Posted by:
LarM
at Mon Nov 9 14:25:28 2009 [ Email Message ] [ Show All Posts by LarM ]
Exactly Randy that's what needs to be done in into this angle
and put HSUS on the hot seat !
Another guy on another forum did some digging and
came up with this info :
did a little bit of research and this is what was found...
they are in fact a tax-exempt organization under sect. 501(c)(3)
26 U.S.C. § 501 : US Code - Section 501: Exemption from tax on corporations, certain trusts, etc.
and they CAN make political contributions (for candidates, lobbying, etc), but those amounts cannot exceed
"150 percent of the lobbying nontaxable amount
for such organization for such taxable year, determined under
section 4911"
which can be found here:
TaxAlmanac - Internal Revenue Code:Sec. 4911. Tax on excess expenditures to influence legislation
that's where i get lost... anyone familiar with taxes/finances?
*edit* based on a table from sect. 4911 it would appear that they cannot make lobbying contributions that would exceed "250,000 plus 5 percent of the excess of the exempt purpose expenditures over 1,500,000"
according to that news report, their lobbying contributions are approaching (or exceeding) 100 million/year! seems like that is a BIT over the limit...
(exempt purpose expenditures seems to mean the money they spend each year on things that are related to the purpose of the organization? this is where i'm a little confused... help?)
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Boas By Klevitz

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