Author: United States Congress Commi Oversight

Publisher:

Published: 2015-08-05

Total Pages: 24

ISBN-13: 9781332290321

Excerpt from Lobbying and Political Activities of Tax-Exempt Organizations: Scheduled for Hearings Before the Subcommittee on Oversight of the Committee on Ways and Means on March 12 and 13, 1987 The Subcommittee on Oversight of the House Committee on Ways and Means has scheduled public hearings on March 12 and 13, 1987, to review the Federal tax rules applicable to the lobbying and political activities of tax-exempt organizations. This pamphlet provides a description of those rules under present law. Rules for Lobbying and Political Activities of Different Types of Tax-Exempt Organizations (Part I) Present law provides twenty-five different categories of organizations which generally are exempt from Federal income tax. Part I of this pamphlet describes the rules governing the amount of lobbying and political activity of such organizations, without attempting to define what activities are treated as lobbying or political activities. Rules relating to charitable, religious, scientific, etc. organizations. Present law generally provides that a charitable organization for which deductions are allowed for Federal income tax purposes cannot engage in any political activity and cannot engage in more than an insignificant amount of lobbying activity. Present law also provides rules under which certain organizations described in section 501(c)(3), other than private foundations, can elect to have the determination of the amounts that can be expended for lobbying purposes made under an objective formula (sec.501(h)). Further, present law provides special rules restricting lobbying and political activity by private foundations. Other exempt organizations. - In the case of exempt organizations for which charitable deductions for contributions are not allowed for Federal income tax purposes, the rules are much less restrictive. In some cases, both lobbying and political activities are allowed so long as those activities are not the principal activity of the organization. Business deductions for expenditures for lobbying or political activity. - Present law generally disallows business deductions for amounts spent for political activity and limits deductions for lobbying to expenditures for communications directly with a legislature regarding legislation that directly affects the taxpayer (sec. 162(e)). About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.