Senate Passes Bill Allowing Leftover Funds From Political Committee, Candidate to Go to Nonprofits
The Pennsylvania Senate passed an amendment that allows a political candidate or committee that ends its financial activity to disperse its funds to a nonprofit.
May 24, 2018 at 06:27 PM
1 minute read
Pennsylvania State Capitol. Photo credit: Zack Frank/Shutterstock.com
The Pennsylvania Senate passed an amendment that allows a political candidate or committee that ends its financial activity to disperse its funds to a nonprofit.
The amendment also included a definition of a nonprofit as an organization qualified by the IRS as meeting the requirements of Section 501(c)(3) of the Internal Revenue Code of 1986 and is not affiliated with a candidate or the chairman or treasurers of a political committee, including a family member of the candidate, chairman or treasurer.
On May 24 the bill had been referred to the Pennsylvania House of Representatives' State Government Committee.
— V.H. •
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