Internal Revenue Code:Sec. 6115. Disclosure related to quid pro quo contributions

From TaxAlmanac

Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle F - Procedure and Administration
       CHAPTER 61 - INFORMATION AND RETURNS
        Subchapter B - Miscellaneous Provisions
      

Statute

    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.
 

Sources

    (Added Pub. L. 103-66, title XIII, Sec. 13173(a), Aug. 10, 1993,
    107 Stat. 456.)
 

Miscellaneous

                              PRIOR PROVISIONS
      A prior section 6115 was renumbered section 6116 of this title.
                               EFFECTIVE DATE
      Section 13173(d) of Pub. L. 103-66 provided that: ''The
    provisions of this section (enacting this section and section 6714
    of this title and renumbering former section 6115 as 6116 of this
    title) shall apply to quid pro quo contributions made on or after
    January 1, 1994.''
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in section 6714 of this title.