Regulation of Political Organizations and the Red Herring of Tax Exempt Status

Roger Colinvaux

National Tax Journal, 2006, vol. 59, issue 3, 531-49

Abstract: Congressional codification of section 527 in 1975 largely reflected the IRS's treatment of political organizations at the time, including that contribution income was not taxable income, and did not provide a significant tax subsidy. In 2000, Congress amended section 527 to impose reporting obligations and, simultaneously, made section 527 voluntary, thus reviving pre–1975 law. The lack of a significant subsidy undermines the effectiveness of imposing burdens on section 527 organizations where there is a choice of tax treatment. The lack of a significant subsidy also raises the constitutional bar to imposing any burdens on section 527 organizations.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:59:y:2006:i:3:p:531-49

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