"Nota Bene" means "note this well" or "take particular notice." We at the O'Quinn Law Library will be posting tips on legal research techniques and resources, developments in the world of legal information, happenings at the Law Library, and legal news reports that deserve your particular attention. We look forward to sharing our thoughts and findings and to hearing from you.
N.B: Make a note to visit "Nota Bene" regularly.
-Spencer L. Simons, former Director, O'Quinn Law Library and Associate Professor of Law
Friday, May 23, 2014
IRS Delays New Regulations Designed to Limit Political Activity by Non-profits
The New York Times is reporting that the Internal Revenue Service has decided to postpone implementation of new tax regulations designed to discourage political activity from groups given tax exempt status by the agency. See the IRS' official announcement. According to the article, the proposed regulations which specify what constitutes "political activity" and limit expenditures on such activity yielded 150,000 comments from the public. The rules are not expected to go into effect until after this year's midterm elections.