Sec. 6004. Mandatory electronic filing for annual returns of exempt organizations

309 words·~1 min read·/bill/113/hr/1/ih/section-6004

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Section 6033, as amended by the preceding provisions of this Act, is amended by redesignating subsection

(m)as subsection

(n)and by inserting after subsection

(l)the following new subsection: Any organization required to file a return under this section shall file such return in electronic form. . Subsection

(b)of section 6104 is amended by adding at the end the following: Any annual return required to be filed electronically under section 6033(m) shall be made available by the Secretary to the public in machine readable format as soon as practicable. . Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. In the case of any small organizations, or any other organizations for which the Secretary determines the application of the amendments made by subsection

(a)would cause undue burden without a delay, the Secretary may delay the application of such amendments, but not later than taxable years beginning 2 years after the date of the enactment of this Act. For purposes of clause (i), the term small organization means any organization— the gross receipts of which for the taxable year are less than $200,000, and the aggregate gross assets of which at the end of the taxable year are less than $500,000. In the case of any organization described in section 511(a)(2) of the Internal Revenue Code of 1986 which is subject to the tax imposed by section 511(a)(1) of such Code on its unrelated business taxable income, or any organization required to file a return under section 6033 of such Code and include information under subsection

(e)thereof, the Secretary may delay the application of the amendments made by this section, but not later than taxable years beginning 2 years after the date of the enactment of this Act.