Source: https://www.law.cornell.edu/uscode/text/26/276
Timestamp: 2018-05-25 10:59:05
Document Index: 247473828

Matched Legal Cases: ['§ 276', '§ 276', '§ 276', '§\u202f276', '§\u202f301', '§\u202f108', '§\u202f406', '§\u202f108', '§\u202f301', '§\u202f10']

26 U.S. Code § 276 - Certain indirect contributions to political parties | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter B › Part IX › § 276
26 U.S. Code § 276 - Certain indirect contributions to political parties
§ 276.
Certain indirect contributions to political parties
(a) Disallowance of deductionNo deduction otherwise allowable under this chapter shall be allowed for any amount paid or incurred for—
(1) Political partyThe term “political party” means—
a committee, association, or organization, whether incorporated or not, which directly or indirectly accepts contributions (as defined in section 271(b)(2)) or make expenditures (as defined in section 271(b)(3)) for the purpose of influencing or attempting to influence the selection, nomination, or election of any individual to any Federal, State, or local elective public office, or the election of presidential and vice-presidential electors, whether or not such individual or electors are selected, nominated, or elected.
(2) Proceeds inuring to or for the use of political candidatesProceeds shall be treated as inuring to or for the use of a political candidate only if—
(Added Pub. L. 89–368, title III, § 301(a), Mar. 15, 1966, 80 Stat. 66; amended Pub. L. 90–364, title I, § 108(a), June 28, 1968, 82 Stat. 268; Pub. L. 93–443, title IV, § 406(d), Oct. 15, 1974, 88 Stat. 1296.)
1974—Subsecs. (c), (d). Pub. L. 93–443 struck out subsec. (c) relating to advertising in a convention program of a national political convention, and redesignated subsec. (d) as (c).
1968—Subsecs. (c), (d). Pub. L. 90–364 added subsec. (c) and redesignated former subsec. (c) as (d).
Pub. L. 90–364, title I, § 108(b), June 28, 1968, 82 Stat. 269, provided that:
“The amendments made by subsection (a) [amending this section] shall apply with respect to amounts paid or incurred on or after January 1, 1968.”
Pub. L. 89–368, title III, § 301(c), Mar. 15, 1966, 80 Stat. 67, provided that:
“The amendments made by subsections (a) and (b) [enacting this section] shall apply to taxable years beginning after December 31, 1965, but only with respect to amounts paid or incurred after the date of the enactment of this Act [Mar. 15, 1966].”
Pub. L. 90–346, June 18, 1968, 82 Stat. 183, provided for advertising in a convention program of a national political convention, applicable with respect to amounts paid or incurred on or after Jan. 1, 1968, prior to repeal by Pub. L. 93–625, § 10(g), Jan. 3, 1975, 88 Stat. 2119.