Thursday, December 13, 2012

NY - Proposed Political Spending Disclosures by Nonprofits

The Wall Street Journal reports that the New York Attorney General's office has issued proposed regulations that would require most tax-exempt organizations registered in New York, including 501(c)(4)s, to disclose/report their annual spending on "electioneering activities" at the state and local level.   Under state law, any nonprofit that receives $25,000 in annual New York-sourced donations must register with the AG's charities bureau.  Under the regulations, reportable activities would include "advertisements or communications calling for the election or defeat of a candidate, ballot question or party, or those that depict or clearly identify them within 180 days of an election."


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