Title 26 — Internal Revenue Code
Part VI · Chapter 1 — Normal Taxes and Surtaxes
§ 527. Political organizations
Statutory text
General rule
A political organization shall be subject to taxation under this subtitle only to the extent provided in this section. A political organization shall be considered an organization exempt from income taxes for the purpose of any law which refers to organizations exempt from income taxes.
Tax imposed
A tax is hereby imposed for each taxable year on the political organization taxable income of every political organization. Such tax shall be computed by multiplying the political organization taxable income by the highest rate of tax specified in section 11(b).
Political organization taxable income defined
Taxable income defined
For purposes of this section, the political organization taxable income of any organization for any taxable year is an amount equal to the excess (if any) of—
the gross income for the taxable year (excluding any exempt function income), over
the deductions allowed by this chapter which are directly connected with the production of the gross income (excluding exempt function income), computed with the modifications provided in paragraph (2).
Modifications
For purposes of this subsection—
there shall be allowed a specific deduction of $100,
no net operating loss deduction shall be allowed under section 172, and
no deduction shall be allowed under part VIII of subchapter B (relating to special deductions for corporations).
Exempt function income
For purposes of this subsection, the term “exempt function income” means any amount received as—
a contribution of money or other property,
membership dues, a membership fee or assessment from a member of the political organization,
proceeds from a political fundraising or entertainment event, or proceeds from the sale of political campaign materials, which are not received in the ordinary course of any trade or business, or
proceeds from the conducting of any bingo game (as defined in section 513(f)(2)),
to the extent such amount is segregated for use only for the exempt function of the political organization.
Certain uses not treated as income to candidate
For purposes of this title, if any political organization—
contributes any amount to or for the use of any political organization which is treated as exempt from tax under subsection (a) of this section,
contributes any amount to or for the use of any organization described in paragraph (1) or (2) of section 509(a) which is exempt from tax under section 501(a), or
deposits any amount in the general fund of the Treasury or in the general fund of any State or local government,
such amount shall be treated as an amount not diverted for the personal use of the candidate or any other person. No deduction shall be allowed under this title for the contribution or deposit of any amount described in the preceding sentence.
Other definitions
For purposes of this section—
Political organization
The term “political organization” means a party, committee, association, fund, or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function.
Exempt function
The term “exempt function” means the function of influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any Federal, State, or local public office or office in a political organization, or the election of Presidential or Vice-Presidential electors, whether or not such individual or electors are selected, nominated, elected, or appointed. Such term includes the making of expenditures relating to an office described in the preceding sentence which, if incurred by the individual, would be allowable as a deduction under section 162(a).
Contributions
The term “contributions” has the meaning given to such term by section 271(b)(2).
Expenditures
The term “expenditures” has the meaning given to such term by section 271(b)(3).
Qualified State or local political organization
In general
The term “qualified State or local political organization” means a political organization—
all the exempt functions of which are solely for the purposes of influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any State or local public office or office in a State or local political organization,
which is subject to State law that requires the organization to report (and it so reports)—
information regarding each separate expenditure from and contribution to such organization, and
information regarding the person who makes such contribution or receives such expenditure,
which would otherwise be required to be reported under this section, and
with respect to which the reports referred to in clause (ii) are (I) made public by the agency with which such reports are filed, and (II) made publicly available for inspection by the organization in the manner described in section 6104(d).
Certain State law differences disregarded
An organization shall not be treated as failing to meet the requirements of subparagraph (A)(ii) solely by reason of 1 or more of the following:
The minimum amount of any expenditure or contribution required to be reported under State law is not more than $300 greater than the minimum amount required to be reported under subsection (j).
The State law does not require the organization to identify 1 or more of the following:
The employer of any person who makes contributions to the organization.
The occupation of any person who makes contributions to the organization.
The employer of any person who receives expenditures from the organization.
The occupation of any person who receives expenditures from the organization.
The purpose of any expenditure of the organization.
The date any contribution was made to the organization.
The date of any expenditure of the organization.
De minimis errors
An organization shall not fail to be treated as a qualified State or local political organization solely because such organization makes de minimis errors in complying with the State reporting requirements and the public inspection requirements described in subparagraph (A) as long as the organization corrects such errors within a reasonable period after the organization becomes aware of such errors.
Participation of Federal candidate or office holder
The term “qualified State or local political organization” shall not include any organization otherwise described in subparagraph (A) if a candidate for nomination or election to Federal elective public office or an individual who holds such office—
controls or materially participates in the direction of the organization,
solicits contributions to the organization (unless the Secretary determines that such solicitations resulted in de minimis contributions and were made without the prior knowledge and consent, whether explicit or implicit, of the organization or its officers, directors, agents, or employees), or
directs, in whole or in part, disbursements by the organization.
Exempt organization, which is not political organization, must include certain amounts in gross income
In general
If an organization described in section 501(c) which is exempt from tax under section 501(a) expends any amount during the taxable year directly (or through another organization) for an exempt function (within the meaning of subsection (e)(2)), then, notwithstanding any other provision of law, there shall be included in the gross income of such organization for the taxable year, and shall be subject to tax under subsection (b) as if it constituted political organization taxable income, an amount equal to the lesser of—
the net investment income of such organization for the taxable year, or
the aggregate amount so expended during the taxable year for such an exempt function.
Net investment income
For purposes of this subsection, the term “net investment income” means the excess of—
the gross amount of income from interest, dividends, rents, and royalties, plus the excess (if any) of gains from the sale or exchange of assets over the losses from the sale or exchange of assets, over
the deductions allowed by this chapter which are directly connected with the production of the income referred to in subparagraph (A).
For purposes of the preceding sentence, there shall not be taken into account items taken into account for purposes of the tax imposed by section 511 (relating to tax on unrelated business income).
Certain separate segregated funds
For purposes of this subsection and subsection (e)(1), a separate segregated fund (within the meaning of section 610 of title 18 or of any similar State statute, or within the meaning of any State statute which permits the segregation of dues moneys for exempt functions (within the meaning of subsection (e)(2))) which is maintained by an organization described in section 501(c) which is exempt from tax under section 501(a) shall be treated as a separate organization.
Treatment of newsletter funds
In general
For purposes of this section, a fund established and maintained by an individual who holds, has been elected to, or is a candidate (within the meaning of paragraph (3)) for nomination or election to, any Federal, State, or local elective public office, for use by such individual exclusively for the preparation and circulation of such individual’s newsletter shall, except as provided in paragraph (2), be treated as if such fund constituted a political organization.
Additional modifications
In the case of any fund described in paragraph (1)—
the exempt function shall be only the preparation and circulation of the newsletter, and
the specific deduction provided by subsection (c)(2)(A) shall not be allowed.
Candidate
For purposes of paragraph (1), the term “candidate” means, with respect to any Federal, State, or local elective public office, an individual who—
publicly announces that he is a candidate for nomination or election to such office, and
meets the qualifications prescribed by law to hold such office.
Special rule for principal campaign committees
In general
In the case of a political organization, which is a principal campaign committee, paragraph (1) of subsection (b) shall be applied by substituting “the appropriate rates” for “the highest rate”.
Principal campaign committee defined
In general
For purposes of this subsection, the term “principal campaign committee” means the political committee designated by a candidate for Congress as his principal campaign committee for purposes of—
section 302(e) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30102(e)), and
this subsection.
Designation
A candidate may have only 1 designation in effect under subparagraph (A)(ii) at any time and such designation—
shall be made at such time and in such manner as the Secretary may prescribe by regulations, and
once made, may be revoked only with the consent of the Secretary.
Nothing in this subsection shall be construed to require any designation where there is only one political committee with respect to a candidate.
Organizations must notify Secretary that they are section 527 organizations
In general
Except as provided in paragraph (5), an organization shall not be treated as an organization described in this section—
unless it has given notice to the Secretary electronically that it is to be so treated, or
if the notice is given after the time required under paragraph (2), the organization shall not be so treated for any period before such notice is given or, in the case of any material change in the information required under paragraph (3), for the period beginning on the date on which the material change occurs and ending on the date on which such notice is given.
Time to give notice
The notice required under paragraph (1) shall be transmitted not later than 24 hours after the date on which the organization is established or, in the case of any material change in the information required under paragraph (3), not later than 30 days after such material change.
Contents of notice
The notice required under paragraph (1) shall include information regarding—
the name and address of the organization (including any business address, if different) and its electronic mailing address,
the purpose of the organization,
the names and addresses of its officers, highly compensated employees, contact person, custodian of records, and members of its Board of Directors,
the name and address of, and relationship to, any related entities (within the meaning of section 168(h)(4)),
whether the organization intends to claim an exemption from the requirements of subsection (j) or section 6033, and
such other information as the Secretary may require to carry out the internal revenue laws.
Effect of failure
In the case of an organization failing to meet the requirements of paragraph (1) for any period, the taxable income of such organization shall be computed by taking into account any exempt function income (and any deductions directly connected with the production of such income) or, in the case of a failure relating to a material change, by taking into account such income and deductions only during the period beginning on the date on which the material change occurs and ending on the date on which notice is given under this subsection. For purposes of the preceding sentence, the term “exempt function income” means any amount described in a subparagraph of subsection (c)(3), whether or not segregated for use for an exempt function.
Exceptions
This subsection shall not apply to any organization—
to which this section applies solely by reason of subsection (f)(1),
which reasonably anticipates that it will not have gross receipts of $25,000 or more for any taxable year, or
which is a political committee of a State or local candidate or which is a State or local committee of a political party.
Coordination with other requirements
This subsection shall not apply to any person required (without regard to this subsection) to report under the Federal Election Campaign Act of 1971 (52 U.S.C. 30101 et seq.) as a political committee.
Required disclosure of expenditures and contributions
Penalty for failure
In the case of—
a failure to make the required disclosures under paragraph (2) at the time and in the manner prescribed therefor, or
a failure to include any of the information required to be shown by such disclosures or to show the correct information,
there shall be paid by the organization an amount equal to the rate of tax specified in subsection (b)(1) multiplied by the amount to which the failure relates. For purposes of subtitle F, the amount imposed by this paragraph shall be assessed and collected in the same manner as penalties imposed by section 6652(c).
Required disclosure
A political organization which accepts a contribution, or makes an expenditure, for an exempt function during any calendar year shall file with the Secretary either—
in the case of a calendar year in which a regularly scheduled election is held—
quarterly reports, beginning with the first quarter of the calendar year in which a contribution is accepted or expenditure is made, which shall be filed not later than the fifteenth day after the last day of each calendar quarter, except that the report for the quarter ending on December 31 of such calendar year shall be filed not later than January 31 of the following calendar year,
a pre-election report, which shall be filed not later than the twelfth day before (or posted by registered or certified mail not later than the fifteenth day before) any election with respect to which the organization makes a contribution or expenditure, and which shall be complete as of the twentieth day before the election, and
a post-general election report, which shall be filed not later than the thirtieth day after the general election and which shall be complete as of the twentieth day after such general election, and
in the case of any other calendar year, a report covering the period beginning January 1 and ending June 30, which shall be filed no later than July 31 and a report covering the period beginning July 1 and ending December 31, which shall be filed no later than January 31 of the following calendar year, or
monthly reports for the calendar year, beginning with the first month of the calendar year in which a contribution is accepted or expenditure is made, which shall be filed not later than the twentieth day after the last day of the month and shall be complete as if the last day of the month, except that, in lieu of filing the reports otherwise due in November and December of any year in which a regularly scheduled general election is held, a pre-general election report shall be filed in accordance with subparagraph (A)(i)(II), a post-general election report shall be filed in accordance with subparagraph (A)(i)(III), and a year end report shall be filed not later than January 31 of the following calendar year.
Contents of report
A report required under paragraph (2) shall contain the following information:
The amount, date, and purpose of each expenditure made to a person if the aggregate amount of expenditures to such person during the calendar year equals or exceeds $500 and the name and address of the person (in the case of an individual, including the occupation and name of employer of such individual).
The name and address (in the case of an individual, including the occupation and name of employer of such individual) of all contributors which contributed an aggregate amount of $200 or more to the organization during the calendar year and the amount and date of the contribution.
Any expenditure or contribution disclosed in a previous reporting period is not required to be included in the current reporting period.
Contracts to spend or contribute
For purposes of this subsection, a person shall be treated as having made an expenditure or contribution if the person has contracted or is otherwise obligated to make the expenditure or contribution.
Coordination with other requirements
This subsection shall not apply—
to any person required (without regard to this subsection) to report under the Federal Election Campaign Act of 1971 (52 U.S.C. 30101 et seq.) as a political committee,
to any State or local committee of a political party or political committee of a State or local candidate,
to any organization which is a qualified State or local political organization,
to any organization which reasonably anticipates that it will not have gross receipts of $25,000 or more for any taxable year,
to any organization to which this section applies solely by reason of subsection (f)(1), or
with respect to any expenditure which is an independent expenditure (as defined in section 301 of such Act).
Election
For purposes of this subsection, the term “election” means—
a general, special, primary, or runoff election for a Federal office,
a convention or caucus of a political party which has authority to nominate a candidate for Federal office,
a primary election held for the selection of delegates to a national nominating convention of a political party, or
a primary election held for the expression of a preference for the nomination of individuals for election to the office of President.
Electronic filing
Any report required under paragraph (2) with respect to any calendar year shall be filed in electronic form.
Public availability of notices and reports
In general
The Secretary shall make any notice described in subsection (i)(1) or report described in subsection (j)(7) available for public inspection on the Internet not later than 48 hours after such notice or report has been filed (in addition to such public availability as may be made under section 6104(d)(7)).
Access
The Secretary shall make the entire database of notices and reports which are made available to the public under paragraph (1) searchable by the following items (to the extent the items are required to be included in the notices and reports):
Names, States, zip codes, custodians of records, directors, and general purposes of the organizations.
Entities related to the organizations.
Contributors to the organizations.
Employers of such contributors.
Recipients of expenditures by the organizations.
Ranges of contributions and expenditures.
Time periods of the notices and reports.
Such database shall be downloadable.
Authority to waive
The Secretary may waive all or any portion of the—
tax assessed on an organization by reason of the failure of the organization to comply with the requirements of subsection (i), or
amount imposed under subsection (j) for a failure to comply with the requirements thereof,
on a showing that such failure was due to reasonable cause and not due to willful neglect.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 93–625 § 10(a) · 88 Stat. 2108
Enacted · 26 U.S.C. § 527
Added Pub. L. 93–625, § 10(a), Jan. 3, 1975, 88 Stat. 2116
Source evidence
Code source credit
Added Pub. L. 93–625, § 10(a), Jan. 3, 1975, 88 Stat. 2116Enacted provision · exact public law section
26 USC 527.(a) General Rule.— Subchapter F of chapter 1 (relating to exempt organizations) is amended by adding at the end thereof the following new part: “PART VI— POLITICAL ORGANIZATIONS “Sec. 527. Political Organizations. 26 USC 11.“SEC. 527. POLITICAL ORGANIZATIONS. (a) General Rule.— A political organization shall be subject to taxation under this subtitle only to the extent provided in this section. A political organization shall be considered an organization exempt from income taxes for the purpose of any law which refers to organizations exempt from income taxes. “(b) Tax Imposed.— “(1) In general.— A tax is hereby imposed for each taxable year on the political organization taxable income of every political organization. Such tax shall consist of a normal tax and surtax 26 USC 11. computed as provided in section 11 as though the political organization were a corporation and as though the political organization taxable income were the taxable income referred to in section 11. For purposes of this subsection, the surtax exemption 26 USC 1201. provided by section 11(d) shall not be allowed. “(2) Alternative tax in case of capital gains.— If for any taxable year any political organization has a net section 1201 gain, 26 USC 172. then, in lieu of the tax imposed by paragraph (1), there is hereby imposed a tax (if such a tax is less than the tax imposed by paragraph (1)) which shall consist of the stun of— “(A) a partial tax, computed as provided by paragraph (1), on the political organization taxable income determined by reducing such income by the amount of such gain, and “(B) an amount determined as provided in section 1201 (a) on such gain. “(c) Political Organization Taxable Income Defined.— “(1) Taxable income defined.— For purposes of this section, the political organization taxable income of any organization for any taxable year is an amount equal to the excess (if any) of— “(A) the gross income for the taxable year (excluding any exempt function income), over “(B) the deductions allowed by this chapter which are directly connected with the production of the gross income (excluding exempt function income), computed with the modifications provided in paragraph (2). “(2) Modifications.— For purposes of this subsection— “(A) there shall be allowed a specific deduction of $100, “(B) no net operating loss deduction shall be allowed under section 172, and 26 USC 241. “(C) no deduction shall be allowed under part VIII of subchapter B (relating to special deductions for corporations). “(3) Exempt function income.— For purposes of this subsection, the term ‘exempt function income’ means any amount “Exempt function income.” received as— “(A) a contribution of money or other property, “(B) membership dues, a membership fee or assessment from a member of the political organization, or “(C) proceeds from a political fundraising or entertainment event, or proceeds from the sale of political campaign materials, which are not received in the ordinary course of any trade or business, to the extent such amount is segregated for use only for the exempt function of the political organization. “(d) Certain Uses Not Treated as Income to Candidate.— For purposes of this title, if any political organization— “(1) contributes any amount to or for the use of any political organization which is treated as exempt from tax under subsection (a) of this section, “(2) contributes any amount to or for the use of any organization described in paragraph (1) or (2) of section 509(a) which is 26 USC 509. exempt from tax under section 501 (a), or 26 USC 501. “(3) deposits any amount in the general fund of the Treasury or in the general fund of any State or local government, such amount shall be treated as an amount not diverted for the personal use of the candidate or any other person. No deduction shall be allowed under this title for the contribution or deposit of any amount described in the preceding sentence. “(e) Other Definitions.— For purposes of this section— “(1) Political organization.— The term ‘political organization’ means a party, committee, association, fund, or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function. “(2) Exempt function.— The term ‘exempt function’ means the function of influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any Federal, State, or local public office or office in a political organization, or the election of Presidential or Vice-Presidential electors, whether or not such individual or electors are selected, nominated, elected, or appointed. “(3) Contributions.— The term ‘contributions’ has the meaning 26 USC 271. given to such term by section 271 (b) (2). “(4) Expenditures.— The term ‘expenditures’ has the meaning given to such term by section 271(b) (3). “(f) Exempt Organization Which Is Not Political Organization Must Include Certain Amounts in Gross Income.— “(1) In general.— If an organization described in section 26 USC 501. 501(c) which is exempt from tax under section 501(a) expends any amount during the taxable year directly (or through another organization) for an exempt function (within the meaning of subsection (e) (2)), then, notwithstanding any other provision of law, there shall be included in the gross income of such organization for the taxable year, and shall be subject to tax under subsection (b) as if it constituted political organization taxable income, an amount equal to the lesser of— “(A) the net investment income of such organization for the taxable year, or “(B) the aggregate amount so expended during the taxable year for such an exempt function. “Net investment income.”“(2) Net investment income.— For purposes of this subsection, the term ‘net investment income’ means the excess of— “(A) the gross amount of income from interest, dividends, rents, and royalties, plus the excess (if any) of gains from the sale or exchange of assets over the losses from the sale or exchange of assets, over “(B) the deductions allowed by this chapter which are directly connected with the production of the income referred to in subparagraph (A). For purposes of the preceding sentence, there shall not be taken into account items taken into account for purposes of the tax 26 USC 511. imposed by section 511 (relating to tax on unrelated business income). “(3) Certain separate segregated funds.— For purposes of this subsection and subsection (e) (1), a separate segregated fund (within the meaning of section 610 of title 18 or of any similar State statute, or within the meaning of any State statute which permits the segregation of dues moneys for exempt functions (within the meaning of subsection (e) (2))) which is maintained 26 USC 501. by an organization described in section 501 (c) which is exempt from tax under section 501(a) shall be treated as a separate organization. “(g) Treatment of Newsletter Funds.— “(1) In general.— For purposes of this section, a fund established and maintained by an individual who holds, has been elected to, or is a candidate (within the meaning of section 41(c) 26 USC 41. (2)) for nomination or election to, any Federal, State, or local elective public office for use by such individual exclusively for the preparation and circulation of such individual’s newsletter shall, except as provided in paragraph (2), be treated as if such fund constituted a political organization. “(2) Additional modifications.— In the case of any fund described in paragraph (1)— “(A) the exempt function shall be only the preparation and circulation of the newsletter, and “(B) the specific deduction provided by subsection (c) (2) (A) shall not be allowed.”Pub. L. 94–455 title XIX § 1901(b)(33)(C) · 90 Stat. 1520
Substituted · 26 U.S.C. § 527(b)(2)
Pub. L. 94–455 substituted “net capital gain” for “net section 1201 gain” after “organization has a”
Source evidence
Code amendment note
Subsec. (b)(2). Pub. L. 94–455 substituted “net capital gain” for “net section 1201 gain” after “organization has a”.Enacted provision · exact public law section
(C) Section 527(b)(2) is amended by striking out “net 26 USC 527. section 1201 gain” and inserting in lieu thereof “net capital gain”.Pub. L. 95–502 title III § 302(a) · 92 Stat. 1693
Added · 26 U.S.C. § 527(c)(3)(D)
Pub. L. 95–502 added subpar. (D)
Source evidence
Code amendment note
Subsec. (c)(3)(D). Pub. L. 95–502 added subpar. (D).Enacted provision · exact public law section
(a) Paragraph (3) of section 527(c) of the Internal Revenue 26 USC 527. Code of 1954 (defining exempt function income) is amended by striking out “or” at the end of subparagraph (B), by adding “or” at the end of subparagraph (C), and by inserting after subparagraph (C) the following new subparagraph: “(D) proceeds from the conducting of any bingo game (as defined in section 513(f)(2)),”.Pub. L. 95–600 title III § 301(b)(6) · 92 Stat. 2763
Substituted · 26 U.S.C. § 527(b)(1)
Pub. L. 95–600 substituted “Such tax shall be computed by multiplying the political organization taxable income by the highest rate of tax specified in section 11(b)” for “Such tax shall consist of a normal tax and a surtax computed as provided in section 11 as though the political organization were a corporation and as though the political organization taxable income were the taxable income referred to in section 11”
Struck · 26 U.S.C. § 527(b)(1)
Pub. L. 95–600 struck out provision that for purposes of this subsection, the surtax exemption provided by section 11(d) not be allowed
Source evidence
Code amendment note
Subsec. (b)(1). Pub. L. 95–600 substituted “Such tax shall be computed by multiplying the political organization taxable income by the highest rate of tax specified in section 11(b)” for “Such tax shall consist of a normal tax and a surtax computed as provided in section 11 as though the political organization were a corporation and as though the political organization taxable income were the taxable income referred to in section 11” and struck out provision that for purposes of this subsection, the surtax exemption provided by section 11(d) not be allowed.Enacted provision · exact public law section
(6) Political organizations.— Paragraph (1) of section 527(b) 26 USC 527. (relating to tax imposed) is amended to read as follows: “(1) In general.— A tax is hereby imposed for each taxable year on the political organization taxable income of every political organization. Such tax shall be computed by multiplying the political organization taxable income by the highest rate of tax specified in section 11(b).” Ante, p. 2820.Economic Recovery Tax Act of 1981
Pub. L. 97–34 title I § 128(a) · 95 Stat. 175
Added · 26 U.S.C. § 527(h)
Pub. L. 97–34 added subsec. (h)
Source evidence
Code amendment note
Subsec. (h). Pub. L. 97–34 added subsec. (h).Enacted provision · exact public law section
(a) In General.— Section 527 (relating to political organizations) is 26 USC 527. amended by adding at the end thereof the following new subsection: “(h) Special Rule for Principal Campaign Committees.— “(1) In general.— In the case of a political organization which is a principal campaign committee, paragraph (1) of subsection (b) shall be applied by substituting ‘the appropriate rates’ for ‘the highest rate’. “(2) Principal campaign committee defined.— “(A) In general.— For purposes of this subsection, the term ‘principal campaign committee’ means the political committee designated by a candidate for Congress as his principal campaign committee for purposes of— “(i) section 302(e) of the Federal Election Campaign Act of 1971 (2 U.S.C. 432(e)), and “(ii) this subsection. “(B) Designation.— A candidate may have only 1 designation in effect under subparagraph (A)(ii) at any time and such designation— “(i) shall be made at such time and in such manner as the Secretary may prescribe by regulations, and “(ii) once made, may be revoked only with the consent of the Secretary.”Tax Reform Act of 1984
Pub. L. 98–369 § 474(r)(16) · 98 Stat. 494
Substituted · 26 U.S.C. § 527(g)(1)
Pub. L. 98–369, § 474(r)(16), substituted “section 24(c)(2)” for “section 41(c)(2)”
Source evidence
Code amendment note
Subsec. (g)(1). Pub. L. 98–369, § 474(r)(16), substituted “section 24(c)(2)” for “section 41(c)(2)”.Enacted provision · exact public law section
(16) Section 527 (g) (1).— Paragraph (1) of section 527(g) (relating 26 USC 527. to treatment of newsletter funds) is amended by striking out “section 41(c)(2)” and inserting in lieu thereof “section 24(c)(2)”.Tax Reform Act of 1984
Pub. L. 98–369 § 722(c) · 98 Stat. 494
Inserted · 26 U.S.C. § 527(h)(2)(B)
Pub. L. 98–369, § 722(c), inserted “Nothing in this subsection shall be construed to require any designation where there is only one political committee with respect to a candidate.”
Source evidence
Code amendment note
Subsec. (h)(2)(B). Pub. L. 98–369, § 722(c), inserted “Nothing in this subsection shall be construed to require any designation where there is only one political committee with respect to a candidate.”Enacted provision · exact public law section
(c) No Designation of Principal Campaign Committee Required Where Only One Political Committee.— Effective for taxable years beginning after December 31, 1981, subparagraph (B) of section 527(n)(2) (relating to special rule for principal campaign committees) 26 USC 527. is amended by adding at the end thereof the following new sentence: “Nothing in this subsection shall be construed to require any designation where there is only one political committee with respect to a candidate.”Tax Reform Act of 1986
Pub. L. 99–514 § 112(b)(1)(A) · 100 Stat. 2085
Substituted · 26 U.S.C. § 527(g)(1)
Pub. L. 99–514, § 112(b)(1)(A), substituted “paragraph (3)” for “section 24(c)(2)”
Source evidence
Code amendment note
Subsec. (g)(1). Pub. L. 99–514, § 112(b)(1)(A), substituted “paragraph (3)” for “section 24(c)(2)”.Enacted provision · exact public law section
(A) by striking out “section 24(c)(2)” in paragraph (1) and inserting in lieu thereof “paragraph (3)”, andTax Reform Act of 1986
Pub. L. 99–514 § 112(b)(1)(B) · 100 Stat. 2085
Added · 26 U.S.C. § 527(g)(3)
Pub. L. 99–514, § 112(b)(1)(B), added par. (3)
Source evidence
Code amendment note
Subsec. (g)(3). Pub. L. 99–514, § 112(b)(1)(B), added par. (3).Enacted provision · exact public law section
(B) by adding at the end thereof the following new paragraph: “(3) Candidate—For purposes of paragraph (1), the term ‘candidate’ means, with respect to any Federal, State, or local elective public office, an individual who— “(A) publicly announces that he is a candidate for nomination or election to such office, and “(B) meets the qualifications prescribed by law to hold such office.”Technical and Miscellaneous Revenue Act of 1988
Pub. L. 100–647 title I § 1001(b)(3)(B) · 102 Stat. 3342
Inserted · 26 U.S.C. § 527(e)(2)
Pub. L. 100–647 inserted at end “Such term includes the making of expenditures relating to an office described in the preceding sentence which, if incurred by the individual, would be allowable as a deduction under section 162(a).”
Source evidence
Code amendment note
Subsec. (e)(2). Pub. L. 100–647 inserted at end “Such term includes the making of expenditures relating to an office described in the preceding sentence which, if incurred by the individual, would be allowable as a deduction under section 162(a).”Enacted provision · exact public law section
(B) Paragraph (2) of section 527(e) of the 1986 Code (defining exempt function) is amended by adding at the end thereof the following new sentence: “Such term includes the making of expenditures relating to an office described in the preceding sentence which, if incurred by the individual, would be allow-able as a deduction under section 162(a).”Pub. L. 106–230 § 1(a) · 114 Stat. 477
Added · 26 U.S.C. § 527(i)
Pub. L. 106–230, § 1(a), added subsec. (i)
Source evidence
Code amendment note
Subsec. (i). Pub. L. 106–230, § 1(a), added subsec. (i).Enacted provision · exact public law section
(a) In General.— Section 527 of the Internal Revenue Code of 1986 (relating to political organizations) is amended by adding 26 USC 527. at the end the following new subsection: “(i) Organizations Must Notify Secretary That They Are Section 527 Organizations.— “(1) In general.— Except as provided in paragraph (5), an organization shall not be treated as an organization described in this section— “(A) unless it has given notice to the Secretary, electronically and in writing, that it is to be so treated, or “(B) if the notice is given after the time required under paragraph (2), the organization shall not be so treated for any period before such notice is given. “(2) Time to give notice.— The notice required under paragraph (1) shall be transmitted not later than 24 hours after the date on which the organization is established. “(3) Contents of notice.— The notice required under paragraph (1) shall include information regarding— “(A) the name and address of the organization (including any business address, if different) and its electronic mailing address, “(B) the purpose of the organization, “(C) the names and addresses of its officers, highly compensated employees, contact person, custodian of records, and members of its Board of Directors, “(D) the name and address of, and relationship to, any related entities (within the meaning of section 168(h)(4)), and “(E) such other information as the Secretary may require to carry out the internal revenue laws. “(4) Effect of failure.— In the case of an organization failing to meet the requirements of paragraph (1) for any period, the taxable income of such organization shall be computed by taking into account any exempt function income (and any deductions directly connected with the production of such income). “(5) Exceptions.— This subsection shall not apply to any organization— “(A) to which this section applies solely by reason of subsection (f)(1), or “(B) which reasonably anticipates that it will not have gross receipts of $25,000 or more for any taxable year. “(6) Coordination with other requirements— This subsection shall not apply to any person required (without regard to this subsection) to report under the Federal Election Campaign Act of 1971 (2 U.S.C. 431 et seq.) as a political committee.”.Pub. L. 106–230 § 2(a) · 114 Stat. 477
Added · 26 U.S.C. § 527(j)
Pub. L. 106–230, § 2(a), added subsec. (j)
Source evidence
Code amendment note
Subsec. (j). Pub. L. 106–230, § 2(a), added subsec. (j).Enacted provision · exact public law section
(a) Required Disclosure of 527 Organizations.— Section 527 of the Internal Revenue Code of 1986 (relating to political organizations), 26 USC 527. as amended by section 1(a), is amended by adding at the end the following new section: “(j) Required Disclosure of Expenditures and Contributions.— “(1) Penalty for failure.— In the case of— “(A) a failure to make the required disclosures under paragraph (2) at the time and in the manner prescribed therefor, or “(B) a failure to include any of the information required to be shown by such disclosures or to show the correct information, there shall be paid by the organization an amount equal to the rate of tax specified in subsection (b)(1) multiplied by the amount to which the failure relates. “(2) Required disclosure.— A political organization which accepts a contribution, or makes an expenditure, for an exempt function during any calendar year shall file with the Secretary either— “(A) (i) in the case of a calendar year in which a regularly scheduled election is held— “(I) quarterly reports, beginning with the first quarter of the calendar year in which a contribution is accepted or expenditure is made, which shall be filed not later than the fifteenth day after the last day of each calendar quarter, except that the report for the quarter ending on December 31 of such calendar year shall be filed not later than January 31 of the following calendar year, “(II) a pre-election report, which shall be filed not later than the twelfth day before (or posted by registered or certified mail not later than the fifteenth day before) any election with respect to which the organization makes a contribution or expenditure, and which shall be complete as of the twentieth day before the election, and “(III) a post-general election report, which shall be filed not later than the thirtieth day after the general election and which shall be complete as of the twentieth day after such general election, and “(ii) in the case of any other calendar year, a report covering the period beginning January 1 and ending June 30, which shall be filed no later than July 31 and a report covering the period beginning July 1 and ending December 31, which shall be filed no later than January 31 of the following calendar year, or “(B) monthly reports for the calendar year, beginning with the first month of the calendar year in which a contribution is accepted or expenditure is made, which shall be filed not later than the twentieth day after the last day of the month and shall be complete as if the last day of the month, except that, in lieu of filing the reports otherwise due in November and December of any year in which a regularly scheduled general election is held, a pre-general election report shall be filed in accordance with subparagraph (A)(i)(II), a post-general election report shall be filed in accordance with subparagraph (A)(i)(III), and a year end report shall be filed not later than January 31 of the following calendar year. “(3) Contents of report.— A report required under paragraph (2) shall contain the following information: “(A) The amount of each expenditure made to a person if the aggregate amount of expenditures to such person during the calendar year equals or exceeds $500 and the name and address of the person (in the case of an individual, including the occupation and name of employer of such individual). “(B) The name and address (in the case of an individual, including the occupation and name of employer of such individual) of all contributors which contributed an aggregate amount of $200 or more to the organization during the calendar year and the amount of the contribution. Any expenditure or contribution disclosed in a previous reporting period is not required to be included in the current reporting period. “(4) Contracts to spend or contribute.— For purposes of this subsection, a person shall be treated as having made an expenditure or contribution if the person has contracted or is otherwise obligated to make the expenditure or contribution. “(5) Coordination with other requirements.— This subsection shall not apply— “(A) to any person required (without regard to this subsection) to report under the Federal Election Campaign Act of 1971 (2 U.S.C. 431 et seq.) as a political committee, “(B) to any State or local committee of a political party or political committee of a State or local candidate, “(C) to any organization which reasonably anticipates that it will not have gross receipts of $25,000 or more for any taxable year, “(D) to any organization to which this section applies solely by reason of subsection (f)(1), or “(E) with respect to any expenditure which is an independent expenditure (as defined in section 301 of such Act). “(6) Election.— For purposes of this subsection, the term ‘election’ means— “(A) a general, special, primary, or runoff election for a Federal office, “(B) a convention or caucus of a political party which has authority to nominate a candidate for Federal office, “(C) a primary election held for the selection of delegates to a national nominating convention of a political party, or “(D) a primary election held for the expression of a preference for the nomination of individuals for election to the office of President.”.Pub. L. 107–276 § 2(b) · 116 Stat. 1929
Added · 26 U.S.C. § 527(e)(5)
Pub. L. 107–276, § 2(b), added par. (5)
Source evidence
Code amendment note
Subsec. (e)(5). Pub. L. 107–276, § 2(b), added par. (5).Enacted provision · exact public law section
(b) Qualified State or Local Political Organization.— Subsection (e) of section 527 of the Internal Revenue Code of 1986 (relating to other definitions) is amended by adding at the end the following new paragraph: “(5) Qualified state or local political organization.— “(A) In general.— The term ‘qualified State or local political organization’ means a political organization— “(i) all the exempt functions of which are solely for the purposes of influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any State or local public office or office in a State or local political organization, “(ii) which is subject to State law that requires the organization to report (and it so reports)— “(I) information regarding each separate expenditure from and contribution to such organization, and “(II) information regarding the person who makes such contribution or receives such expenditure, which would otherwise be required to be reported under this section, and “(iii) with respect to which the reports referred to in clause (ii) are (I) made public by the agency with which such reports are filed, and (II) made publicly available for inspection by the organization in the manner described in section 6104(d). “(B) Certain state law differences disregarded.— An organization shall not be treated as failing to meet the requirements of subparagraph (A)(ii) solely by reason of 1 or more of the following: “(i) The minimum amount of any expenditure or contribution required to be reported under State law is not more than $300 greater than the minimum amount required to be reported under subsection (j). “(ii) The State law does not require the organization to identify 1 or more of the following: “(I) The employer of any person who makes contributions to the organization. “(II) The occupation of any person who makes contributions to the organization. “(III) The employer of any person who receives expenditures from the organization. “(IV) The occupation of any person who receives expenditures from the organization. “(V) The purpose of any expenditure of the organization. “(VI) The date any contribution was made to the organization. “(VII) The date of any expenditure of the organization. “(C) De minimis errors.— An organization shall not fail to be treated as a qualified State or local political organization solely because such organization makes de minimis errors in complying with the State reporting requirements and the public inspection requirements described in subparagraph (A) as long as the organization corrects such errors within a reasonable period after the organization becomes aware of such errors. “(D) Participation of federal candidate or office holder.— The term ‘qualified State or local political organization’ shall not include any organization otherwise described in subparagraph (A) if a candidate for nomination or election to Federal elective public office or an individual who holds such office— “(i) controls or materially participates in the direction of the organization, “(ii) solicits contributions to the organization (unless the Secretary determines that such solicitations resulted in de minimis contributions and were made without the prior knowledge and consent, whether explicit or implicit, of the organization or its officers, directors, agents, or employees), or “(iii) directs, in whole or in part, disbursements by the organization.”.Pub. L. 107–276 § 6(c) · 116 Stat. 1929
Substituted · 26 U.S.C. § 527(i)(1)(A)
Pub. L. 107–276, § 6(c), substituted “electronically” for “, electronically and in writing,”
Source evidence
Code amendment note
Subsec. (i)(1)(A). Pub. L. 107–276, § 6(c), substituted “electronically” for “, electronically and in writing,”.Enacted provision · exact public law section
(c) Duplicate Written Filings Not Required.— Subparagraph (A) of section 527(i)(1) of the Internal Revenue Code of 1986 is amended by striking “, electronically and in writing,” and inserting “electronically”.Pub. L. 107–276 § 6(g)(1) · 116 Stat. 1929
Changed · 26 U.S.C. § 527(i)(1)(B)
Pub. L. 107–276, § 6(g)(1), which directed the insertion of “or, in the case of any material change in the information required under paragraph (3), for the period beginning on the date on which the material change occurs and ending on the date on which such notice is given” after “given”, was executed by making the insertion after “given” the second time appearing, to reflect the probable intent of Congress
Source evidence
Code amendment note
Subsec. (i)(1)(B). Pub. L. 107–276, § 6(g)(1), which directed the insertion of “or, in the case of any material change in the information required under paragraph (3), for the period beginning on the date on which the material change occurs and ending on the date on which such notice is given” after “given”, was executed by making the insertion after “given” the second time appearing, to reflect the probable intent of Congress.Enacted provision · exact public law section
(1) In general.— Subparagraph (B) of section 527(i)(l) of the Internal Revenue Code of 1986 (relating to general notification requirement) is amended by inserting “or, in the case of any material change in the information required under paragraph (3), for the period beginning on the date on which the material change occurs and ending on the date on which such notice is given” after “given”.Pub. L. 107–276 § 6(g)(2) · 116 Stat. 1929
Inserted · 26 U.S.C. § 527(i)(2)
Pub. L. 107–276, § 6(g)(2), inserted “or, in the case of any material change in the information required under paragraph (3), not later than 30 days after such material change” after “established”
Source evidence
Code amendment note
Subsec. (i)(2). Pub. L. 107–276, § 6(g)(2), inserted “or, in the case of any material change in the information required under paragraph (3), not later than 30 days after such material change” after “established”.Enacted provision · exact public law section
(2) Time to give notice.— Section 527(i)(2) of the Internal Revenue Code of 1986 (relating to time to give notice) is amended by inserting “or, in the case of any material change in the information required under paragraph (3), not later than 30 days after such material change” after “established”.Pub. L. 107–276 § 6(f) · 116 Stat. 1929
Added · 26 U.S.C. § 527(i)(3)(E); 26 U.S.C. § 527(i)(3)(F)
Pub. L. 107–276, § 6(f), added subpar. (E)
Redesignated · 26 U.S.C. § 527(i)(3)(E); 26 U.S.C. § 527(i)(3)(F)
Pub. L. 107–276, § 6(f), redesignated former subpar. (E) as (F)
Source evidence
Code amendment note
Subsec. (i)(3)(E), (F). Pub. L. 107–276, § 6(f), added subpar. (E) and redesignated former subpar. (E) as (F).Enacted provision · exact public law section
(f) Contents of Notice.— Section 527(i)(3) of the Internal Revenue Code of 1986 (relating to contents of notice) is amended by striking “and” at the end of subparagraph (D), by redesignating subparagraph (E) as subparagraph (F), and by inserting after subparagraph (D) the following new subparagraph: 26 USC 527. “(E) whether the organization intends to claim an exemption from the requirements of subsection (j) or section 6033, and”.Pub. L. 107–276 § 6(g)(3) · 116 Stat. 1929
Changed · 26 U.S.C. § 527(i)(4)
Pub. L. 107–276, § 6(g)(3), which directed the insertion of “or, in the case of a failure relating to a material change, by taking into account such income and deductions only during the period beginning on the date on which the material change occurs and ending on the date on which notice is given under this subsection” before period at end, was executed by making the insertion before period at end of first sentence, to reflect the probable intent of Congress
Source evidence
Code amendment note
Subsec. (i)(4). Pub. L. 107–276, § 6(g)(3), which directed the insertion of “or, in the case of a failure relating to a material change, by taking into account such income and deductions only during the period beginning on the date on which the material change occurs and ending on the date on which notice is given under this subsection” before period at end, was executed by making the insertion before period at end of first sentence, to reflect the probable intent of Congress.Enacted provision · exact public law section
(3) Effect of failure.— Paragraph (4) of section 527(i) of the Internal Revenue Code of 1986 (relating to effect of failure) is amended by inserting before the period at the end the following: “or, in the case of a failure relating to a material change, by taking into account such income and deductions only during the period beginning on the date on which the material change occurs and ending on the date on which notice is given under this subsection”.Pub. L. 107–276 § 6(a) · 116 Stat. 1929
Inserted · 26 U.S.C. § 527(i)(4)
Pub. L. 107–276, § 6(a), inserted at end “For purposes of the preceding sentence, the term ‘exempt function income’ means any amount described in a subparagraph of subsection (c)(3), whether or not segregated for use for an exempt function.”
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 107–276, § 6(a), inserted at end “For purposes of the preceding sentence, the term ‘exempt function income’ means any amount described in a subparagraph of subsection (c)(3), whether or not segregated for use for an exempt function.”Enacted provision · exact public law section
(a) Unsegregated Funds Not To Avoid Tax.— Paragraph (4) of section 527(i) of the Internal Revenue Code of 1986 (relating to failure to notify) is amended by adding at the end the following new sentence: “For purposes of the preceding sentence, the term ‘exempt function income’ means any amount described in a subparagraph of subsection (c)(3), whether or not segregated for use for an exempt function.”.Pub. L. 107–276 § 1(a) · 116 Stat. 1929
Added · 26 U.S.C. § 527(i)(5)(C)
Pub. L. 107–276, § 1(a), added subpar. (C)
Source evidence
Code amendment note
Subsec. (i)(5)(C). Pub. L. 107–276, § 1(a), added subpar. (C).Enacted provision · exact public law section
(a) Exemption From Notification Requirements.— Paragraph (5) of section 527(i) of the Internal Revenue Code of 1986 (relating to organizations must notify Secretary that they are section 527 organizations) is amended by striking “or” at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting “, or”, and by adding at the end the following: 26 USC 527. “(C) which is a political committee of a State or local candidate or which is a State or local committee of a political party.”.Pub. L. 107–276 § 6(b) · 116 Stat. 1929
Inserted · 26 U.S.C. § 527(j)(1)
Pub. L. 107–276, § 6(b), inserted at end “For purposes of subtitle F, the amount imposed by this paragraph shall be assessed and collected in the same manner as penalties imposed by section 6652(c).”
Source evidence
Code amendment note
Subsec. (j)(1). Pub. L. 107–276, § 6(b), inserted at end “For purposes of subtitle F, the amount imposed by this paragraph shall be assessed and collected in the same manner as penalties imposed by section 6652(c).”Enacted provision · exact public law section
(b) Procedures for Assessment and Collection of Amounts.— Paragraph (1) of section 527(j) of the Internal Revenue Code of 1986 (relating to required disclosure of expenditures and contributions) is amended by adding at the end the following new sentence: “For purposes of subtitle F, the amount imposed by this paragraph shall be assessed and collected in the same manner as penalties imposed by section 6652(c).”.Pub. L. 107–276 § 6(e)(1)(A) · 116 Stat. 1929
Inserted · 26 U.S.C. § 527(j)(3)(A)
Pub. L. 107–276, § 6(e)(1)(A), inserted “, date, and purpose” after “The amount”
Source evidence
Code amendment note
Subsec. (j)(3)(A). Pub. L. 107–276, § 6(e)(1)(A), inserted “, date, and purpose” after “The amount”.Enacted provision · exact public law section
(A) by inserting “, date, and purpose” after “The amount” in subparagraph (A), andPub. L. 107–276 § 6(e)(1)(B) · 116 Stat. 1929
Inserted · 26 U.S.C. § 527(j)(3)(B)
Pub. L. 107–276, § 6(e)(1)(B), inserted “and date” after “the amount”
Source evidence
Code amendment note
Subsec. (j)(3)(B). Pub. L. 107–276, § 6(e)(1)(B), inserted “and date” after “the amount”.Enacted provision · exact public law section
(B) by inserting “and date” after “the amount” in subparagraph (B).Pub. L. 107–276 § 2(a) · 116 Stat. 1929
Added · 26 U.S.C. § 527(j)(5)(C)(F)
Pub. L. 107–276, § 2(a), added subpar. (C)
Redesignated · 26 U.S.C. § 527(j)(5)(C)(F)
Pub. L. 107–276, § 2(a), redesignated former subpars. (C) to (E) as (D) to (F), respectively
Source evidence
Code amendment note
Subsec. (j)(5)(C) to (F). Pub. L. 107–276, § 2(a), added subpar. (C) and redesignated former subpars. (C) to (E) as (D) to (F), respectively.Enacted provision · exact public law section
(a) In General.— Section 527(j)(5) of the Internal Revenue Code of 1986 (relating to coordination with other requirements) is amended by redesignating subparagraphs (C), (D), and (E) as subparagraphs (D), (E), and (F), respectively, and by inserting after subparagraph (B) the following new subparagraph: “(C) to any organization which is a qualified State or local political organization,”.Pub. L. 107–276 § 6(e)(2) · 116 Stat. 1929
Added · 26 U.S.C. § 527(j)(7)
Pub. L. 107–276, § 6(e)(2), added par. (7)
Source evidence
Code amendment note
Subsec. (j)(7). Pub. L. 107–276, § 6(e)(2), added par. (7).Enacted provision · exact public law section
(2) Electronic filing.— Section 527(j) such Code is amended by adding at the end the following new paragraph: “(7) Electronic filing.— Any report required under paragraph (2) with respect to any calendar year shall be filed in electronic form if the organization has, or has reason to expect to have, contributions exceeding $50,000 or expenditures exceeding $50,000 in such calendar year.”.Pub. L. 107–276 § 6(e)(3) · 116 Stat. 1929
Redesignated · 26 U.S.C. § 527(k)
Pub. L. 107–276, § 6(e)(3), added subsec. (k). Former subsec. (k) redesignated (l)
Source evidence
Code amendment note
Subsec. (k). Pub. L. 107–276, § 6(e)(3), added subsec. (k). Former subsec. (k) redesignated (l).Enacted provision · exact public law section
(3) Electronic filing and access of required disclosures.— Section 527 of such Code, as amended by section 5(a), is amended by redesignating subsection (k) as subsection (l) and by inserting after subsection (j) the following new subsection: “(k) Public Availability of Notices and Reports.— “(1) In general.— The Secretary shall make any notice described in subsection (i)(l) or report described in subsection (j)(7) available for public inspection on the Internet not later than 48 hours after such notice or report has been filed (in addition to such public availability as may be made under section 6104(d)(7)). “(2) Access.— The Secretary shall make the entire database of notices and reports which are made available to the public under paragraph (1) searchable by the following items (to the extent the items are required to be included in the notices and reports): “(A) Names, States, zip codes, custodians of records, directors, and general purposes of the organizations. “(B) Entities related to the organizations. “(C) Contributors to the organizations. “(D) Employers of such contributors. “(E) Recipients of expenditures by the organizations. “(F) Ranges of contributions and expenditures. “(G) Time periods of the notices and reports. Such database shall be downloadable.”.Pub. L. 107–276 § 5(a) · 116 Stat. 1929
Added · 26 U.S.C. § 527(k)
Pub. L. 107–276, § 5(a), added subsec. (k)
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 107–276, § 5(a), added subsec. (k).Enacted provision · exact public law section
(a) Waiver of Filing Amounts.— Section 527 of the Internal Revenue Code of 1986 is amended by adding at the end the following: 26 USC 527. “(k) Authority To Waive.— The Secretary may waive all or any portion of the— “(1) tax assessed on an organization by reason of the failure of the organization to comply with the requirements of subsection (i), or “(2) amount imposed under subsection (j) for a failure to comply with the requirements thereof, on a showing that such failure was due to reasonable cause and not due to willful neglect.”.Pub. L. 107–276 § 6(e)(3) · 116 Stat. 1929
Redesignated · 26 U.S.C. § 527(l)
Pub. L. 107–276, § 6(e)(3), redesignated subsec. (k) as (l)
Source evidence
Code amendment note
Subsec. (l). Pub. L. 107–276, § 6(e)(3), redesignated subsec. (k) as (l).Enacted provision · exact public law section
(3) Electronic filing and access of required disclosures.— Section 527 of such Code, as amended by section 5(a), is amended by redesignating subsection (k) as subsection (l) and by inserting after subsection (j) the following new subsection: “(k) Public Availability of Notices and Reports.— “(1) In general.— The Secretary shall make any notice described in subsection (i)(l) or report described in subsection (j)(7) available for public inspection on the Internet not later than 48 hours after such notice or report has been filed (in addition to such public availability as may be made under section 6104(d)(7)). “(2) Access.— The Secretary shall make the entire database of notices and reports which are made available to the public under paragraph (1) searchable by the following items (to the extent the items are required to be included in the notices and reports): “(A) Names, States, zip codes, custodians of records, directors, and general purposes of the organizations. “(B) Entities related to the organizations. “(C) Contributors to the organizations. “(D) Employers of such contributors. “(E) Recipients of expenditures by the organizations. “(F) Ranges of contributions and expenditures. “(G) Time periods of the notices and reports. Such database shall be downloadable.”.Tax Technical Corrections Act of 2014
Pub. L. 113–295 § 220 · 128 Stat. 4010
Substituted · 26 U.S.C. § 527(h)(2)(A)(i)
Pub. L. 113–295, § 220(l)(1), substituted “(52 U.S.C. 30102(e))” for “(2 U.S.C. 432(e))”
Source evidence
Code amendment note
Subsec. (h)(2)(A)(i). Pub. L. 113–295, § 220(l)(1), substituted “(52 U.S.C. 30102(e))” for “(2 U.S.C. 432(e))”.Enacted provision · exact public law section
SEC. 220. OTHER CLERICAL CORRECTIONS. (a) Paragraph (8) of section 30B(h) is amended by striking “vehicle)., except that” and inserting “vehicle), except that”. (b) Subparagraph (A) of section 38(c)(2) is amended by striking “credit credit” and inserting “credit”. (c) Section 46 is amended by adding a comma at the end of paragraph (4). (d) Subparagraph (E) of section 50(a)(2) 26 USC 50. is amended by inserting “, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 48D(b)(4)” after “in section 48(b)”. (e) Clause (i) of section 54A(d)(2)(A) is amended by striking “100 percent or more” and inserting “100 percent”. (f) Paragraph (2) of section 125(b) is amended by striking “statutory nontaxable benefits” each place it appears and inserting “qualified benefits”. (g) Paragraph (2) of section 125(h) is amended by striking “means, any” and inserting “means any”. (h) Subparagraph (F) of section 163(h)(4) is amended by striking “Veterans Administration or the Rural Housing Administration” and inserting “Department of Veterans Affairs or the Rural Housing Service”. (i) Subsection (a) of section 249 is amended by striking “1563(a)(1)” and inserting “1563(a)(1))”. (j) Paragraphs (8) and (10) of section 280F(d) are each amended by striking “subsection (a)(2)” and inserting “subsection (a)(1)”. (k) Clause (iii) of section 402A(c)(4)(E) is amended by striking “403(b)(7)(A)(i)” and inserting “403(b)(7)(A)(ii)”. (l) Section 527 is amended— (1) by striking “(2 U.S.C. 432(e))” in subsection (h)(2)(A)(i) and inserting “(52 U.S.C. 30102(e))”, and (2) by striking “(2 U.S.C. 431 et seq.)” in subsections (i)(6) and (j)(5)(A) and inserting “(52 U.S.C. 30101 et seq.)”. (m) Subsection (b) of section 858 is amended by striking “857(b)(8)” and inserting “857(b)(9)”. (n) Subparagraph (A) of section 1012(c)(2) is amended by striking “section 1012” and inserting “this section”. (o) The heading for section 1394(f) is amended by striking “Designated Under Section 1391(g)”. (p) Paragraphs (1) and (2)(A) of section 1394(f) are each amended by striking “a new empowerment zone facility bond” and inserting “an empowerment zone facility bond”. (q) Clause (i) of section 1400N(c)(3)(A) is amended by striking “section 42(d)(5)(C)(iii)” and inserting “section 42(d)(5)(B)(iii)”. (r) Subsections (e)(3)(B) and (f)(7)(B) of section 4943 are each amended by striking “January 1, 1970” and inserting “January 1, 1971”. (s) Paragraph (2) of section 4982(f) is amended by adding a comma at the end. (t) Paragraph (3) of section 6011(e) is amended by striking “shall require than” and inserting “shall require that”. (u) Subsection (b) of section 6072 is amended by striking “6011(e)(2)” and inserting “6011(c)(2)”. (v) Subsection (d) of section 6104 is amended by redesignating the second paragraph (6) (relating to disclosure of reports by the Internal Revenue Service) and third paragraph (6) (relating to application to nonexempt charitable trusts and nonexempt private foundations) as paragraphs (7) and (8), respectively. (w) Subsection (c) of section 6662A is amended by striking “section 6664(d)(2)(A)” and inserting “section 6664(d)(3)(A)”. (x) Subparagraph (FF) of section 6724(d)(2) is amended by striking “section 6050W(c)” and inserting “section 6050W(f)”. (y) Section 7122 is amended by redesignating the second subsection (f) (relating to frivolous submissions, etc.) as subsection (g). (z) Subsection (a) of section 9035 26 USC 9035. is amended by striking “section 320(b)(1)(A)” and inserting “section 315(b)(1)(A)”. (aa) Section 9802 is amended by redesignating the second subsection (f) (relating to genetic information of a fetus or embryo) as subsection (g). (bb) Paragraph (3) of section 13(e) of the Worker, Homeownership, and Business Assistance Act of 2009 26 USC 56 note. is amended by striking “subsection (d)” and inserting “subsection (c)”.Tax Technical Corrections Act of 2014
Pub. L. 113–295 § 220 · 128 Stat. 4010
Substituted · 26 U.S.C. § 527(i)(6); 26 U.S.C. § 527(j)(5)(A)
Pub. L. 113–295, § 220(l)(2), substituted “(52 U.S.C. 30101 et seq.)” for “(2 U.S.C. 431 et seq.)”
Source evidence
Code amendment note
Subsecs. (i)(6), (j)(5)(A). Pub. L. 113–295, § 220(l)(2), substituted “(52 U.S.C. 30101 et seq.)” for “(2 U.S.C. 431 et seq.)”.Enacted provision · exact public law section
SEC. 220. OTHER CLERICAL CORRECTIONS. (a) Paragraph (8) of section 30B(h) is amended by striking “vehicle)., except that” and inserting “vehicle), except that”. (b) Subparagraph (A) of section 38(c)(2) is amended by striking “credit credit” and inserting “credit”. (c) Section 46 is amended by adding a comma at the end of paragraph (4). (d) Subparagraph (E) of section 50(a)(2) 26 USC 50. is amended by inserting “, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 48D(b)(4)” after “in section 48(b)”. (e) Clause (i) of section 54A(d)(2)(A) is amended by striking “100 percent or more” and inserting “100 percent”. (f) Paragraph (2) of section 125(b) is amended by striking “statutory nontaxable benefits” each place it appears and inserting “qualified benefits”. (g) Paragraph (2) of section 125(h) is amended by striking “means, any” and inserting “means any”. (h) Subparagraph (F) of section 163(h)(4) is amended by striking “Veterans Administration or the Rural Housing Administration” and inserting “Department of Veterans Affairs or the Rural Housing Service”. (i) Subsection (a) of section 249 is amended by striking “1563(a)(1)” and inserting “1563(a)(1))”. (j) Paragraphs (8) and (10) of section 280F(d) are each amended by striking “subsection (a)(2)” and inserting “subsection (a)(1)”. (k) Clause (iii) of section 402A(c)(4)(E) is amended by striking “403(b)(7)(A)(i)” and inserting “403(b)(7)(A)(ii)”. (l) Section 527 is amended— (1) by striking “(2 U.S.C. 432(e))” in subsection (h)(2)(A)(i) and inserting “(52 U.S.C. 30102(e))”, and (2) by striking “(2 U.S.C. 431 et seq.)” in subsections (i)(6) and (j)(5)(A) and inserting “(52 U.S.C. 30101 et seq.)”. (m) Subsection (b) of section 858 is amended by striking “857(b)(8)” and inserting “857(b)(9)”. (n) Subparagraph (A) of section 1012(c)(2) is amended by striking “section 1012” and inserting “this section”. (o) The heading for section 1394(f) is amended by striking “Designated Under Section 1391(g)”. (p) Paragraphs (1) and (2)(A) of section 1394(f) are each amended by striking “a new empowerment zone facility bond” and inserting “an empowerment zone facility bond”. (q) Clause (i) of section 1400N(c)(3)(A) is amended by striking “section 42(d)(5)(C)(iii)” and inserting “section 42(d)(5)(B)(iii)”. (r) Subsections (e)(3)(B) and (f)(7)(B) of section 4943 are each amended by striking “January 1, 1970” and inserting “January 1, 1971”. (s) Paragraph (2) of section 4982(f) is amended by adding a comma at the end. (t) Paragraph (3) of section 6011(e) is amended by striking “shall require than” and inserting “shall require that”. (u) Subsection (b) of section 6072 is amended by striking “6011(e)(2)” and inserting “6011(c)(2)”. (v) Subsection (d) of section 6104 is amended by redesignating the second paragraph (6) (relating to disclosure of reports by the Internal Revenue Service) and third paragraph (6) (relating to application to nonexempt charitable trusts and nonexempt private foundations) as paragraphs (7) and (8), respectively. (w) Subsection (c) of section 6662A is amended by striking “section 6664(d)(2)(A)” and inserting “section 6664(d)(3)(A)”. (x) Subparagraph (FF) of section 6724(d)(2) is amended by striking “section 6050W(c)” and inserting “section 6050W(f)”. (y) Section 7122 is amended by redesignating the second subsection (f) (relating to frivolous submissions, etc.) as subsection (g). (z) Subsection (a) of section 9035 26 USC 9035. is amended by striking “section 320(b)(1)(A)” and inserting “section 315(b)(1)(A)”. (aa) Section 9802 is amended by redesignating the second subsection (f) (relating to genetic information of a fetus or embryo) as subsection (g). (bb) Paragraph (3) of section 13(e) of the Worker, Homeownership, and Business Assistance Act of 2009 26 USC 56 note. is amended by striking “subsection (d)” and inserting “subsection (c)”.Pub. L. 115–97 title I § 13001(b)(2)(D) · 131 Stat. 2054
Struck · 26 U.S.C. § 527(b)
Pub. L. 115–97 struck out par. (1) designation and heading
Struck · 26 U.S.C. § 527(b)
Pub. L. 115–97 struck out par. (2) which related to alternative tax in case of capital gains
Source evidence
Code amendment note
Subsec. (b). Pub. L. 115–97 struck out par. (1) designation and heading and struck out par. (2) which related to alternative tax in case of capital gains.Enacted provision · exact public law section
(D) Section 527(b) is amended— (i) by striking paragraph (2), and (ii) by striking all that precedes “is hereby imposed” and inserting: “(b) Tax Imposed.— A tax” .Taxpayer First Act
Pub. L. 116–25 title III § 3101(b)(1) · 133 Stat. 981
Struck · 26 U.S.C. § 527(j)(7)
Pub. L. 116–25 struck out “if the organization has, or has reason to expect to have, contributions exceeding $50,000 or expenditures exceeding $50,000 in such calendar year” after “electronic form”
Source evidence
Code amendment note
Subsec. (j)(7). Pub. L. 116–25 struck out “if the organization has, or has reason to expect to have, contributions exceeding $50,000 or expenditures exceeding $50,000 in such calendar year” after “electronic form”.Enacted provision · exact public law section
(1) Political organizations.— Section 527(j)(7) is amended by striking “if the organization has” and all that follows through “such calendar year”.Effective date note
Pub. L. 116–25, title III, § 3101(d), July 1, 2019, 133 Stat. 1015, provided that:
36 of 36 references resolved to an enrolled provision
Editorial Notes
References in Text
Section 610 of title 18, referred to in subsec. (f)(3), was repealed by Pub. L. 94–283, title II, § 201(a), , 90 Stat. 496.
The Federal Election Campaign Act of 1971, referred to in subsecs. (i)(6) and (j)(5)(A), is Pub. L. 92–225, , 86 Stat. 3, which is classified principally to chapter 301 (§ 30101 et seq.) of Title 52, Voting and Elections. Section 301 of the Act is classified to section 30101 of Title 52. For complete classification of this Act to the Code, see Tables.
Amendments1976–2019 · 11 rounds
2019
Subsec. (j)(7). Pub. L. 116–25 struck out “if the organization has, or has reason to expect to have, contributions exceeding $50,000 or expenditures exceeding $50,000 in such calendar year” after “electronic form”.
2017
Subsec. (b). Pub. L. 115–97 struck out par. (1) designation and heading and struck out par. (2) which related to alternative tax in case of capital gains.
2014
Subsec. (h)(2)(A)(i). Pub. L. 113–295, § 220(l)(1), substituted “(52 U.S.C. 30102(e))” for “(2 U.S.C. 432(e))”.
Subsecs. (i)(6), (j)(5)(A). Pub. L. 113–295, § 220(l)(2), substituted “(52 U.S.C. 30101 et seq.)” for “(2 U.S.C. 431 et seq.)”.
2002
Subsec. (e)(5). Pub. L. 107–276, § 2(b), added par. (5).
Subsec. (i)(1)(A). Pub. L. 107–276, § 6(c), substituted “electronically” for “, electronically and in writing,”.
Subsec. (i)(1)(B). Pub. L. 107–276, § 6(g)(1), which directed the insertion of “or, in the case of any material change in the information required under paragraph (3), for the period beginning on the date on which the material change occurs and ending on the date on which such notice is given” after “given”, was executed by making the insertion after “given” the second time appearing, to reflect the probable intent of Congress.
Subsec. (i)(2). Pub. L. 107–276, § 6(g)(2), inserted “or, in the case of any material change in the information required under paragraph (3), not later than 30 days after such material change” after “established”.
Subsec. (i)(3)(E), (F). Pub. L. 107–276, § 6(f), added subpar. (E) and redesignated former subpar. (E) as (F).
Subsec. (i)(4). Pub. L. 107–276, § 6(g)(3), which directed the insertion of “or, in the case of a failure relating to a material change, by taking into account such income and deductions only during the period beginning on the date on which the material change occurs and ending on the date on which notice is given under this subsection” before period at end, was executed by making the insertion before period at end of first sentence, to reflect the probable intent of Congress.
Pub. L. 107–276, § 6(a), inserted at end “For purposes of the preceding sentence, the term ‘exempt function income’ means any amount described in a subparagraph of subsection (c)(3), whether or not segregated for use for an exempt function.”
Subsec. (i)(5)(C). Pub. L. 107–276, § 1(a), added subpar. (C).
Subsec. (j)(1). Pub. L. 107–276, § 6(b), inserted at end “For purposes of subtitle F, the amount imposed by this paragraph shall be assessed and collected in the same manner as penalties imposed by section 6652(c).”
Subsec. (j)(3)(A). Pub. L. 107–276, § 6(e)(1)(A), inserted “, date, and purpose” after “The amount”.
Subsec. (j)(3)(B). Pub. L. 107–276, § 6(e)(1)(B), inserted “and date” after “the amount”.
Subsec. (j)(5)(C) to (F). Pub. L. 107–276, § 2(a), added subpar. (C) and redesignated former subpars. (C) to (E) as (D) to (F), respectively.
Subsec. (j)(7). Pub. L. 107–276, § 6(e)(2), added par. (7).
Subsec. (k). Pub. L. 107–276, § 6(e)(3), added subsec. (k). Former subsec. (k) redesignated (l).
Pub. L. 107–276, § 5(a), added subsec. (k).
Subsec. (l). Pub. L. 107–276, § 6(e)(3), redesignated subsec. (k) as (l).
2000
Subsec. (i). Pub. L. 106–230, § 1(a), added subsec. (i).
Subsec. (j). Pub. L. 106–230, § 2(a), added subsec. (j).
1988
Subsec. (e)(2). Pub. L. 100–647 inserted at end “Such term includes the making of expenditures relating to an office described in the preceding sentence which, if incurred by the individual, would be allowable as a deduction under section 162(a).”
1986
Subsec. (g)(1). Pub. L. 99–514, § 112(b)(1)(A), substituted “paragraph (3)” for “section 24(c)(2)”.
Subsec. (g)(3). Pub. L. 99–514, § 112(b)(1)(B), added par. (3).
1984
Subsec. (g)(1). Pub. L. 98–369, § 474(r)(16), substituted “section 24(c)(2)” for “section 41(c)(2)”.
Subsec. (h)(2)(B). Pub. L. 98–369, § 722(c), inserted “Nothing in this subsection shall be construed to require any designation where there is only one political committee with respect to a candidate.”
1981
Subsec. (h). Pub. L. 97–34 added subsec. (h).
1978
Subsec. (b)(1). Pub. L. 95–600 substituted “Such tax shall be computed by multiplying the political organization taxable income by the highest rate of tax specified in section 11(b)” for “Such tax shall consist of a normal tax and a surtax computed as provided in section 11 as though the political organization were a corporation and as though the political organization taxable income were the taxable income referred to in section 11” and struck out provision that for purposes of this subsection, the surtax exemption provided by section 11(d) not be allowed.
Subsec. (c)(3)(D). Pub. L. 95–502 added subpar. (D).
1976
Subsec. (b)(2). Pub. L. 94–455 substituted “net capital gain” for “net section 1201 gain” after “organization has a”.
Statutory Notes and Related Subsidiaries
Effective Date of 2019 Amendment
Pub. L. 116–25, title III, § 3101(d), , 133 Stat. 1015, provided that:
“(1) In general.—
Except as provided in paragraph (2), the amendments made by this section [amending this section and sections 6011, 6033, and 6104 of this title] shall apply to taxable years beginning after the date of the enactment of this Act [].
“(2) Transitional relief.—
“(A) Small organizations.—
“(i) In general.—
In the case of any small organizations, or any other organizations for which the Secretary of the Treasury or the Secretary’s delegate (hereafter referred to in this paragraph as the ‘Secretary’) determines the application of the amendments made by this section would cause undue burden without a delay, the Secretary may delay the application of such amendments, but such delay shall not apply to any taxable year beginning on or after the date that is 2 years after the enactment of this Act.
“(ii) Small organization.—
For purposes of clause (i), the term ‘small organization’ means any organization—
“(I) the gross receipts of which for the taxable year are less than $200,000; and
“(II) the aggregate gross assets of which at the end of the taxable year are less than $500,000.
“(B) Organizations filing form 990–t.—
In the case of any organization described in section 511(a)(2) of the Internal Revenue Code of 1986 which is subject to the tax imposed by section 511(a)(1) of such Code on its unrelated business taxable income, or any organization required to file a return under section 6033 of such Code and include information under subsection (e) thereof, the Secretary may delay the application of the amendments made by this section, but such delay shall not apply to any taxable year beginning on or after the date that is 2 years after the enactment of this Act.”
Effective Date of 2017 Amendment
Amendment by Pub. L. 115–97 applicable to taxable years beginning after , see section 13001(c)(1) of Pub. L. 115–97, set out as a note under section 11 of this title.
Effective Date of 2002 Amendment
Pub. L. 107–276, § 1(b), , 116 Stat. 1929, provided that: “The amendments made by subsection (a) [amending this section] shall take effect as if included in the amendments made by Public Law 106–230.”
Pub. L. 107–276, § 2(c), , 116 Stat. 1931, provided that: “The amendments made by this section [amending this section] shall take effect as if included in the amendments made by Public Law 106–230.”
Pub. L. 107–276, § 5(b), , 116 Stat. 1932, provided that: “The amendment made by subsection (a) [amending this section] shall apply to any tax assessed or amount imposed after .”
Pub. L. 107–276, § 6(h)(1), (2), , 116 Stat. 1934, provided that:
“(1) Subsections (a) and (b).—
The amendments made by subsections (a) and (b) [amending this section] shall apply to failures occurring on or after the date of the enactment of this Act [].
“(2) Subsection (c).—
The amendments made by subsection (c) [amending this section] shall take effect as if included in the amendments made by Public Law 106–230.”
Pub. L. 107–276, § 6(h)(4)–(6), , 116 Stat. 1934, provided that:
“(4) Subsections (e)(1) and (f).—
The amendments made by subsections (e)(1) and (f) [amending this section] shall apply to reports and notices required to be filed more than 30 days after the date of the enactment of this Act [].
“(5) Subsections (e)(2) and (e)(3).—
The amendments made by subsections (e)(2) and (e)(3) [amending this section] shall apply to reports required to be filed on or after .
“(6) Subsection (g).—
“(A) In general.—
The amendments made by subsection (g) [amending this section] shall apply to material changes on or after the date of the enactment of this Act.
“(B) Transition rule.—
In the case of a material change occurring during the 30-day period beginning on the date of the enactment of this Act, a notice under section 527(i) of the Internal Revenue Code of 1986 (as amended by this Act) shall not be required to be filed under such section before the later of—
“(i) 30 days after the date of such material change, or
“(ii) 45 days after the date of the enactment of this Act [].”
Effective Date of 2000 Amendment
Pub. L. 106–230, § 1(d), , 114 Stat. 479, provided that:
“(1) In general.—
Except as provided in paragraphs (2) and (3), the amendments made by this section [amending this section and sections 6104 and 6652 of this title] shall take effect on the date of the enactment of this section [].
“(2) Organizations already in existence.—
In the case of an organization established before the date of the enactment of this section, the time to file the notice under section 527(i)(2) of the Internal Revenue Code of 1986, as added by this section, shall be 30 days after the date of the enactment of this section.
“(3) Information availability.—
The amendment made by subsection (b)(2) [amending section 6104 of this title] shall take effect on the date that is 45 days after the date of the enactment of this section.”
Pub. L. 106–230, § 2(d), , 114 Stat. 482, provided that: “The amendment made by subsection (a) [amending this section] shall apply to expenditures made and contributions received after the date of the enactment of this Act [], except that such amendment shall not apply to expenditures made, or contributions received, after such date pursuant to a contract entered into on or before such date.”
Effective Date of 1988 Amendment
Amendment by Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.
Effective Date of 1986 Amendment
Amendment by Pub. L. 99–514 applicable to taxable years beginning after , see section 151(a) of Pub. L. 99–514, set out as a note under section 1 of this title.
Effective Date of 1984 Amendment
Amendment by section 474(r)(16) of Pub. L. 98–369 applicable to taxable years beginning after , and to carrybacks from such years, see section 475(a) of Pub. L. 98–369, set out as a note under section 21 of this title.
Pub. L. 98–369, div. A, title VII, § 722(c), , 98 Stat. 973, provided that the amendment made by that section is effective for taxable years beginning after .
Effective Date of 1981 Amendment
Pub. L. 97–34, title I, § 128(b), , 95 Stat. 203, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”
Effective Date of 1978 Amendment
Amendment by section 301(b)(6) of Pub. L. 95–600 applicable to taxable years beginning after , see section 301(c) of Pub. L. 95–600, set out as a note under section 11 of this title.
Effective Date of 1978 Amendment; Election Campaign Contributions; Collateral
Pub. L. 95–502, title III, § 302(b), , 92 Stat. 1703, as amended by Pub. L. 99–514, § 2, , 100 Stat. 2095, provided that:
“(1) The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after , except that notwithstanding any other provision of law to the contrary, no amounts held at the date of enactment of this bill [] by an organization described in section 527(e)(1) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] in escrow, in separate accounts for the payment of Federal taxes, or in any other fund which are proceeds described in section 527(c)(3)(D) of such Code may be used, directly or indirectly, to make a contribution or expenditure (as defined in section 301(e) and (f) of the Federal Election Campaign Act of 1971; 2 U.S.C. 431[(e) and] (f) [now 52 U.S.C. 30101(8) and (9)]) in connection with any election held before .
“(2) Such amounts as described in (1) above shall not be considered as security or collateral for any loan by any State or national bank or any other person or organization.”
Effective Date of 1976 Amendment
Amendment by Pub. L. 94–455 applicable with respect to taxable years beginning after , see section 1901(d) of Pub. L. 94–455, set out as a note under section 2 of this title.
Effective Date
Pub. L. 93–625, § 10(e), , 88 Stat. 2119, provided that: “The amendments made by subsections (a), (b), (c), and (d) [enacting this section and amending sections 501 and 6012 of this title] shall apply to taxable years beginning after .”
Notification of Interaction of Reporting Requirements
Pub. L. 107–276, § 4, , 116 Stat. 1932, provided that:
“(a) In General.—
The Secretary of the Treasury, in consultation with the Federal Election Commission, shall publicize—
“(1) the effect of the amendments made by this Act [amending this section and sections 6012, 6033, 6104, and 7207 of this title], and
“(2) the interaction of requirements to file a notification or report under section 527 of the Internal Revenue Code of 1986 and reports under the Federal Election Campaign Act of 1971 [52 U.S.C. 30101 et seq.].
“(b) Information.—
Information provided under subsection (a) shall be included in any appropriate form, instruction, notice, or other guidance issued to the public by the Secretary of the Treasury or the Federal Election Commission regarding reporting requirements of political organizations (as defined in section 527 of the Internal Revenue Code of 1986) or reporting requirements under the Federal Election Campaign Act of 1971 [52 U.S.C. 30101 et seq.].”
Credits
1975–2019 · 13 acts
- 1975Added Pub. L. 93–625, § 10(a), , 88 Stat. 2116
- 1976amended Pub. L. 94–455, title XIX, § 1901(b)(33)(C), , 90 Stat. 1801
- 1978Pub. L. 95–502, title III, § 302(a), , 92 Stat. 1702
- 1978Pub. L. 95–600, title III, § 301(b)(6), , 92 Stat. 2821
- 1981Pub. L. 97–34, title I, § 128(a), , 95 Stat. 203
- 1984Pub. L. 98–369, div. A, title IV, § 474(r)(16), title VII, § 722(c), , 98 Stat. 843, 973
- 1986Pub. L. 99–514, title I, § 112(b)(1), , 100 Stat. 2108
- 1988Pub. L. 100–647, title I, § 1001(b)(3)(B), , 102 Stat. 3349
- 2000Pub. L. 106–230, §§ 1(a), 2(a), , 114 Stat. 477, 479
- 2002Pub. L. 107–276, §§ 1(a), 2(a), (b), 5(a), 6(a)–(c), (e)–(g), , 116 Stat. 1929, 1932–1934
- 2014Pub. L. 113–295, div. A, title II, § 220(l), , 128 Stat. 4036
- 2017Pub. L. 115–97, title I, § 13001(b)(2)(D), , 131 Stat. 2096
- 2019Pub. L. 116–25, title III, § 3101(b)(1), , 133 Stat. 1015.
Show as published
(Added Pub. L. 93–625, § 10(a), , 88 Stat. 2116; amended Pub. L. 94–455, title XIX, § 1901(b)(33)(C), , 90 Stat. 1801; Pub. L. 95–502, title III, § 302(a), , 92 Stat. 1702; Pub. L. 95–600, title III, § 301(b)(6), , 92 Stat. 2821; Pub. L. 97–34, title I, § 128(a), , 95 Stat. 203; Pub. L. 98–369, div. A, title IV, § 474(r)(16), title VII, § 722(c), , 98 Stat. 843, 973; Pub. L. 99–514, title I, § 112(b)(1), , 100 Stat. 2108; Pub. L. 100–647, title I, § 1001(b)(3)(B), , 102 Stat. 3349; Pub. L. 106–230, §§ 1(a), 2(a), , 114 Stat. 477, 479; Pub. L. 107–276, §§ 1(a), 2(a), (b), 5(a), 6(a)–(c), (e)–(g), , 116 Stat. 1929, 1932–1934; Pub. L. 113–295, div. A, title II, § 220(l), , 128 Stat. 4036; Pub. L. 115–97, title I, § 13001(b)(2)(D), , 131 Stat. 2096; Pub. L. 116–25, title III, § 3101(b)(1), , 133 Stat. 1015.)