377
HR 1836 EAS
(i), the term ‘private activity bond’ shall
not include any exempt facility bond issued
as part of an issue described in section
142(a)(4) (relating to facilities for the fur-
nishing of water), but only to the extent the
property to be financed by the net proceeds
of 
the 
issue 
is 
described 
in 
section
142(e)(2).’’.
(d) EFFECTIVE DATE.—The amendments made by this
section shall apply to bonds issued after the date of the en-
actment of this Act.
SEC. 815. TIME FOR PAYMENT OF CORPORATE ESTIMATED
TAX PAYMENTS DUE IN 2011.
Notwithstanding section 6655 of the Internal Revenue
Code of 1986, the amount of any required installment of
any corporate estimated tax payment due under such sec-
tion in July, August, or September of 2011 shall be equal
to 170 percent of the amount of such installment determined
without regard to this section.
SEC. 816. DISCLOSURE OF TAX INFORMATION TO FACILI-
TATE COMBINED EMPLOYMENT TAX REPORT-
ING.
Section 6103(d)(5) is amended to read as follows:
‘‘(5) DISCLOSURE FOR COMBINED EMPLOYMENT
TAX REPORTING.—The Secretary may disclose tax-
378
HR 1836 EAS
payer identity information and signatures to any
agency, body, or commission of any State for the pur-
pose of carrying out with such agency, body, or com-
mission a combined Federal and State employment
tax reporting program approved by the Secretary.
Subsections (a)(2) and (p)(4) and sections 7213 and
7213A shall not apply with respect to disclosures or
inspections made pursuant to this paragraph.’’.
Subtitle B—Compliance With
Congressional Budget Act
SEC. 821. SUNSET OF PROVISIONS OF TITLE.
All provisions of, and amendments made by, this title
which are in effect on September 30, 2011, shall cease to
apply as of the close of September 30, 2011.
TITLE IX—SECTION 527 POLIT-
ICAL ORGANIZATION REPORT-
ING REQUIREMENTS
SEC. 901. EXEMPTION FOR STATE AND LOCAL CANDIDATE
COMMITTEES FROM NOTIFICATION REQUIRE-
MENTS.
(a) EXEMPTION
FROM
NOTIFICATION
REQUIRE-
MENTS.—Paragraph (5) of section 527(i) (relating to orga-
nizations 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 sub-
379
HR 1836 EAS
paragraph (B) and inserting ‘‘, or’’, and by adding at the
end the following:
‘‘(C) which is a political committee of a
State or local candidate.’’.
(b) EFFECTIVE DATE.—The amendment made by sub-
section (a) shall take effect as if included in the amendments
made by Public Law 106–230.
SEC. 902. EXEMPTION FOR CERTAIN STATE AND LOCAL PO-
LITICAL COMMITTEES FROM REPORTING AND
ANNUAL RETURN REQUIREMENTS.
(a) EXEMPTION FROM REPORTING REQUIREMENTS.—
(1) IN GENERAL.—Section 527(j)(5) (relating to
coordination with other requirements) is amended by
striking ‘‘or’’ at the end of subparagraph (D), by
striking the period at the end of subparagraph (E)
and inserting ‘‘, or’’, and by adding at the end the
following:
‘‘(F) to any organization described in para-
graph (7), but only if, during the calendar
year—
‘‘(i) such organization is required by
State or local law to report, and such orga-
nization reports, information regarding
each separate expenditure and contribution
(including information regarding the person
380
HR 1836 EAS
who makes such contribution or receives
such expenditure) with respect to which in-
formation would otherwise be required to be
reported under this subsection, and
‘‘(ii) such information is made public
by the agency with which such information
is filed and is publicly available for inspec-
tion in a manner similar to reports under
section 6104(d)(1).
An organization shall not be treated as failing to
meet the requirements of subparagraph (F)(i) solely
because the minimum amount of any expenditure or
contribution required to be reported under State or
local law is greater (but not by more than $100) than
the minimum amount required under this sub-
section.’’.
(2) DESCRIPTION
OF
ORGANIZATION.—Section
527(j) is amended by adding at the end the following:
‘‘(7) CERTAIN
ORGANIZATIONS.—An organiza-
tion is described in this paragraph if—
‘‘(A) such organization is not described in
subparagraph (A), (B), (C), or (D) of paragraph
(5),
‘‘(B) such organization does not engage in
any exempt function activities other than activi-
381
HR 1836 EAS
ties for the purpose 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, and
‘‘(C) no candidate for Federal office or indi-
vidual holding Federal office—
‘‘(i) controls or materially participates
in the direction of such organization,
‘‘(ii) solicits any contributions to such
organization, or
‘‘(iii) directs, in whole or in part, any
expenditure made by such organization.’’.
(b) EXEMPTION FROM REQUIREMENTS FOR ANNUAL
RETURN BASED ON GROSS RECEIPTS.—Paragraph (6) of
section 6012(a) (relating to persons required to make re-
turns of income) is amended by striking ‘‘organization,
which’’ and all that follows through ‘‘section)’’ and insert-
ing ‘‘organization—
‘‘(A) which has political organization tax-
able income (within the meaning of section
527(c)(1)) for the taxable year, or
‘‘(B) which—
‘‘(i) is not a political committee of a
State or local candidate or an organization
382
HR 1836 EAS
to which section 527 applies solely by rea-
son of subsection (f)(1) of such section, and
‘‘(ii) has gross receipts of—
‘‘(I) in the case of political orga-
nization 
described 
in 
section
527(j)(5)(F), $100,000 or more for the
taxable year, and
‘‘(II) in the case of any other po-
litical organization, $25,000 or more
for the taxable year’’.
(c) EFFECTIVE DATE.—The amendments made by this
section shall take effect as if included in the amendments
made by Public Law 106–230.
SEC. 903. NOTIFICATION OF INTERACTION OF REPORTING
REQUIREMENTS.
(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
title, and
(2) the interaction of requirements to file a noti-
fication or report under section 527 of the Internal
Revenue Code of 1986 and reports under the Federal
Election Campaign Act of 1971.
383
HR 1836 EAS
(b) INFORMATION.—Information provided under sub-
section (a) shall be included in any appropriate form, in-
struction, notice, or other guidance issued to the public by
the Secretary of the Treasury or the Federal Election Com-
mission regarding reporting requirements of political orga-
nizations (as defined in section 527 of the Internal Revenue
Code of 1986) or reporting requirements under the Federal
Election Campaign Act of 1971.
SEC. 904. WAIVER OF PENALTIES.
(a) WAIVER OF FILING PENALTIES.—Section 527 is
amended by adding at the end the following:
‘‘(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 give notice under
subsection (i), or
‘‘(2) penalty imposed under subsection (j) for a
failure to file a report,
on a showing that such failure was due to reasonable cause
and not due to willful neglect.’’.
HR 1836 EAS——2
HR 1836 EAS——3
HR 1836 EAS——4
HR 1836 EAS——5
HR 1836 EAS——6
HR 1836 EAS——7
HR 1836 EAS——8
HR 1836 EAS——9
HR 1836 EAS——10
HR 1836 EAS——11
HR 1836 EAS——12
HR 1836 EAS——13
HR 1836 EAS——14
HR 1836 EAS——15
HR 1836 EAS——16
HR 1836 EAS——17
HR 1836 EAS——18
HR 1836 EAS——19
HR 1836 EAS——20
HR 1836 EAS——21
HR 1836 EAS——22
HR 1836 EAS——23
HR 1836 EAS——24
HR 1836 EAS——25