If the proceeds of the fundraising activity will be split with National RPAC but the solicitation does not include a suggested contribution amount:\u00a0<\/strong><\/p>\nContributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes.\u00a0You may refuse to contribute without reprisal. ____% of each contribution is used by your state PAC to support state and local political candidates; ___% is sent to National RPAC to support federal candidates and is charged against your limits under 52 U.S.C. 30116. [Add the state contribution solicitation notice, if any]<\/p>\n
If the proceeds of the fundraising activity will be split with National RPAC and the solicitation contains a suggested contribution amount (such as in the case of dues billing):\u00a0<\/strong><\/p>\nContributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS\u00ae and its state and local associations will not favor or disadvantage any member because of the amount contributed or decision not to contribute.\u00a0You may refuse to contribute without reprisal. ____% of each contribution is used by your state PAC to support state and local political candidates; ___% is sent to National RPAC to support federal candidates and is charged against your limits under 52 U.S.C. 30116.\u00a0[Add the state contribution solicitation notice, if any]<\/p>\n
If the proceeds of the fundraising activity will be not split with National RPAC, and the state will retain 100% of the contributions:\u00a0<\/strong><\/p>\nContributions to RPAC are not deductible for federal income tax purposes.\u00a0[Add the state contribution solicitation notice, if any]<\/p>\n
For a \u201cgeneric\u201d (non-state specific) disclaimer where the contribution is split between the state PAC and National RPAC and a suggested contribution amount is provided, use the following:<\/strong><\/p>\nContributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS\u00ae and its state and local associations will not favor or disadvantage any member because of the amount contributed or a decision not to contribute.\u00a0You may refuse to contribute without reprisal. Your contribution is split between National RPAC and the State PAC in your state.\u00a0Contact your State Association or PAC for information about the percentages of your contribution provided to National RPAC and to the State PAC. The National RPAC portion is used to support federal candidates and is charged against your limits under 52 U.S.C. 30116.\u00a0[Add the state contribution solicitation notice, if any]<\/p>\n
For a \u201cgeneric\u201d (non-state specific) disclaimer where the contribution is split between the state PAC and National RPAC and a suggested contribution amount is provided and a \u201cclick here\u201d button can be used to advise the contributor of the percentages provided to each PAC, use the following:<\/strong><\/p>\nContributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS\u00ae and its state and local associations will not favor or disadvantage any member because of the amount contributed or a decision not to contribute.\u00a0You may refuse to contribute without reprisal. Your contribution is split between National RPAC and the State PAC in your state.\u00a0Click here [*] for the percentage of your contribution provided to National RPAC and to the State PAC. The National RPAC portion is used to support federal candidates and is charged against your limits under 52 U.S.C. 30116.\u00a0[Add the state contribution solicitation notice, if any]<\/p>\n","protected":false},"excerpt":{"rendered":"The laws governing political action committees vary at the national, state and local levels. The resources below are designed to assist state and local REALTOR\u00ae association staff in navigating legal and tax guidelines regarding RPAC. Questions?\u00a0Contact Darby Thorne at 202-383-1026. Resources RPAC Online Posting Guidelines As REALTOR\u00ae associations embrace social media to get their messages out to a wider audience, it’s crucial to keep in mind that RPAC-related information on social media and websites is subject to both federal and state election laws. These laws may require your association to regulate access to certain portions of the site. The Q&A linked above outlines some of the issues raised by associations’ use of social media for RPAC activities, and some suggestions on how the association or its PAC may address these issues. RPAC & The Law Webinar Recording What’s Kind about In-Kind Contributions? Reference Document Presentation Cooperative Agreements The National Association-State Association Political Contribution Collection And Cooperative Agreement describes respective responsibilities regarding the solicitation, collection and disbursements of RPAC funds. The State Association-Local Association Political Contribution Collection And Cooperative Agreement sets forth sample State and Local Association responsibilities in the solicitation, collection and disbursements of PAC funds in your state. National Association-State Association Political Contribution Collection And Cooperative Agreement State Association-Local Association Political Contribution Collection And Cooperative Agreement Federal Tax Return Filing Requirements for State PACs State RPAC committees must comply with the annual IRS information and tax return filing requirements. Generally, a state PAC must file Federal Form 990 if it has gross receipts of $25,000 or more, or in some cases (that is, if it files reports with a state campaign finance agency that requires reporting certain information about PAC contributors and expenditures), if it has gross receipts of $100,000 or more. If the PAC has taxable income of more than $100 it must also file Federal Form 1120-POL and pay any tax due. Taxable income for a PAC is income\u00a0other than\u00a0contributions made to the PAC, such as investment income. Serious penalties for failing to file Form 990 may be imposed, including fines of up to $10,000 for each year the PAC fails to file Form 990 and 5% of any tax due for failure to file Form 1120-POL. State PACs must also file with the IRS Federal Form 8871 when they are formed and may be required also to file periodic reports on Form 8872 unless they are exempted from that requirement, which most State PACs will be. State PACs should also check on and comply with any state tax filing requirements as well. State PACs should consult with their tax advisers for more information. See also the links below from the IRS website addressing these federal tax-filing requirements for political organizations, including State PACs: Tax Information for Political Organizations Annual Information Returns: Section 527 Political Organizations FAQs about the Annual Form Filing Requirements for Section 527 Organizations Questions? Contact Darby Thorne at 202-383-1026. Sample Solicitation Notices for State & Local Fundraising If the proceeds of the fundraising activity will be split with National RPAC but the solicitation does not include a suggested contribution amount:\u00a0 Contributions to RPAC […]","protected":false},"author":3,"featured_media":0,"parent":121,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"tags":[678,680,679,187,681],"class_list":["post-232","page","type-page","status-publish","hentry","tag-legal-and-tax-resources","tag-legal-resources","tag-rpac-legal-and-tax-resources","tag-rpac-resources","tag-tax-resources"],"acf":[],"_links":{"self":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/pages\/232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":1,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/pages\/232\/revisions"}],"predecessor-version":[{"id":21559,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/pages\/232\/revisions\/21559"}],"up":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/pages\/121"}],"wp:attachment":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}