A bill to amend the Internal Revenue Code of 1954 with respect to lobbying by certain types of exempt organizations.

Summary

Provides that a charitable organization shall be denied exemption from taxation under the Internal Revenue Code where amounts paid or incurred by such organization during each taxable year to influence legislation, including an attempt to affect the opinion of the general public, normally exceeds five percent of the yearly expenditures; or where such amounts exceed twenty percent of the yearly expenditures in any attempt to influence legislation, on a matter which directly affects any purpose for which the organization is organized, through communication with its own members or with any member or employee of a legislative body, or with any other government official or employee who may participate in the formulation of the legislation. Defines charitable organization for purposes of this Act, and designates certain activities which are not included within the term "influence legislation". Provides that no income tax deduction shall be allowed for a contribution to a charitable organization if the contribution is made for the purpose of influencing legislation. (Amends 26 U.S.C. 501, 170)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 April 1973

   Introduced

   Introduced in House

   Source: IntroReferral

2. 4 April 1973

   Introduced

   Referred to House Committee on Ways and Means..

   Source: IntroReferral

3. 4 April 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 4 April 1973

  Open at official source

Sponsors

• Rep. Symington, James W. [D-MO-2] · D · Sponsor
• Rep. Rodino, Peter W., Jr. [D-NJ-10] · D · Cosponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 with respect to lobbying by certain types of exempt organizations.