oters almost certainly will endure another election in 2014 without meaningful regulation of nonprofit corporations that claim to be social welfare organizations, but engage heavily in campaigns while benefiting from their tax-exempt status. President Barack Obama’s administration, through the Internal Revenue Service, last week issued the beginnings of what might one day become regulations that could curtail some political activity by so-called social welfare organizations. Given the complexity of the undertaking, and high level of interest on the part of lawyers, consultants and politicians, there is virtually no way new rules governing these nonprofit corporations will be in place before the 2016 election.
Don’t count on IRS for campaign disclosure any time soon - Editorials - The Sacramento Bee
