ONCE AND FUTURE GIFT TAXATION OF TRANSFERS TO SECTION 501(C)(4) ORGANIZATIONS: CURRENT LAW, CONSTITUTIONAL ISSUES, AND POLICY CONSIDERATIONS.

The article presents information on the issues raised due to the application of gift tax in social welfare organizations and their intervention in political campaigns. The constitutionality of such taxation, the interpretation of these laws and the tax law jurisprudence of the Supreme Court of the U.S. is discussed. The provisions related to exemption from the gift tax and taxing donations and the failure of law enforcement by the U.S. Internal Revenue Service is also discussed.