Page:United States Statutes at Large Volume 101 Part 2.djvu/1251

 PUBLIC LAW 100-203—DEC. 22, 1987

101 STAT. 1330-457

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establishment) after the close of such calendar year. "(II) EXCEPTION.—Subclause (I) shall not apply if the requirements of this subparagraph would be met if the aggregate face amount of all tax-exempt . private activity bonds issued to provide financing '^"^ '' ^ for the establishment and outstanding at the close ,, of the 90th day after the close of the calender year ^,' ' were substituted in clause (i) for such bonds outstanding at the close of such calendar year. " ^ ^ "(iii) TESTING PERIOD.—For purposes of this subpara" * ^ graph, the term 'testing period' means, with respect to an issue, each calendar year which begins more than 2 years after the date of issuance of the issue (or, in the case of a refunding obligation, the date of issuance of !,, the original issue). "(E) DEFINITIONS.—For purposes of this paragraph— "(i) QUALIFIED INDIAN LANDS.—The term 'qualified Indian lands' means land which is held in trust by the United States for the benefit of an Indian tribe. J "(ii) INDIAN TRIBE.—The term 'Indian tribe' means any Indian tribe, band, nation, or other organized J• group or community which is recognized as eligible for the special programs and services provided by the f United States to Indians because of their status as Indians. x; "(iii) NET PROCEEDS.—The term 'net proceeds' has the meaning given such term by section 150(a)(3)." -<- (2) TECHNICAL AMENDMENT.—Paragraph (2) of section 7871(c) is amended by striking out "Subsection (a)" and inserting in lieu thereof "Except as provided in paragraph (3), subsection (a)", (c) EFFECTIVE DATE.—The amendments made by this section shall 26 USC 7871 apply to obligations issued after October 13, 1987, ^°^-

Subtitle G—Lobbying and Political Activities of Tax-Exempt Organizations i'

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PART I—DISCLOSURE REQUIREMENTS

SEC. 10701. REQUIRED DISCLOSURE OF NONDEDUCTIBILITY OF CONTRIBUTIONS.

(a) GENERAL RULE.—Subchapter B of chapter 61 (relating to miscellaneous provisions) is amended by redesignating section 6113 as section 6114 and by inserting after section 6112 the following new section: "SEC. 6113. DISCLOSURE OF NONDEDUCTIBILITY OF CONTRIBUTIONS.

"(a) GENERAL RULE.—Each fundraising solicitation by (or on behalf of) an organization to which this section applies shall contain an express statement (in a conspicuous and easily recognizable format) that contributions or gifts to such organization are not deductible as charitable contributions for Federal income tax purposes. "(b) ORGANIZATIONS TO WHICH SECTION APPLIES.—

.Gim

26 USC 6113.

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