The Georgia Chamber of Commerce is speaking out against a proposed limit on political activities by tax-exempt organizations.
The proposal would limit political activities to 5 to 15 percent of groups’ overall efforts. It’s been criticized by the left and right. The proposal was first floated in November. “This proposed guidance is a first critical step toward creating clear-cut definitions of political activity by tax-exempt social welfare organizations,” said Treasury Assistant Secretary for Tax Policy Mark J. Mazur.Click here to read more about it.
But in a Feb. 27 letter to the Internal Revenue Service, Chris Clark, president and CEO of the Georgia Chamber, says the chamber’s policy advocacy could be affected by the proposed cap.