[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 527 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                 S. 527

 To amend the Internal Revenue Code of 1986 to exempt State and local 
   political committees from duplicative notification and reporting 
 requirements made applicable to political organizations by Public Law 
                                106-230.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 14, 2001

Mrs. Hutchison introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to exempt State and local 
   political committees from duplicative notification and reporting 
 requirements made applicable to political organizations by Public Law 
                                106-230.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXEMPTION FOR STATE AND LOCAL POLITICAL COMMITTEES FROM 
              NOTIFICATION AND REPORTING REQUIREMENTS IMPOSED BY PUBLIC 
              LAW 106-230.

    (a) Exemption From Notification Requirements.--Paragraph (5) of 
section 527(i) of the Internal Revenue Code of 1986 (relating to 
organizations must notify Secretary that they are section 527 
organizations) is amended by striking ``or'' at the end of subparagraph 
(A), by striking the period at the end of subparagraph (B) and 
inserting ``, or'', and by adding at the end the following new 
subparagraph:
                    ``(C) which--
                            ``(i) engages in exempt function activity 
                        solely in the attempt to influence the 
                        selection, nomination, election, or appointment 
                        of any individual to any State or local public 
                        office or office in a State or local political 
                        organization, and
                            ``(ii) is subject to State or local 
                        contribution and expenditure reporting 
                        requirements relating to selections, 
                        nominations, elections, and appointments to 
                        such offices, and reports under such 
                        requirements are publicly available.''.
    (b) Exemption From Reporting Requirements.--Paragraph (5) of 
section 527(j) of such Code (relating to required disclosures of 
expenditures and contributions) is amended by striking ``or'' at the 
end of subparagraph (D), by striking the period at the end of 
subparagraph (E) and inserting ``, or'', and by adding at the end the 
following new subparagraph:
                    ``(F) to any organization which--
                            ``(i) engages in exempt function activity 
                        solely in the attempt to influence the 
                        selection, nomination, election, or appointment 
                        of any individual to any State or local public 
                        office or office in a State or local political 
                        organization, and
                            ``(ii) is subject to State or local 
                        contribution and expenditure reporting 
                        requirements relating to selections, 
                        nominations, elections, and appointments to 
                        such offices, and reports under such 
                        requirements are publicly available.''.
    (c) Exemption From Requirements for Annual Return Based on Gross 
Receipts.--Paragraph (6) of section 6012(a) of such Code is amended by 
striking ``section)'' and inserting ``section and an organization 
described in section 527(i)(5)(C)''.
    (d) Effective Date.--The amendments made by this section shall take 
effect as if included in the amendments made by Public Law 106-230.
                                 <all>