Senate Finance subcommittee to hold hearing on political campaign, lobbying activities of tax-exempt organizations
A public hearing regarding political campaign and lobbying activities of tax-exempt organizations
A hearing regarding political campaign and lobbying activities of tax-exempt organizations
A subcommittee of the Senate Finance Committee has scheduled for May 4, 2022, a public hearing regarding political campaign and lobbying activities of tax-exempt organizations.
The hearing will be conducted by the Finance Committee’s Subcommittee on Taxation and IRS Oversight. The hearing will provide an opportunity to examine the laws and enforcement governing the political activities of tax-exempt entities.
In advance of the hearing, the staff of the Joint Committee on Taxation (JCT) today released a document providing:
- An overview of present-law rules governing the political campaign and lobbying activities of tax-exempt organizations
- A description of the present-law disclosure rules applicable to tax-exempt organizations
- Data relating to tax-exempt organizations
Read the JCT report: JCX-7-22
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | email@example.com
Preston Quesenberry | firstname.lastname@example.org
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.