S.1205

Free Speech Fairness Act allows 501(c)(3) organizations to make political statements if they are in the ordinary course of their tax-exempt.

The Free Speech Fairness Act amends the Internal Revenue Code to allow charitable organizations to make statements relating to political campaigns if such statements are made in the ordinary course of carrying out their tax-exempt purpose. The bill specifies that these statements must be part of the organization's regular and customary activities and result in only de minimis incremental expenses. The amendment applies to taxable years ending after the date of the enactment of this Act.