The House today passed, 240 to 182 a bill that would not allow the IRS to collect the name, address, or other identifying information of any contributor making a contribution to or a grant, bequest, devise, or gift of money or property to a section 501(c) organization.
H.R. 5053, The Preventing IRS Abuse and Protecting Free Speech Act, would prohibit the IRS from collecting donor information on the annual information returns of section 501(c) organizations. Exceptions would be provided for information relating to prohibited tax shelter transactions and contributions by officers, directors, or covered employees of the 501(c) organization. Read text of H.R. 5053
With today’s passage of the bill by the House, the bill will be sent to the Senate for its consideration. The White House previously issued a Statement of Administration Policy [PDF 298 KB] stating the administration’s opposition to H.R. 5053.
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