| Subject: [EL] Political Insider Campaign funds are seizable assets in bankruptcies? |
| From: "Scarberry, Mark" <Mark.Scarberry@pepperdine.edu> |
| Date: 5/12/2011, 10:11 AM |
| To: "law-election@department-lists.uci.edu" <law-election@department-lists.uci.edu> |
What section of the Internal Revenue Code is invoked to give the nonprofit corporation tax exempt status? I assume it can’t be 501(c)(3), because contributions are not tax deductible. Is it 501(c)(4)?
Mark
Mark S. Scarberry
Professor of Law
Pepperdine Univ. School of Law
Malibu, CA 90263
(310) 506-4667