[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4605 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4605

  To amend the Internal Revenue Code of 1986 to require that certain 
entities exempt from taxation (including business leagues and chambers 
      of commerce) disclose sources and amounts of contributions.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 2010

  Mr. Israel introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to require that certain 
entities exempt from taxation (including business leagues and chambers 
      of commerce) disclose sources and amounts of contributions.

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

SECTION 1. DISCLOSURE OF 501(C)(6) CONTRIBUTIONS.

    (a) In General.--Section 6033 of the Internal Revenue Code of 1986 
is amended by redesignating subsection (m) as subsection (n) and by 
inserting after subsection (l) the following new subsection:
    ``(m) Disclosure of 501(c)(6) Contributions.--
            ``(1) In general.--Every organization described in section 
        501(c)(6) and subject to the requirements of subsection (a) 
        shall furnish annually information, at such time and in such 
        manner as the Secretary may by forms or regulations prescribe, 
        setting forth the total of the contributions (including 
        membership dues) received by it during the year, and the name 
        and address of, and amount contributed by, each contributor 
        during such year.
            ``(2) Small organization exception.--Paragraph (1) shall 
        not apply to an organization the gross receipts of which do not 
        exceed $25,000,000 for the taxable year.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to returns for taxable years beginning after the date of the 
enactment of this Act.
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