Terrorist Tax Exemption Suspension Act of 2003

H.R. 3002, the Terrorist Tax Exemption Suspension Act of 2003, would allow the federal government to immediately suspend the tax-exempt status of any organization officially designated as a terrorist entity. Under this bill, individuals and businesses would be prohibited from claiming tax deductions for any donations made to these organizations. Additionally, the bill limits the ability of these groups to challenge their tax suspension in court unless the original terrorist designation is proven to be an error, in which case a refund of taxes paid could be issued.