Sec. 5008. Qualified sponsorship payments
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/bill/113/hr/1/ih/section-5008A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subparagraphs
(A)and (B)(ii)(I) of section 513(i)(2) are each amended by striking (or product lines) . Subparagraph
(B)of section 513(i)(2) is amended by adding at the end the following new clause: In the case of an event with respect to which an organization receives an aggregate amount of qualified sponsorship payments greater than $25,000, a payment shall not be treated as a qualified sponsorship payment for purposes of paragraph
(1)unless the use or acknowledgment of the sponsor’s name or logo appears with, and in substantially the same manner as, the names of a significant portion of other donors to the organization. For purposes of the preceding sentence, whether a number of donors is a significant portion shall be determined based on the total number of donors and the total contributed with respect to the event, but in no event shall fewer than 2 other donors be treated as a significant portion of other donors. . The heading for clause
(ii)of section 513(i)(2)(B) is amended to read as follows: . Periodicals and qualified convention and trade show activities. The amendments made by this section shall apply to taxable years beginning after December 31, 2014.