Paul L. Caron

Friday, September 5, 2008

Aprill: Tax Issues Surrounding Obama-Ayers Ad

Ellen P. Aprill (Loyola-L.A.) weighs in on the tax issues raised in the controversy surrounding the television ad by the American Issues Project (funded by Texas billionaire Harold Simmons, one of the funders of the 2004 Swift Boat ads), which links Barack Obama to William Ayers, a former member of the Weather Underground:

Here is the Introduction to Ellen's six-page report, Background on Nonprofit, Tax-Exempt Section 501(c)(4) Organizations:

Some background and explanation regarding organizations described in section 501(c)(4) of the Internal Revenue Code may be useful to those interested in election law and the current controversy regarding American Issues Project, Inc., since being described as such an organization is one of the requirements for the qualified nonprofit corporation exemption from the prohibitions on making independent expenditures and electioneering communications.

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