[20010319]RS20650_527个组织：P.L.颁布后对政治组织的报告要求106-230.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20650Updated March 19, 2001527 Organizations: Reporting RequirementsImposed on Political Organizations after theEnactment of P.L. 106-230Marie B. MorrisLegislative AttorneyAmerican Law DivisionSummaryOn July 1, 2000, President Clinton signed H.R. 4762, P.L. 106-230. The lawamended the Internal Revenue Code IRC to require political organizations describedin IRC 527 to disclose their political activities, if they were not already required to doso by the Federal Election Campaign Act FECA. This report summarizes the threemajor changes made by the law and some of the major responses to the legislation. First,all 527 organizations which expect to have over $25,000 in gross receipts during ataxable year and which are not required to report to the Federal Election CommissionFEC are required to register with the IRS within 24 hours of their formation, whetherthey are involved in state, local, or federal elections. Second, 527 issue advocacyorganizations, which previously reported neither to the IRS nor the FEC, are requiredto file regular disclosure statements with the IRS.