HR 4180
107th Congress
House
Taxation
Campaign funds
Congress
Congressional candidates
Election candidates
Electronic data interchange
Electronic government information
Fraud
Government Operations and Politics
Government paperwork
Government publicity
Political action committees
Presidential candidates
Science, Technology, Communications
State laws
Tax penalties
Tax returns
Tax-exempt organizations
To amend section 527 of the Internal Revenue Code of 1986 to eliminate notification and return requirements for State and local political committees and candidate committees and avoid duplicate reporting by certain State and local political committees of information required to be reported and made publicly available under State law, and for other purposes.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 11, 2002
Referred to the House Committee on Ways and Means.
Apr 11, 2002
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exempt State and local committees of candidates and of political parties from specified notification requirements. Exempts certain "exempt State or local political organizations" from specified reporting requirements. Defines "exempt State and local political organizations."
Modifies characteristics of political organizations obligated to complete an informational return, such that specified political organizations with $25,000 or more in annual gross receipts must file, as well as "exempt state and local political organizations" with annual gross receipts of $100,000 or more. Directs the Secretary of the Treasury to review the components of such returns. Authorizes the Secretary to waive certain penalties for notification and reporting violations.
Obligates political organizations to inform the Secretary whether they plan to seek exemptions from financial or informational returns.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1