The History of the 501(c)(4) Exemptiontags: taxes, regulation
The Obama administration is pushing for stricter limits on the use of tax-exempt organizations for political campaigning. The new rules proposed Tuesday have to do with groups organized under Section 501(c)4 of the tax code. The groups have been viewed by many as the biggest abusers of modern campaign-finance rules and were at the center of the IRS scandal.
It turns out that the origins of section 501(c)(4), providing exemptions for “social welfare” groups, are surprisingly foggy.
“There’s almost no history on it,” said New Mexico tax attorney Robert J. Desiderio, a former dean of the University of New Mexico School of Law, in an earlier interview with Law Blog....
The roots trace back a century ago to when Congress enacted the Revenue Act of 1913, also known as the “Underwood Tariff Act,” according to Mr. Desiderio and other tax scholars....
comments powered by Disqus
- Joan Baez, Sly Stone, Steve Martin, Ben E. King -- all honored by the Library of Congress
- StoryCorps to Launch Global Expansion With $1M TED Prize
- Hofstra Event Looks at Bush Presidency
- Did Israel steal uranium from a town in Pennsylvania in the 1960s?
- Sequel to Nelson Mandela's Long Walk to Freedom to be published next year
- OAH denounces anti-gay legislation signed by Indiana governor
- Emory’s Leslie Harris says we should remember the racist roots of American colleges as we think about what went wrong at OU and other schools
- Stanford historian looks to the U.S. Postal Service to map the boom and bust of 19th-century American West
- U.S. historian denounces Japanese scholars' statement over wartime sexual slavery
- Timothy V Johnson Named Head of Tamiment Library