lobbying expense

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Words related to lobbying expense

expenses incurred in promoting or evaluating legislation

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At the same time, Congress gave associations two choices: Either their members' dues would not be deductible to the extent of the associations' lobbying expenses or the associations could pay a 35 percent tax on their lobbying expenses.
Thus, member dues (except that portion that covers lobbying expenses for a 501(c)(4), 501(c)(5), or 501(c)(6) organization) are generally deductible as ordinary and necessary business expenses regardless of the tax status of the association.
What does a new law addressing the deductibility of lobbying expenses mean to your members?
The Lobbying Disclosure Act of 1995 mandates disclosure to the Secretary of the Senate's Office of Public Records (SOPR) of lobbying expenses incurred by all special interest groups.
Troubled high-profile projects such as Related Companies' Moynihan Station and Solow Development's East River site were among the city's developments with the highest lobbying expenses in 2008, a review of city records by The Real Deal shows.
Lobbying Expenses. Lobbying expenses paid or incurred after 1993 will no longer be deductible as ordinary and necessary business deductions.
Thus, if 80 percent or more of an employee's time is spent on lobbying, then all of that employee's salary, his or her support staff, and related expenses would be included in nondeductible lobbying expenses. Conversely, employees who spend less than 20 percent of their time on lobbying activities would not be required to keep time records or allocate costs.
Nevertheless, the lobbying expense disallowance provisions remain at once daunting and amorphous in scope and, absent further immediate guidance, taxpayers will be unable to devise information systems and accounting procedures to comply with the provisions as of OBRA's January 1, 1994, effective date.
Section 162(e) was enacted in 1962 to permit deductions for direct lobbying expenses. The legislative history to that provision shows that Congress overturned previous judical precedent and administrative practice (i) to remedy the inconsistent treatment of expenses incurred in petitioning for judicial and legislative redress of grievances; (ii) to eliminate the disincentive of seeking legislative contact, providing factual knowledge to the legislature, or lending the taxpayers expertise to legislative deliberations; (iii) to provide a better reflection of the taxpayer's true net income; and (iv) to eliminate the compliance and enforcement problems associated with identifying and segregating proscribed expenditures.
Walker filed the ethics complaint that led to the Oregon Government Standards and Practices to launch an investigation in April to determine whether the company had violated state lobbying disclosure laws when it reported lower lobbying expenses than SAIF actually paid the firms of lobbyist Larry Campbell and consultant Neil Goldschmidt.
Lobbying expenses include any amounts paid or incurred for research, preparation, planning or coordination of lobbying activities at the Federal and state (but not local) level.
The small questions have been in the headlines recently, with the Government Standards and Practices Commission deciding last month to launch a formal investigation of allegations that SAIF under-reported its lobbying expenses. The turmoil is widely characterized as smoke billowing from a blazing feud between SAIF and its main competitor in the workers' compensation insurance business, Liberty Northwest Co., which advocates privatization of SAIF.
This legislation requires associations to track certain lobbying expenses (including salaries allocable to lobbying activities) and to calculate a percentage of dues that may not be deducted by members as a business expense.
The amount of lobbying expenses an electing organization can incur before triggering the excise tax is limited to the lesser of $1 million or the amount computed using the table above.(14) This amount is referred to as an organization's lobbying nontaxable amount (LNTA).
She alleged the company had violated state lobbying disclosure laws when it reported lower lobbying expenses than SAIF actually paid to Goldschmidt and Campbell's firms.