An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

501(c)(3) Organization

A type of non-profit organization recognized by the IRS as tax-exempt because it is organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes.

Internal Revenue Code of 1986

The comprehensive set of laws in the United States that governs federal taxes, including income tax, estate tax, and gift tax.

Election Administration

The processes and activities involved in running public elections, such as registering voters, setting up polling places, counting ballots, and managing election equipment.

Tax-Exempt Organization

An organization that does not have to pay federal income taxes on its earnings because it meets certain requirements set by the Internal Revenue Service (IRS), often due to its charitable or public-service nature.

Taxable Year

The annual accounting period used by an individual or organization for calculating income tax liability, often corresponding to the calendar year.