,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fcig  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ag1 #bjah,mr4 
,posey introduced the following bill2   
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 establish a new status for certain     
tax-exempt organizations with           
administrative expenses not exceeding   
#be percent of contributions4  #a4      
,short title ,this ,act may be cited as 
the ,good ,incentives for ,vital        
,non-profit ,governance ,act or the     
,,giving ,act 4  #b4 ,establishment of a
 new status for certain tax-exempt      
organizations with administrative       
expenses not exceeding #be percent of   
contributions  7a7 ,in general ,section 
#eja of the ,internal ,revenue ,code of 
#aihf is amended by adding at the end   
the following new subsection3  7s7      
,administrative expenses management     
7#a7 ,in general ,any organization--    
7,a7 which is described in subsection   

7c77#c7 and exempt from tax under       
subsection 7a71 and  7,b7 the exempt    
purpose expenditures of which comprise  
at least #ge percent of the total       
expenditures of the organization for the
 taxable year1  may characterize itself 
as a #eja7;c77#c77;,a7 status           
organization4  7#b7 ,exempt purpose     
expenditures defined ,for purposes of   
this subsection-- 7,a7 ,in general ,the 
term exempt purpose expenditures means1 
with respect to any organization for any
 taxable year1 the total of the amount  
paid or incurred by such organization to
 accomplish purposes described in       
section #agj7;c77#b77;,b74  7,b7        
,certain amounts excluded ,the term     
exempt purpose expenditures does not    
include any administrative expenses4  4 
7b7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning more than #ahj days     
after the date of the enactment of this 
,act4