Page:United States Statutes at Large Volume 114 Part 1.djvu/518

 114 STAT. 482 PUBLIC LAW 106-230—JULY 1, 2000 (c) FAILURE TO MAKE PUBLIC—Section 6652(c)(1)(C) of the 26 USC 6652. Internal Revenue Code of 1986 (relating to public inspection of annual returns) is amended— (1) by inserting "or report required under section 527(j)" after "filing)"; (2) by inserting "or report" after "1 return"; and (3) by inserting "AND REPORTS" after "RETURNS" in the heading. Applicability. (d) EFFECTIVE DATE.—The amendment made by subsection (a) 26 USC 527 note, shall apply to expenditures made and contributions received after the date of the enactment of this Act, except that such amendment shall not apply to expenditures made, or contributions received, after such date pursuant to a contract entered into on or before such date. SEC. 3. RETURN REQUIREMENTS RELATING TO SECTION 527 ORGANIZATIONS. (a) RETURN REQUIREMENTS.— (1) ORGANIZATIONS REQUIRED TO FILE. —Section 6012(a)(6) 26 USC 6012. of the Internal Revenue Code of 1986 (relating to political organizations required to make returns of income) is amended by inserting "or which has gross receipts of $25,000 or more for the taxable year (other than an organization to which section 527 applies solely by reason of subsection (f)(1) of such section)" after "taxable year". (2) INFORMATION REQUIRED TO BE INCLUDED ON RETURN.— 26 USC 6033. Section 6033 of such Code (relating to returns by exempt organizations) is amended by redesignating subsection (g) as subsection (h) and inserting after subsection (f) the following new subsection: "(g) RETURNS REQUIRED BY POLITICAL ORGANIZATIONS.— In the case of a political organization required to file a return under section 6012(a)(6)— "(1) such organization shall file a return— "(A) containing the information required, and complying with the other requirements, under subsection (a)(1) for organizations exempt from taxation under section 501(a), and "(B) containing such other information as the Secretary deems necessary to carry out the provisions of this subsection, and "(2) subsection (a)(2)(B) (relating to discretionary exceptions) shall apply with respect to such return.". (b) PUBLIC DISCLOSURE OF RETURNS. — (1) RETURNS MADE AVAILABLE BY SECRETARY. — (A) IN GENERAL.— Section 6104(b) of the Internal Rev- 26 USC 6104. enue Code of 1986 (relating to inspection of annual information returns) is amended by inserting "6012(a)(6)," before "6033". (B) CONTRIBUTOR INFORMATION.—Section 6104(b) of such Code is amended by inserting "or a political organization exemptfi*omtaxation under section 527" after "509(a)". (2) RETURNS MADE AVAILABLE BY ORGANIZATIONS. — (A) IN GENERAL.— Paragraph (l)(A)(i) of section 6104(d) of such Code (relating to public inspection of certain annual returns, reports, applications for exemption, and notices of status) is amended by inserting "or section 6012(a)(6)

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