Friday, December 14, 2012
As reported by the Dayton Daily News, the Internal Revenue Service determined that a nonprofit organization affiliated with the Tea Party, Ohio Liberty Council, is exempt from federal income taxes under Section 501(c)(4) of the Internal Revenue Code. In a statement issued by the organization, its president opined that “our victory today will pave the way for other liberty groups around the nation to replicate our success’’
Meanwhile, as reported by the Washington Post, Crossroads GPS, the nonprofit organization formed by Karl Rove, is similarly seeking a 501(c)(4) tax-exempt status based on its primary activity of "public education."
[Hat tip on Ohio Liberty Council: Tax Prof Blog]