26 C.F.R. § 1.527-1   Political organizations; generally.


Title 26 - Internal Revenue


Title 26: Internal Revenue
PART 1—INCOME TAXES (CONTINUED)
Farmers' Cooperatives

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§ 1.527-1   Political organizations; generally.

Section 527 provides that a political organization is considered an organization exempt from income taxes for the purpose of any law which refers to organizations exempt from income taxes. A political organization is subject to tax only to the extent provided in section 527. In general, a political organization is an organization that is organized and operated primarily for an exempt function as defined in §1.527–2(c). Section 527 provides that a political organization is taxed on its political organization taxable income (see §1.527–4) which, in general, does not include the exempt function income (see §1.527–3) of the political organization. Furthermore, section 527 provides that an exempt organization, other than a political organization, may be subject to tax under section 527 when it expends an amount for an exempt function, see §1.527–6. The taxation of newsletter funds is provided under section 527(g) and §1.527–7. A special rule for principal campaign committees is provided under section 527(h) and §1.527–9.

[T.D. 8041, 50 FR 30817, July 30, 1985]

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