Page:United States Statutes at Large Volume 101 Part 2.djvu/1260

 101 STAT. 1330-466

PUBLIC LAW 100-203—DEC. 22, 1987

"(1) IN GENERAL.—The term 'political expenditure' means any ^ amount paid or incurred by a section 501(c)(3) organization in any participation in, or intervention in (including the publica^4, tion or distribution of statements), any political campaign on behalf of (or in opposition to) any candidate for public office. "(2) CERTAIN OTHER EXPENDITURES INCLUDED.—In the case of '••• • an organization which is formed primarily for purposes of • promoting the candidacy (or prospective candidacy) of an ' individual for public office (or which is effectively controlled by a candidate or prospective candidate and which is availed of primarily for such purposes), the term 'political expenditure' includes any of the following amounts paid or incurred by the organization: "(A) Amounts paid or incurred to such individual for s •'-: speeches or other services. i ^^TK, ^, "(B) Travel expenses of such individual. « f /J >.» *; ^ ii^Q^ Expenses of conducting polls, surveys, or other studies, or p r e p a r i n g papers or other materials, for use by such individual. "(D) Expenses of advertising, publicity, and fundraising for such individual. ,--: "^ "(E) Any other expense which has the p r i m a r y effect of promoting public recognition, or otherwise primarily accruing to the benefit, of such individual. "(e) COORDINATION W I T H SECTION 4945.—If tax is imposed under this section with respect to any political expenditure, such expenditure shall not be treated as a taxable expenditure for purposes of section 4945. "(f) OTHER DEFINITIONS. — For purposes of this section— "(1) SECTION 501(CH3) ORGANIZATION.—The term 'section 501(c)(3) organization' means any organization which (without regard to any political expenditure) would be described in section 501(c)(3) and exempt from taxation under section 501(a). "(2) ORGANIZATION M A N A G E R. — The term 'organization manager' means— .-: "(A) any officer, director, or trustee of the organization (or individual having powers or responsibilities similar to those of officers, directors, or trustees of the organization), "(B) with respect to any expenditure, any employee of the organization having authority or responsibility with respect to such expenditure. "(3) CORRECTION.—The term s 'correction' and 'correct' mean, with respect to any political expenditure, recovering part or all of the expenditure to the extent recovery is possible, establishment of safeguards to prevent future political expenditures, and w h e r e full recovery is not possible, such additional corrective action as is prescribed by the Secretary by regulations. "(4) TAXABLE PERIOD.—The term 'taxable period' means, with respect to any political expenditure, the period beginning with the date on which the political expenditure occurs and ending on the earlier of— "(A) the date of mailing a notice of deficiency under section 6212 with respect to the tax imposed by subsection ' (a)(l), or "(B) the date on which tax imposed by subsection (a)(1) is assessed."

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