title: 527 Organizations: Reporting Requirements Imposed on Political
 Organizations after the Enactment of P.L. 106-230
creator: Morris, Marie B.
publisher: Library of Congress. Congressional Research Service.
date: 2001-03-19
language: English
description: On July 1, 2000, President Clinton signed H.R. 4762, P.L. 106-230.
 The law amended the Internal Revenue Code [IRC] to require political
 organizations described in IRC § 527 to disclose their political activities,
 if they were not already required to do so by the Federal Election Campaign
 Act [FECA]. This report summarizes the three major changes made by the law and
 some of the major responses to the legislation. First, all 527 organizations
 which expect to have over $25,000 in gross receipts during a taxable year and
 which are not required to report to the Federal Election Commission
[FEC] are
 required to register with the IRS within 24 hours of their formation, whether
 they are involved in state, local, or federal elections. Second, 527 issue
 advocacy organizations, which previously reported neither to the IRS nor the
 FEC, are required
to file regular disclosure statements with the IRS. Third,
 all 527 organizations with gross receipts in excess of $25,000 per year are
 required to file annual reports with the IRS. The registration statements,
 disclosure forms, and annual reports will be made public.
H.R. 527 and S. 527
 in the 107th Congress would exempt most state and local 527 organizations from
 the requirements of P.L. 106-230.
subject: Taxation
subject: Political parties
subject: Political action committees
subject: Internal revenue law
coverage: 2001
rights: Public
type: Report
format: 5 pages.
format: Text
identifier: crs: RS20650
identifier: local-cont-no: RS20650 2001-03-19
identifier: https://digital.library.unt.edu/ark:/67531/metacrs1965/
identifier: ark: ark:/67531/metacrs1965