S 3284 115th Congress Senate Taxation Administrative law and regulatory procedures Department of the Treasury Government information and archives Internal Revenue Service (IRS) Labor-management relations Tax administration and collection, taxpayers Tax-exempt organizations

Spotlight Act

Introduced: July 26, 2018 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 26, 2018

Read twice and referred to the Committee on Finance.

Jul 26, 2018

Introduced in Senate

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Plain-English summary Congressional Research Service

Spotlight Act

This bill repeals an Internal Revenue Service (IRS) revenue procedure (Rev. Proc. 2018-38) that exempts certain tax-exempt organizations that are not 501(c)(3) organizations from the requirement to report the names and addresses of substantial contributors (persons who contribute more than $5,000 per year) on information returns that are filed with the IRS.

The bill requires tax-exempt organizations that fall under sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code (e.g., social welfare organizations, labor organizations, business leagues) to disclose the names and addresses of all substantial contributors on their returns. The information must also be made available to the public.

The bill also eliminates the authority of the IRS to provide exceptions to the disclosure requirements for tax-exempt organizations. This provision does not apply to determinations made by the IRS before July 16, 2018.

What's happening now July 26, 2018

Read twice and referred to the Committee on Finance.

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