Deductibility of Corporate Campaign Expenditures.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service. American Law Division.

Language:

English

Subjects (All):

Campaign funds.

Judge-made law.

Constitutional law.

Corporations--Taxation.

Corporations.

Physical Description:

1 online resource (1 online resource (10 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Examines whether businesses may deduct amounts spent on political activities, including independent expenditures, amounts spent on electioneering communications, dues paid to a Section 501(c)(6) trade associations that engage in such activities, and contributions to Section 527 and 501(c) organizations. Reviews Supreme Court decision in Citizens United v. FEC , which struck down prohibitions in the Federal Election Campaign Act on corporations using their general treasury funds to make independent expenditures and electioneering communications. Considers constitutionality of Section 162(e) of the Internal Revenue Code, which prohibits taxpayers from deducting campaign-related and lobbying expenditures as a trade or business expense, in light of Citizens United v. FEC .

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. American Law Division. Deductibility of Corporate Campaign Expenditures

Access Restriction:

Restricted for use by site license.