501(c)(4) Reform Act of 2015

Bill: 114-hr-3485
Sponsor: full_name: Rep. Lujan Grisham, Michelle [D-NM-1]
Introduced: 2015-09-10
Policy area: Taxation
Subjects: Elections, voting, political campaign regulation

Political advertising

Tax-exempt organizations
Latest action: action_date: 2015-09-10
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-09-10
action_desc: Introduced in House
text: <p><strong>501(c)(4) Reform Act of 2015</strong></p> <p>This bill amends the Internal Revenue Code, with respect to the tax exemption for civic leagues or organizations operated for the promotion of social welfare, to prohibit such entities from participating or intervening (including the publishing or distributing of statements) in any political campaign on behalf of, or in opposition to, any candidate for public office.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3485 IN THE HOUSE OF REPRESENTATIVES September 10, 2015 Ms. Michelle Lujan Grisham of New Mexico introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to prohibit 501(c)(4) entities from participating in, or intervening in (including the publishing or distributing of statements), any political campaign.

1. Short title This Act may be cited as the 501(c)(4) Reform Act of 2015 . 2. 501(c)(4) entities prohibited from participating in, or intervening in (including the publishing or distributing of statements), political campaigns (a) In general Section 501(c)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following: (C) Subparagraph (A) shall not apply to an entity if the entity participates in, or intervenes in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office. . (b) Effective date The amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.