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| | Section 527 Organizations (Site not responding. Last check: 2007-11-01) |
 | | A political organization under the Internal Revenue Code (26 U.S.C.) is defined as a party, committee, association, fund, or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function. |
 | | The "exempt function" of a "political organization" is defined as "influencing or attempting to influence the selection, nomination, election or appointment of an individual to a federal, state, or local public office or office in a political organization. |
 | | A political organization does not need to be formally chartered or established as a corporation, trust, or association; a separate bank account in which political campaign funds are deposited and disbursed only for political campaign expenses can qualify as a political organization. |
| www.brook.edu /gs/cf/headlines/527_intro.htm (1185 words) |
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