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#1 | |
Senior Member
Join Date: Sep 2011
Posts: 765
Likes: 75
Liked 524 Times in 141 Posts
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Please clarify within their guidance that you think their non profit status would be at risk or where this would fall. |
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#2 |
VIP Member
Join Date: Nov 2001
Location: The Lowcountry.
Posts: 2,962
Likes: 2,552
Liked 2,702 Times in 952 Posts
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Bruce,
Check your PM. |
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#3 | |
Member
Join Date: Mar 2003
Location: Upper Holland, PA
Posts: 423
Likes: 27
Liked 216 Times in 88 Posts
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Get your own racetrack. Start your own sanctioning body. Set your own rules. It's that simple.
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Jim Samuel |
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#4 | |
Senior Member
Join Date: Sep 2011
Posts: 765
Likes: 75
Liked 524 Times in 141 Posts
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I am of the opinion they are doing it by their own choice (which they can) and it isn't due to a legal reason. |
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#5 |
Member
Join Date: Mar 2002
Location: Carrolltown,PA
Posts: 118
Likes: 0
Liked 11 Times in 6 Posts
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You democrats that drag race can kiss your sport goodbye if Biden wins.Go find the new green deal.,if you can.It doesn't just cover petroleum products,it's a whole range of social changes.1984 is 36 years late
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#6 | |
VIP Member
Join Date: Jun 2002
Posts: 1,855
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Liked 444 Times in 145 Posts
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A few years ago we did some research on this subject, And as I remember a 501(c)6 must declare, at the time they make application, whether or not they intended to do any additional lobbying other than for it's exempt purpose. I believe NHRA indicated they were only going to lobby for it's intended purpose. It will be forced to pay taxes if NHRA attempted to step outside of it's intended exemption. We all know how long and hard NHRA has fought to avoid paying taxes. NHRA also mentioned it's 501(c)6 status in it's memo. Of course, I am not a lawyer but I think Bo's political statement, or anything like it, would cause real headaches for NHRA with the IRS.
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Bruce Noland 1788 STK |
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