A.G. Schneiderman Announces New Electioneering Disclosure Requirements for NonprofitsDecember 2012
On December 12, 2012, New York Attorney General Eric Schneiderman announced new proposed disclosure rules for New York-registered nonprofits designed to bring more transparency to electioneering activities by tax-exempt, nonprofit organizations. Under these proposed rules, nonprofits registered with the New York Attorney General's Charities Bureau, including Section 501(c)(4) organizations, will have to report the percentage of their expenditures spent on federal, state and local electioneering in their annual reporting. Those nonprofits that spend over $10,000 on election-related expenditures in a year will need to disclose additional information about the expenditures and donors. Public comment on the proposed regulations will be received until March 6, 2013, and public hearings on the proposed regulations will be held between January 15, 2013 and February 27, 2013.