GOP Bill Targets IRS Rules For Tax-Exempt Political Groups

Law360, New York (February 11, 2014, 1:38 PM EST) -- Senate Republicans on Tuesday proposed legislation to block looming IRS regulations that would hinder the political activity of 501(c)(4) organizations, which have become increasingly popular for groups that want to engage in political campaigns and maintain tax-exempt status.

The Internal Revenue Service says the regulations create stronger standards for determining whether an organization is engaged in political campaign activities that do not promote social welfare, but Senate Minority Leader Mitch McConnell, R-Ky., on Tuesday said the rules violate the organizations’ freedom of speech.

“Instead of putting...
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