Eliminates nonprofit tax exemptions for entities engaged in political activity.

New York S08475 amends the tax law and real property tax law to eliminate tax exemptions for nonprofit organizations engaged in political activity. The bill defines political campaign activity and specifies activities that are per se violations, such as making contributions to candidates or publishing statements advocating for or against candidates. Safe harbors allow certain activities like hosting candidate forums if conducted neutrally. The Department of Taxation and Finance will enforce these provisions.

Eliminates nonprofit tax exemptions for entities engaged in political activity.

New York S08475 amends the tax law and real property tax law to eliminate tax exemptions for nonprofit organizations engaged in political activity. The bill defines political campaign activity and specifies activities that are per se violations, such as making contributions to candidates or publishing statements advocating for or against candidates. Safe harbors allow certain activities like hosting candidate forums if conducted neutrally. The Department of Taxation and Finance will enforce these provisions.