§ 527. — Political organizations.
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From the U.S. Code Online via GPO Access
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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 26USC527]
TITLE 26--INTERNAL REVENUE CODE
Subtitle A--Income Taxes
CHAPTER 1--NORMAL TAXES AND SURTAXES
Subchapter F--Exempt Organizations
PART VI--POLITICAL ORGANIZATIONS
Sec. 527. Political organizations
(a) General rule
A political organization shall be subject to taxation under this
subtitle only to the extent provided in this section. A political
organization shall be considered an organization exempt from income
taxes for the purpose of any law which refers to organizations exempt
from income taxes.
(b) Tax imposed
(1) In general
A tax is hereby imposed for each taxable year on the political
organization taxable income of every political organization. Such
tax shall be computed by multiplying the political organization
taxable income by the highest rate of tax specified in section
11(b).
(2) Alternative tax in case of capital gains
If for any taxable year any political organization has a net
capital gain, then, in lieu of the tax imposed by paragraph (1),
there is hereby imposed a tax (if such a tax is less than the tax
imposed by paragraph (1)) which shall consist of the sum of--
(A) a partial tax, computed as provided by paragraph (1), on
the political organization taxable income determined by reducing
such income by the amount of such gain, and
(B) an amount determined as provided in section 1201(a) on
such gain.
(c) Political organization taxable income defined
(1) Taxable income defined
For purposes of this section, the political organization taxable
income of any organization for any taxable year is an amount equal
to the excess (if any) of--
(A) the gross income for the taxable year (excluding any
exempt function income), over
(B) the deductions allowed by this chapter which are
directly connected with the production of the gross income
(excluding exempt function income), computed with the
modifications provided in paragraph (2).
(2) Modifications
For purposes of this subsection--
(A) there shall be allowed a specific deduction of $100,
(B) no net operating loss deduction shall be allowed under
section 172, and
(C) no deduction shall be allowed under part VIII of
subchapter B (relating to special deductions for corporations).
(3) Exempt function income
For purposes of this subsection, the term ``exempt function
income'' means any amount received as--
(A) a contribution of money or other property,
(B) membership dues, a membership fee or assessment from a
member of the political organization,
(C) proceeds from a political fundraising or entertainment
event, or proceeds from the sale of political campaign
materials, which are not received in the ordinary course of any
trade or business, or
(D) proceeds from the conducting of any bingo game (as
defined in section 513(f)(2)),
to the extent such amount is segregated for use only for the exempt
function of the political organization.
(d) Certain uses not treated as income to candidate
For purposes of this title, if any political organization--
(1) contributes any amount to or for the use of any political
organization which is treated as exempt from tax under subsection
(a) of this section,
(2) contributes any amount to or for the use of any organization
described in paragraph (1) or (2) of section 509(a) which is exempt
from tax under section 501(a), or
(3) deposits any amount in the general fund of the Treasury or
in the general fund of any State or local government,
such amount shall be treated as an amount not diverted for the personal
use of the candidate or any other person. No deduction shall be allowed
under this title for the contribution or deposit of any amount described
in the preceding sentence.
(e) Other definitions
For purposes of this section--
(1) Political organization
The term ``political organization'' means a party, committee,
association, fund, or other organization (whether or not
incorporated) organized and operated primarily for the purpose of
directly or indirectly accepting contributions or making
expenditures, or both, for an exempt function.
(2) Exempt function
The term ``exempt function'' means the function of influencing
or attempting to influence the selection, nomination, election, or
appointment of any individual to any Federal, State, or local public
office or office in a political organization, or the election of
Presidential or Vice-Presidential electors, whether or not such
individual or electors are selected, nominated, elected, or
appointed. Such term includes the making of expenditures relating to
an office described in the preceding sentence which, if incurred by
the individual, would be allowable as a deduction under section
162(a).
(3) Contributions
The term ``contributions'' has the meaning given to such term by
section 271(b)(2).
(4) Expenditures
The term ``expenditures'' has the meaning given to such term by
section 271(b)(3).
(5) Qualified State or local political organization
(A) In general
The term ``qualified State or local political organization''
means a political organization--
(i) all the exempt functions of which are solely for the
purposes 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,
(ii) which is subject to State law that requires the
organization to report (and it so reports)--
(I) information regarding each separate expenditure
from and contribution to such organization, and
(II) information regarding the person who makes such
contribution or receives such expenditure,
which would otherwise be required to be reported under this
section, and
(iii) with respect to which the reports referred to in
clause (ii) are (I) made public by the agency with which
such reports are filed, and (II) made publicly available for
inspection by the organization in the manner described in
section 6104(d).
(B) Certain State law differences disregarded
An organization shall not be treated as failing to meet the
requirements of subparagraph (A)(ii) solely by reason of 1 or
more of the following:
(i) The minimum amount of any expenditure or
contribution required to be reported under State law is not
more than $300 greater than the minimum amount required to
be reported under subsection (j).
(ii) The State law does not require the organization to
identify 1 or more of the following:
(I) The employer of any person who makes
contributions to the organization.
(II) The occupation of any person who makes
contributions to the organization.
(III) The employer of any person who receives
expenditures from the organization.
(IV) The occupation of any person who receives
expenditures from the organization.
(V) The purpose of any expenditure of the
organization.
(VI) The date any contribution was made to the
organization.
(VII) The date of any expenditure of the
organization.
(C) De minimis errors
An organization shall not fail to be treated as a qualified
State or local political organization solely because such
organization makes de minimis errors in complying with the State
reporting requirements and the public inspection requirements
described in subparagraph (A) as long as the organization
corrects such errors within a reasonable period after the
organization becomes aware of such errors.
(D) Participation of Federal candidate or office holder
The term ``qualified State or local political organization''
shall not include any organization otherwise described in
subparagraph (A) if a candidate for nomination or election to
Federal elective public office or an individual who holds such
office--
(i) controls or materially participates in the direction
of the organization,
(ii) solicits contributions to the organization (unless
the Secretary determines that such solicitations resulted in
de minimis contributions and were made without the prior
knowledge and consent, whether explicit or implicit, of the
organization or its officers, directors, agents, or
employees), or
(iii) directs, in whole or in part, disbursements by the
organization.
(f) Exempt organization, which is not political organization, must
include certain amounts in gross income
(1) In general
If an organization described in section 501(c) which is exempt
from tax under section 501(a) expends any amount during the taxable
year directly (or through another organization) for an exempt
function (within the meaning of subsection (e)(2)), then,
notwithstanding any other provision of law, there shall be included
in the gross income of such organization for the taxable year, and
shall be subject to tax under subsection (b) as if it constituted
political organization taxable income, an amount equal to the lesser
of--
(A) the net investment income of such organization for the
taxable year, or
(B) the aggregate amount so expended during the taxable year
for such an exempt function.
(2) Net investment income
For purposes of this subsection, the term ``net investment
income'' means the excess of--
(A) the gross amount of income from interest, dividends,
rents, and royalties, plus the excess (if any) of gains from the
sale or exchange of assets over the losses from the sale or
exchange of assets, over
(B) the deductions allowed by this chapter which are
directly connected with the production of the income referred to
in subparagraph (A).
For purposes of the preceding sentence, there shall not be taken
into account items taken into account for purposes of the tax
imposed by section 511 (relating to tax on unrelated business
income).
(3) Certain separate segregated funds
For purposes of this subsection and subsection (e)(1), a
separate segregated fund (within the meaning of section 610 of title
18) or of any similar State statute, or within the meaning of any
State statute which permits the segregation of dues moneys for
exempt functions (within the meaning of subsection (e)(2)) which is
maintained by an organization described in section 501(c) which is
exempt from tax under section 501(a) shall be treated as a separate
organization.
(g) Treatment of newsletter funds
(1) In general
For purposes of this section, a fund established and maintained
by an individual who holds, has been elected to, or is a candidate
(within the meaning of paragraph (3)) for nomination or election to,
any Federal, State, or local elective public office, for use by such
individual exclusively for the preparation and circulation of such
individual's newsletter shall, except as provided in paragraph (2),
be treated as if such fund constituted a political organization.
(2) Additional modifications
In the case of any fund described in paragraph (1)--
(A) the exempt function shall be only the preparation and
circulation of the newsletter, and
(B) the specific deduction provided by subsection (c)(2)(A)
shall not be allowed.
(3) Candidate
For purposes of paragraph (1), the term ``candidate'' means,
with respect to any Federal, State, or local elective public office,
an individual who--
(A) publicly announces that he is a candidate for nomination
or election to such office, and
(B) meets the qualifications prescribed by law to hold such
office.
(h) Special rule for principal campaign committees
(1) In general
In the case of a political organization, which is a principal
campaign committee, paragraph (1) of subsection (b) shall be applied
by substituting ``the appropriate rates'' for ``the highest rate''.
(2) Principal campaign committee defined
(A) In general
For purposes of this subsection, the term ``principal
campaign committee'' means the political committee designated by
a candidate for Congress as his principal campaign committee for
purposes of--
(i) section 302(e) of the Federal Election Campaign Act
of 1971 (2 U.S.C. 432(e)), and
(ii) this subsection.
(B) Designation
A candidate may have only 1 designation in effect under
subparagraph (A)(ii) at any time and such designation--
(i) shall be made at such time and in such manner as the
Secretary may prescribed by regulations, and
(ii) once made, may be revoked only with the consent of
the Secretary.
Nothing in this subsection shall be construed to require any
designation where there is only one political committee with
respect to a candidate.
(i) Organizations must notify Secretary that they are section 527
organizations
(1) In general
Except as provided in paragraph (5), an organization shall not
be treated as an organization described in this section--
(A) unless it has given notice to the Secretary
electronically that it is to be so treated, or
(B) if the notice is given after the time required under
paragraph (2), the organization shall not be so treated for any
period before such notice is given or, in the case of any
material change in the information required under paragraph (3),
for the period beginning on the date on which the material
change occurs and ending on the date on which such notice is
given.
(2) Time to give notice
The notice required under paragraph (1) shall be transmitted not
later than 24 hours after the date on which the organization is
established or, in the case of any material change in the
information required under paragraph (3), not later than 30 days
after such material change.
(3) Contents of notice
The notice required under paragraph (1) shall include
information regarding--
(A) the name and address of the organization (including any
business address, if different) and its electronic mailing
address,
(B) the purpose of the organization,
(C) the names and addresses of its officers, highly
compensated employees, contact person, custodian of records, and
members of its Board of Directors,
(D) the name and address of, and relationship to, any
related entities (within the meaning of section 168(h)(4)),
(E) whether the organization intends to claim an exemption
from the requirements of subsection (j) or section 6033, and
(F) such other information as the Secretary may require to
carry out the internal revenue laws.
(4) Effect of failure
In the case of an organization failing to meet the requirements
of paragraph (1) for any period, the taxable income of such
organization shall be computed by taking into account any exempt
function income (and any deductions directly connected with the
production of such income) or, in the case of a failure relating to
a material change, by taking into account such income and deductions
only during the period beginning on the date on which the material
change occurs and ending on the date on which notice is given under
this subsection. For purposes of the preceding sentence, the term
``exempt function income'' means any amount described in a
subparagraph of subsection (c)(3), whether or not segregated for use
for an exempt function.
(5) Exceptions
This subsection shall not apply to any organization--
(A) to which this section applies solely by reason of
subsection (f)(1),
(B) which reasonably anticipates that it will not have gross
receipts of $25,000 or more for any taxable year, or
(C) which is a political committee of a State or local
candidate or which is a State or local committee of a political
party.
(6) Coordination with other requirements
This subsection shall not apply to any person required (without
regard to this subsection) to report under the Federal Election
Campaign Act of 1971 (2 U.S.C. 431 et seq.) as a political
committee.
(j) Required disclosure of expenditures and contributions
(1) Penalty for failure
In the case of--
(A) a failure to make the required disclosures under
paragraph (2) at the time and in the manner prescribed therefor,
or
(B) a failure to include any of the information required to
be shown by such disclosures or to show the correct information,
there shall be paid by the organization an amount equal to the rate
of tax specified in subsection (b)(1) multiplied by the amount to
which the failure relates. For purposes of subtitle F, the amount
imposed by this paragraph shall be assessed and collected in the
same manner as penalties imposed by section 6652(c).
(2) Required disclosure
A political organization which accepts a contribution, or makes
an expenditure, for an exempt function during any calendar year
shall file with the Secretary either--
(A)(i) in the case of a calendar year in which a regularly
scheduled election is held--
(I) quarterly reports, beginning with the first quarter
of the calendar year in which a contribution is accepted or
expenditure is made, which shall be filed not later than the
fifteenth day after the last day of each calendar quarter,
except that the report for the quarter ending on December 31
of such calendar year shall be filed not later than January
31 of the following calendar year,
(II) a pre-election report, which shall be filed not
later than the twelfth day before (or posted by registered
or certified mail not later than the fifteenth day before)
any election with respect to which the organization makes a
contribution or expenditure, and which shall be complete as
of the twentieth day before the election, and
(III) a post-general election report, which shall be
filed not later than the thirtieth day after the general
election and which shall be complete as of the twentieth day
after such general election, and
(ii) in the case of any other calendar year, a report
covering the period beginning January 1 and ending June 30,
which shall be filed no later than July 31 and a report covering
the period beginning July 1 and ending December 31, which shall
be filed no later than January 31 of the following calendar
year, or
(B) monthly reports for the calendar year, beginning with
the first month of the calendar year in which a contribution is
accepted or expenditure is made, which shall be filed not later
than the twentieth day after the last day of the month and shall
be complete as if the last day of the month, except that, in
lieu of filing the reports otherwise due in November and
December of any year in which a regularly scheduled general
election is held, a pre-general election report shall be filed
in accordance with subparagraph (A)(i)(II), a post-general
election report shall be filed in accordance with subparagraph
(A)(i)(III), and a year end report shall be filed not later than
January 31 of the following calendar year.
(3) Contents of report
A report required under paragraph (2) shall contain the
following information:
(A) The amount, date, and purpose of each expenditure made
to a person if the aggregate amount of expenditures to such
person during the calendar year equals or exceeds $500 and the
name and address of the person (in the case of an individual,
including the occupation and name of employer of such
individual).
(B) The name and address (in the case of an individual,
including the occupation and name of employer of such
individual) of all contributors which contributed an aggregate
amount of $200 or more to the organization during the calendar
year and the amount and date of the contribution.
Any expenditure or contribution disclosed in a previous reporting
period is not required to be included in the current reporting
period.
(4) Contracts to spend or contribute
For purposes of this subsection, a person shall be treated as
having made an expenditure or contribution if the person has
contracted or is otherwise obligated to make the expenditure or
contribution.
(5) Coordination with other requirements
This subsection shall not apply--
(A) to any person required (without regard to this
subsection) to report under the Federal Election Campaign Act of
1971 (2 U.S.C. 431 et seq.) as a political committee,
(B) to any State or local committee of a political party or
political committee of a State or local candidate,
(C) to any organization which is a qualified State or local
political organization,
(D) to any organization which reasonably anticipates that it
will not have gross receipts of $25,000 or more for any taxable
year,
(E) to any organization to which this section applies solely
by reason of subsection (f)(1), or
(F) with respect to any expenditure which is an independent
expenditure (as defined in section 301 of such Act).
(6) Election
For purposes of this subsection, the term ``election'' means--
(A) a general, special, primary, or runoff election for a
Federal office,
(B) a convention or caucus of a political party which has
authority to nominate a candidate for Federal office,
(C) a primary election held for the selection of delegates
to a national nominating convention of a political party, or
(D) a primary election held for the expression of a
preference for the nomination of individuals for election to the
office of President.
(7) Electronic filing
Any report required under paragraph (2) with respect to any
calendar year shall be filed in electronic form if the organization
has, or has reason to expect to have, contributions exceeding
$50,000 or expenditures exceeding $50,000 in such calendar year.
(k) Public availability of notices and reports
(1) In general
The Secretary shall make any notice described in subsection
(i)(1) or report described in subsection (j)(7) available for public
inspection on the Internet not later than 48 hours after such notice
or report has been filed (in addition to such public availability as
may be made under section 6104(d)(7)).
(2) Access
The Secretary shall make the entire database of notices and
reports which are made available to the public under paragraph (1)
searchable by the following items (to the extent the items are
required to be included in the notices and reports):
(A) Names, States, zip codes, custodians of records,
directors, and general purposes of the organizations.
(B) Entities related to the organizations.
(C) Contributors to the organizations.
(D) Employers of such contributors.
(E) Recipients of expenditures by the organizations.
(F) Ranges of contributions and expenditures.
(G) Time periods of the notices and reports.
Such database shall be downloadable.
(l) 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 comply with the requirements of subsection (i),
or
(2) amount imposed under subsection (j) for a failure to comply
with the requirements thereof,
on a showing that such failure was due to reasonable cause and not due
to willful neglect.
(Added Pub. L. 93-625, Sec. 10(a), Jan. 3, 1975, 88 Stat. 2116; amended
Pub. L. 94-455, title XIX, Sec. 1901(b)(33)(C), Oct. 4, 1976, 90 Stat.
1801; Pub. L. 95-502, title III, Sec. 302(a), Oct. 21, 1978, 92 Stat.
1702; Pub. L. 95-600, title III, Sec. 301(b)(6), Nov. 6, 1978, 92 Stat.
2821; Pub. L. 97-34, title I, Sec. 128(a), Aug. 13, 1981, 95 Stat. 203;
Pub. L. 98-369, div. A, title IV, Sec. 474(r)(16), title VII,
Sec. 722(c), July 18, 1984, 98 Stat. 843, 973; Pub. L. 99-514, title I,
Sec. 112(b)(1), Oct. 22, 1986, 100 Stat. 2108; Pub. L. 100-647, title I,
Sec. 1001(b)(3)(B), Nov. 10, 1988, 102 Stat. 3349; Pub. L. 106-230,
Secs. 1(a), 2(a), July 1, 2000, 114 Stat. 477, 479; Pub. L. 107-276,
Secs. 1(a), 2(a), (b), 5(a), 6(a)-(c), (e)-(g), Nov. 2, 2002, 116 Stat.
1929, 1932-1934.)
References in Text
Section 610 of title 18, referred to in subsec. (f)(3), was repealed
by Pub. L. 94-283, title II, Sec. 201(a), May 11, 1976, 90 Stat. 496.
See section 441b of Title 2, The Congress.
The Federal Election Campaign Act of 1971, referred to in subsecs.
(i)(6) and (j)(5)(A), is Pub. L. 92-225, Feb. 7, 1972, 86 Stat. 3, as
amended, which is classified principally to chapter 14 (Sec. 431 et
seq.) of Title 2, The Congress. Section 301 of the Act is classified to
section 431 of Title 2. For complete classification of this Act to the
Code, see Short Title note set out under section 431 of Title 2 and
Tables.
Amendments
2002--Subsec. (e)(5). Pub. L. 107-276, Sec. 2(b), added par. (5).
Subsec. (i)(1)(A). Pub. L. 107-276, Sec. 6(c), substituted
``electronically'' for ``, electronically and in writing,''.
Subsec. (i)(1)(B). Pub. L. 107-276, Sec. 6(g)(1), which directed the
insertion of ``or, in the case of any material change in the information
required under paragraph (3), for the period beginning on the date on
which the material change occurs and ending on the date on which such
notice is given'' after ``given'', was executed by making the insertion
after ``given'' the second time appearing, to reflect the probable
intent of Congress.
Subsec. (i)(2). Pub. L. 107-276, Sec. 6(g)(2), inserted ``or, in the
case of any material change in the information required under paragraph
(3), not later than 30 days after such material change'' after
``established''.
Subsec. (i)(3)(E), (F). Pub. L. 107-276, Sec. 6(f), added subpar.
(E) and redesignated former subpar. (E) as (F).
Subsec. (i)(4). Pub. L. 107-276, Sec. 6(g)(3), which directed the
insertion of ``or, in the case of a failure relating to a material
change, by taking into account such income and deductions only during
the period beginning on the date on which the material change occurs and
ending on the date on which notice is given under this subsection''
before period at end, was executed by making the insertion before period
at end of first sentence, to reflect the probable intent of Congress.
Pub. L. 107-276, Sec. 6(a), inserted at end ``For purposes of the
preceding sentence, the term `exempt function income' means any amount
described in a subparagraph of subsection (c)(3), whether or not
segregated for use for an exempt function.''
Subsec. (i)(5)(C). Pub. L. 107-276, Sec. 1(a), added subpar. (C).
Subsec. (j)(1). Pub. L. 107-276, Sec. 6(b), inserted at end ``For
purposes of subtitle F, the amount imposed by this paragraph shall be
assessed and collected in the same manner as penalties imposed by
section 6652(c).''
Subsec. (j)(3)(A). Pub. L. 107-276, Sec. 6(e)(1)(A), inserted ``,
date, and purpose'' after ``The amount''.
Subsec. (j)(3)(B). Pub. L. 107-276, Sec. 6(e)(1)(B), inserted ``and
date'' after ``the amount''.
Subsec. (j)(5)(C) to (F). Pub. L. 107-276, Sec. 2(a), added subpar.
(C) and redesignated former subpars. (C) to (E) as (D) to (F),
respectively.
Subsec. (j)(7). Pub. L. 107-276, Sec. 6(e)(2), added par. (7).
Subsec. (k). Pub. L. 107-276, Sec. 6(e)(3), added subsec. (k).
Former subsec. (k) redesignated (l).
Pub. L. 107-276, Sec. 5(a), added subsec. (k).
Subsec. (l). Pub. L. 107-276, Sec. 6(e)(3), redesignated subsec. (k)
as (l).
2000--Subsec. (i). Pub. L. 106-230, Sec. 1(a), added subsec. (i).
Subsec. (j). Pub. L. 106-230, Sec. 2(a), added subsec. (j).
1988--Subsec. (e)(2). Pub. L. 100-647 inserted at end ``Such term
includes the making of expenditures relating to an office described in
the preceding sentence which, if incurred by the individual, would be
allowable as a deduction under section 162(a).''
1986--Subsec. (g)(1). Pub. L. 99-514, Sec. 112(b)(1)(A), substituted
``paragraph (3)'' for ``section 24(c)(2)''.
Subsec. (g)(3). Pub. L. 99-514, Sec. 112(b)(1)(B), added par. (3).
1984--Subsec. (g)(1). Pub. L. 98-369, Sec. 474(r)(16), substituted
``section 24(c)(2)'' for ``section 41(c)(2)''.
Subsec. (h)(2)(B). Pub. L. 98-369, Sec. 722(c), inserted ``Nothing
in this subsection shall be construed to require any designation where
there is only one political committee with respect to a candidate.''
1981--Subsec. (h). Pub. L. 97-34 added subsec. (h).
1978--Subsec. (b)(1). Pub. L. 95-600 substituted ``Such tax shall be
computed by multiplying the political organization taxable income by the
highest rate of tax specified in section 11(b)'' for ``Such tax shall
consist of a normal tax and a surtax computed as provided in section 11
as though the political organization were a corporation and as though
the political organization taxable income were the taxable income
referred to in section 11'' and struck out provision that for purposes
of this subsection, the surtax exemption provided by section 11(d) not
be allowed.
Subsec. (c)(3)(D). Pub. L. 95-502 added subpar. (D).
1976--Subsec. (b)(2). Pub. L. 94-455 substituted ``net capital
gain'' for ``net section 1201 gain'' after ``organization has a''.
Effective Date of 2002 Amendment
Pub. L. 107-276, Sec. 1(b), Nov. 2, 2002, 116 Stat. 1929, provided
that: ``The amendments made by subsection (a) [amending this section]
shall take effect as if included in the amendments made by Public Law
106-230.''
Pub. L. 107-276, Sec. 2(c), Nov. 2, 2002, 116 Stat. 1931, provided
that: ``The amendments made by this section [amending this section]
shall take effect as if included in the amendments made by Public Law
106-230.''
Pub. L. 107-276, Sec. 5(b), Nov. 2, 2002, 116 Stat. 1932, provided
that: ``The amendment made by subsection (a) [amending this section]
shall apply to any tax assessed or amount imposed after June 30, 2000.''
Pub. L. 107-276, Sec. 6(h)(1), (2), Nov. 2, 2002, 116 Stat. 1934,
provided that:
``(1) Subsections (a) and (b).--The amendments made by subsections
(a) and (b) [amending this section] shall apply to failures occurring on
or after the date of the enactment of this Act [Nov. 2, 2002].
``(2) Subsection (c).--The amendments made by subsection (c)
[amending this section] shall take effect as if included in the
amendments made by Public Law 106-230.''
Pub. L. 107-276, Sec. 6(h)(4)-(6), Nov. 2, 2002, 116 Stat. 1934,
provided that:
``(4) Subsections (e)(1) and (f).--The amendments made by
subsections (e)(1) and (f) [amending this section] shall apply to
reports and notices required to be filed more than 30 days after the
date of the enactment of this Act [Nov. 2, 2002].
``(5) Subsections (e)(2) and (e)(3).--The amendments made by
subsections (e)(2) and (e)(3) [amending this section] shall apply to
reports required to be filed on or after June 30, 2003.
``(6) Subsection (g).--
``(A) In general.--The amendments made by subsection (g)
[amending this section] shall apply to material changes on or after
the date of the enactment of this Act.
``(B) Transition rule.--In the case of a material change
occurring during the 30-day period beginning on the date of the
enactment of this Act, a notice under section 527(i) of the Internal
Revenue Code of 1986 (as amended by this Act) shall not be required
to be filed under such section before the later of--
``(i) 30 days after the date of such material change, or
``(ii) 45 days after the date of the enactment of this Act
[Nov. 2, 2002].''
Effective Date of 2000 Amendment
Pub. L. 106-230, Sec. 1(d), July 1, 2000, 114 Stat. 479, provided
that:
``(1) In general.--Except as provided in paragraphs (2) and (3), the
amendments made by this section [amending this section and sections 6104
and 6652 of this title] shall take effect on the date of the enactment
of this section [July 1, 2000].
``(2) Organizations already in existence.--In the case of an
organization established before the date of the enactment of this
section, the time to file the notice under section 527(i)(2) of the
Internal Revenue Code of 1986, as added by this section, shall be 30
days after the date of the enactment of this section.
``(3) Information availability.--The amendment made by subsection
(b)(2) [amending section 6104 of this title] shall take effect on the
date that is 45 days after the date of the enactment of this section.''
Pub. L. 106-230, Sec. 2(d), July 1, 2000, 114 Stat. 482, provided
that: ``The amendment made by subsection (a) [amending this section]
shall apply to expenditures made and contributions received after the
date of the enactment of this Act [July 1, 2000], except that such
amendment shall not apply to expenditures made, or contributions
received, after such date pursuant to a contract entered into on or
before such date.''
Effective Date of 1988 Amendment
Amendment by Pub. L. 100-647 effective, except as otherwise
provided, as if included in the provision of the Tax Reform Act of 1986,
Pub. L. 99-514, to which such amendment relates, see section 1019(a) of
Pub. L. 100-647, set out as a note under section 1 of this title.
Effective Date of 1986 Amendment
Amendment by Pub. L. 99-514 applicable to taxable years beginning
after Dec. 31, 1986, see section 151(a) of Pub. L. 99-514, set out as a
note under section 1 of this title.
Effective Date of 1984 Amendment
Amendment by section 474(r)(16) of Pub. L. 98-369 applicable to
taxable years beginning after Dec. 31, 1983, and to carrybacks from such
years, see section 475(a) of Pub. L. 98-369, set out as a note under
section 21 of this title.
Section 722(c) of Pub. L. 98-369 provided that the amendment made by
that section is effective for taxable years beginning after Dec. 31,
1981.
Effective Date of 1981 Amendment
Section 128(b) of Pub. L. 97-34 provided that: ``The amendments made
by this section [amending this section] shall apply to taxable years
beginning after December 31, 1981.''
Effective Date of 1978 Amendment
Amendment by section 301(b)(6) of Pub. L. 95-600 applicable to
taxable years beginning after Dec. 31, 1978, see section 301(c) of Pub.
L. 95-600, set out as a note under section 11 of this title.
Effective Date of 1978 Amendment; Election Campaign Contributions;
Collateral
Section 302(b) of Pub. L. 95-502, as amended by Pub. L. 99-514,
Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
``(1) The amendment made by subsection (a) [amending this section]
shall apply to taxable years beginning after December 31, 1974, except
that notwithstanding any other provision of law to the contrary, no
amounts held at the date of enactment of this bill [Oct. 21, 1978] by an
organization described in section 527(e)(1) of the Internal Revenue Code
of 1986 [formerly I.R.C. 1954] in escrow, in separate accounts for the
payment of Federal taxes, or in any other fund which are proceeds
described in section 527(c)(3)(D) of such Code may be used, directly or
indirectly, to make a contribution or expenditure (as defined in section
301(e) and (f) of the Federal Election Campaign Act of 1971; 2 U.S.C.
431(f)) in connection with any election held before January 1, 1979.
``(2) Such amounts as described in (1) above shall not be considered
as security or collateral for any loan by any State or national bank or
any other person or organization.''
Effective Date of 1976 Amendment
Amendment by Pub. L. 94-455 applicable with respect to taxable years
beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455,
set out as a note under section 2 of this title.
Effective Date
Section 10(e) of Pub. L. 93-625 provided that: ``The amendments made
by subsections (a), (b), (c), and (d) [enacting this section and
amending sections 501 and 6012 of this title] shall apply to taxable
years beginning after December 31, 1974.''
Notification of Interaction of Reporting Requirements
Pub. L. 107-276, Sec. 4, Nov. 2, 2002, 116 Stat. 1932, provided
that:
``(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 Act [amending
this section and sections 6012, 6033, 6104, and 7207 of this title],
and
``(2) the interaction of requirements to file a notification or
report under section 527 of the Internal Revenue Code of 1986 and
reports under the Federal Election Campaign Act of 1971 [2 U.S.C.
431 et seq.].
``(b) Information.--Information provided under subsection (a) shall
be included in any appropriate form, instruction, notice, or other
guidance issued to the public by the Secretary of the Treasury or the
Federal Election Commission regarding reporting requirements of
political organizations (as defined in section 527 of the Internal
Revenue Code of 1986) or reporting requirements under the Federal
Election Campaign Act of 1971 [2 U.S.C. 431 et seq.].''
Section Referred to in Other Sections
This section is referred to in sections 84, 2501, 6012, 6033, 6104,
6113, 6652, 6711, 7207 of this title; title 2 sections 441b, 441i.