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new disclosure requirement on charitable organizations under
section 6115.10
Section 170(f)(8) generally requires a taxpayer claiming a
charitable contribution deduction greater than $250 to
9(...continued)
exclusively for religious purposes and which generally
is not sold in a commercial transaction outside the
donative context.
10 Sec. 6115 provides:
SEC. 6115. DISCLOSURE RELATED TO QUID PRO QUO
CONTRIBUTIONS.
(a) Disclosure requirement.--If an organization
described in section 170(c) (other than paragraph (1)
thereof) receives a quid pro quo contribution in excess
of $75, the organization shall, in connection with the
solicitation or receipt of the contribution, provide a
written statement which--
(1) informs the donor that the amount of the
contribution that is deductible for Federal income tax
purposes is limited to the excess of the amount of any
money and the value of any property other than money
contributed by the donor over the value of the goods or
services provided by the organization, and
(2) provides the donor with a good faith
estimate of the value of such goods or services.
(b) Quid pro quo contribution.--For purposes of
this section, the term “quid pro quo contribution”
means a payment made partly as a contribution and
partly in consideration for goods or services provided
to the payor by the donee organization. A quid pro quo
contribution does not include any payment made to an
organization, organized exclusively for religious
purposes, in return for which the taxpayer receives
solely an intangible religious benefit that generally
is not sold in a commercial transaction outside the
donative context.
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