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Common terms and phrases
84th Congress activities advertising ALEXANDER amount application behalf believe BOLLING broadcasting station BUTLER Campaign Committee CAMPAIGN EXPENDITURES candidacy candidate for public Chairman DAVIS Clifford Davis Commission Communications Act Congress congressional Corrupt Practices Act cost deduction Democratic Democratic National Committee election laws entitled exemption expenses facilities fact Federal Communications Commission Federal election Federal office FELLOWS filed funds gift tax give HILLINGS individual Internal Revenue Code Internal Revenue Service interpretation JONES KEATING KILPATRICK legally qualified candidate licensee limitation million mittee national committee networks obligation organization particular permit person political broadcasts political campaign political candidate political committee political contributions political parties President presidential primary elections problem proposal public interest public office purposes question radio and television regulations Republican respect Richard Bolling section 315 Senate SIMPSON specific spent staff memorandum tax credit television and radio television stations tion vote
Popular passages
Page 91 - ... Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not...
Page 91 - political committee" includes any committee, association, or organization which accepts contributions or makes expenditures for the purpose of influencing or attempting to influence the election of candidates or presidential and vice presidential electors...
Page 91 - SEC. 501. EXEMPTION FROM TAX ON CORPORATIONS, CERTAIN TRUSTS, ETC. (a) EXEMPTION FROM TAXATION. — An organization described in subsection (c) or (d) or section 401 (a) shall be exempt from taxation under this subtitle unless such exemption Is denied under section 502, 503, or 504.
Page 91 - contribution" includes a gift, subscription, loan, advance, or deposit, of money, or anything of value, and includes a contract, promise, or agreement, whether or not legally enforceable to make a contribution; (e) The term "expenditure...
Page 63 - All discount privileges otherwise offered by a station to commercial advertisers shall be available upon equal terms to all candidates for public office.
Page 63 - If any licensee shall permit any person who is a legally qualified candidate for any public office to use a broadcasting station, he shall afford equal opportunities to all other such candidates for that office in the use of such broadcasting station: Provided, That such licensee shall have no power of censorship over the material broadcast under the provisions of this section. No obligation is hereby imposed upon any licensee to allow the use of its station by any such candidate.
Page 87 - Code of 1954 provides for the deduction of all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business...
Page 90 - A corporation, trust, or community chest, fund, or foundation — (A) Created or organized In the United States or In any possession thereof, or under the law of the United States, any State or Territory, the District of Columbia, or any possession of the United States...
Page 90 - Trade or business expenses — (a) In general. There shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business...
Page 91 - In the case of gifts (other than gifts of future interests in property) made to any person by the donor during the calendar year...