The History of the 501(c)(4) ExemptionBreaking News
tags: 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
- Did Salmonella Kill Off the Aztecs?
- Jewish history is under siege in the middle east and these volunteers are risking their lives to protect it
- 'Amazon should stop selling Holocaust denial books'
- National Museum of African American History and Culture Reaches Milestone of 1 Million Visitors
- What Makes a President Great? Clipping? Sipping? Slashing?
- McMaster knows how national security policy can go wrong. Will that help him?
- Historian and Antiwar Activist Marilyn Young Dies at 79
- Trump Chooses Historian H.R. McMaster as National Security Adviser
- Holocaust Historian Deborah Lipstadt Explains Why People Believe Trump's Lies
- Princeton’s Harold James warns World War Three is now a "serious threat”