IN THE SENATE OF THE UNITED STATES
January 30, 2019
Mr. Tester (for himself and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to require certain tax-exempt organizations to include on annual returns the names and addresses of substantial contributors, and for other purposes.
This Act may be cited as the
Inclusion of contributor information on annual returns of certain organizations
Repeal of Revenue Procedure
Revenue Procedure 2018–38 shall have no force and effect.
Inclusion of contributor information
Social welfare organizations
Section 6033(f)(1) of the Internal Revenue Code of 1986 is amended by inserting
Labor organizations and business leagues
Section 6033 of such Code is amended by redesignating subsection (n) as subsection (o) and by inserting after subsection (m) the following new subsection:
Additional requirements for organizations described in subsections (c)(5) and (c)(6) of section 501
Every organization which is described in paragraph (5) or (6) of section 501(c) and which is subject to the requirements of subsection (a) shall include on the return required under subsection (a) the information referred to in subsection (b)(5).
The amendments made by this subsection shall apply to returns required to be filed for taxable years ending on or after December 31, 2018.
Modification to discretionary exceptions
Section 6033(a)(3)(B) of the Internal Revenue Code of 1986 is amended to read as follows:
Paragraph (1) shall not apply to any organization if the Secretary made a determination under this subparagraph before July 16, 2018, that such filing is not necessary to the efficient administration of the internal revenue laws.
Recommendations for other exceptions
The Secretary may recommend to Congress that Congress relieve any organization required under paragraph (1) to file an information return from filing such a return if the Secretary determines that such filing does not advance a national security, law enforcement, or tax administration purpose.