Limiting Political Spending by Non-Profits and Increasing Donor Transparency.
This bill aims to restrict how much money certain non-profit organizations (501(c)(4) entities) can spend on political activities. If they spend more than 10% of their total funds on politics, they could lose their special tax status. Additionally, these organizations will be required to disclose donors who contribute $5,000 or more, increasing transparency in political funding.
Key points
501(c)(4) non-profit organizations will be limited to spending no more than 10% of their total expenditures on political activities, such as supporting candidates or parties.
These organizations will be required to publicly disclose the names and addresses of donors contributing $5,000 or more, aiming to increase transparency in political financing.
The bill introduces a clear definition of "political intervention," specifying which activities are considered political, with certain exceptions, such as for voter education.
Status:
Expired
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