To amend the Internal Revenue Code of 1986 to deny the trade or business expense deduction for the reimbursement of employee costs of child gender transition procedure or travel to obtain an abortion.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the No Tax Breaks for Radical Corporate Activism Act of 2023 and requires denial of deduction Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (s) as subsection (t), and by inserting after subsection (r) the following new subsection. It relies on tax rate changes, definition changes, tax deductions, and compliance mandates. The main policy areas are Transportation, Finance, Housing, and Healthcare.
Who Benefits and How
Transportation operators and users affected by the bill could gain revenue opportunities, Businesses and employers affected by the bill could face reduced risk, and Patients and health care consumers affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the No Tax Breaks for Radical Corporate Activism Act of 2023.
- Requires denial of deduction Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (s) as subsection (t), and by inserting after subsection (r) the following new subsection...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the No Tax Breaks for Radical Corporate Activism Act of 2023 and requires denial of deduction Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (s) as subsection (t), and by inserting after subsection (r) the following new subsection.
Key Policy Areas
Transportation, Finance, Housing, Healthcare
Primary Purpose
The bill creates short title This Act may be cited as the No Tax Breaks for Radical Corporate Activism Act of 2023 and requires denial of deduction Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (s) as subsection (t), and by inserting after subsection (r) the following new subsection.
Policy Domains
Whole bill
Identified Gains
- Transportation operators and users affected by the bill
- Businesses and employers affected by the bill
- Patients and health care consumers affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Marco Rubio
R-FL | Primary Sponsor
Legislative Progress
IntroducedMr. Rubio (for himself and Mr. Daines) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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