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Re: I'm sure they couldn't think of anything more useful to do with it
Quote:
Originally Posted by Adder
Perhaps, although those investments were made with tax-exempt donations, no? And the church doesn't have to pay taxes on that investment income, right?
Helpfully, the IRS has a guide on taxation for churches (pdf), which says:
■ no substantial part of its activity may be attempting
to influence legislation,
■ the organization may not intervene in political
campaigns, |
It's not a political campaign (those involve candidates, not ballot law questions) and it's not attempting to influence legislation (which is a bill before a legislature).
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A wee dram a day!
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