New Resources on Campaign Finance Law for Nonprofits - November 25, 2002 Vol. 3 No. 24

November 25, 2002 Vol. 3 No. 24:

Published: 11/25/2002

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New Resources on Campaign Finance Law for Nonprofits

The Internal Revenue Service (IRS) has published a fact sheet for PACs (Section 527 organizations) detailing new exemptions and filing requirements in order to comply with this fall's Congressional amendments to the Stealth PAC law of 2000. The amendments were designed to eliminate duplicative reporting for PACs that work on state and local elections, and to improve the usefulness of information on federal elections by making it available on the web in searchable form. See the outline of the new rules and the detailed IRS Fact Sheet.

Nonprofits that use broadcast media for issue advocacy can get information on the FEC's new "electioneering communications" rule from the Campaign Finance Institute. The guide includes the new rule and a summary of the positions taken by nonprofits, reform groups and sponsors of campaign finance reform legislation.