I 111th CONGRESS 2d Session H. R. 4605 IN THE HOUSE OF REPRESENTATIVES February 4, 2010 Mr. Israel introduced the following bill; which was referred to the Committee on Ways and Means 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.

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.