HR 10155 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 with respect to the exempt function income of a political organization.
Bill Progress
✓
Introduced✓
Committee3
House Vote4
Senate5
EnactedLatest: Measure failed of passage in House under suspension of the rules, roll call #648 (134-261).(1976-08-24)
Recorded Votes
FailedHouse · 1976-08-24
Yea 134Nay 261
PassedHouse · 1976-08-24
Yea 134Nay 261
Plain Language Summary
[AI summary unavailable — showing source text]
Redefines "exempt function income" of a political organization for purposes of the Internal Revenue Code to mean any amount received as (1) a contribution of money or other property; (2) membership dues; (3) proceeds from a political fund-raising or entertainment event; or (4) proceeds from a trade or business where substantially all the work is performed for the trade or business without compensation.…
Summarized by Claude AI · Non-partisan · For informational purposes only