115th CONGRESS 1st Session |
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.
May 3, 2017
Ms. Michelle Lujan Grisham of New Mexico introduced the following bill; which was referred to the Committee on Ways and Means
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “501(c)(4) Reform Act of 2017”.
SEC. 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.