3.0.0 276 2022-11-01T15:17:49Z 2022-11-01T15:17:49Z Senate S 2019-01-30 116 ssfi00 Finance Committee Senate Standing Referred to 2019-01-30T17:41:19Z Spotlight Act 116 918 HR 2019-01-30 Referred to the House Committee on Ways and Means. Identical bill CRS 2019-01-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-01-30 Introduced in Senate IntroReferral 10000 9 Library of Congress T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2019-01-30 True Taxation Administrative law and regulatory procedures Department of the Treasury Government information and archives Internal Revenue Service (IRS) Labor-management relations Tax administration and collection, taxpayers Tax-exempt organizations Taxation 00 2019-01-30 Introduced in Senate 2019-07-12T13:56:15Z Spotlight Act

This bill repeals an Internal Revenue Service (IRS) revenue procedure (Rev. Proc. 2018-38) that exempts certain tax-exempt organizations that are not 501(c)(3) organizations from the requirement to report the names and addresses of substantial contributors (persons who contribute more than $5,000 per year) on information returns that are filed with the IRS.

The bill requires tax-exempt organizations that fall under sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code (e.g., social welfare organizations, labor organizations, business leagues) to disclose the names and addresses of all substantial contributors on their returns.

The bill also eliminates the authority of the IRS to provide exceptions to the disclosure requirements for tax-exempt organizations. This provision does not apply to determinations made by the IRS before July 16, 2018.

]]> Spotlight Act Display Title Spotlight Act Short Title(s) as Introduced Spotlight Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to require certain tax-exempt organizations to include on annual returns the names and addresses of substantial contributors, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-01-30T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s276is/xml/BILLS-116s276is.xml 2019-01-30 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.