On December 12, 2012, New York Attorney General Eric
Schneiderman announced new proposed disclosure rules for New
York-registered nonprofits designed to bring more transparency to
electioneering activities by tax-exempt, nonprofit organizations.
Under these proposed rules, nonprofits registered with the New York
Attorney General's Charities Bureau, including Section
501(c)(4) organizations, will have to report the percentage of
their expenditures spent on federal, state and local electioneering
in their annual reporting. Those nonprofits that spend over $10,000
on election-related expenditures in a year will need to disclose
additional information about the expenditures and donors. Public
comment on the proposed regulations will be received until March 6,
2013, and public hearings on the proposed regulations will be held
between January 15, 2013 and February 27, 2013.
The text of proposed regulations, the hearing schedule and other
associated documents can be found here.
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