of those noncitizens who were helped in enrolling or participating in any Federal benefit program. This includes any cash or in-kind assistance received through those programs.
• Nature of assistance: Organizations need to detail how they assisted these noncitizens, whether directly or indirectly, in their resettlement or in accessing Federal benefits.

Importantly, organizations are not required to provide any information that could be used to identify specific individuals in their reports.

Implementation Timeline

The amendments outlined in the bill would take effect for taxable years starting after December 31, 2026. This sets a clear timeline for organizations to prepare for the new reporting requirements.

Reporting to Congress

By December 31, 2028, the Secretary of the Treasury would need to compile and submit a statistical report to Congress. This report would summarize the aggregate information collected based on the new reporting rules established by this bill, and this would occur annually thereafter.

Purpose of the Bill

The bill aims to provide transparency regarding the activities of tax-exempt organizations that assist with the resettlement of noncitizens. By capturing and analyzing this data, Congress can better understand who is being served by these organizations and the scope of such resettlement activities.

Relevant Companies

None found