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The amendment was agreed to without any discussion or debate and was included in Internal Revenue Code of 1954 (Aug. 16, 1954, ch. 736). The provision was considered uncontroversial at the time and continued to be included when the 1954 Code was renamed as the Internal Revenue Code of 1986 during the Ronald Reagan administration.
Aug 24, 2018 · See Davidson, pp. 17-18; The Congressional Record, July 2, 1954, p. 9604; and The New York Times, July 3, 1954, p. 6 for verbatim accounts of the amendment’s introduction. 9 The predecessor of Section 501(c)(4) of the tax code was enacted as part of the Tariff Act of 1913. But the legislative history of the act contains no reason or ...
Jan 10, 2020 · The Johnson Amendment was adopted in 1954, restricting tax-exempt churches from participating in political campaigns or risk losing their tax-exempt status. Some churches have complained the restriction inhibits their religious expression.
1. What is the Johnson Amendment? The Johnson Amendment regulates what tax-exempt organizations such as churches can do in the political arena. Under terms of the 1954 legislation (named for its ...
The Chicago Bulls are an American professional basketball team based in Chicago. The Bulls compete in the National Basketball Association (NBA) as a member of the Central Division of the Eastern Conference. The team was founded on January 16, 1966, and played its first game during the 1966–67 NBA season. [9]
Dec 2, 2017 · The “Johnson Amendment” is a provision of the tax code that prohibits a certain class of nonprofits, including charities and churches, from engaging in candidate election campaigns. Named after its author, then-Senator Lyndon Baines Johnson, the Johnson Amendment was passed into law as part of the Internal Revenue Act of 1954.
The 1992–93 NBA season was the Bulls' 27th season in the National Basketball Association. [1] The Bulls entered the season as the back-to-back defending NBA champions, having defeated the Portland Trail Blazers in the 1992 NBA Finals in six games, winning their second NBA championship. In the off-season, the team acquired Rodney McCray from ...
