Payout Requirements for Certain Supporting Organizations – Advance Notice of Proposed Rulemaking |
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The IRS and Treasury Department issued an Advance Notice of Proposed Rulemaking (published in the Federal Register on August 2, 2007). The notice describes rules they anticipate proposing regarding payout requirements for certain section 509(a)(3) supporting organizations. The proposed rules also address qualification requirements for functionally integrated Type III supporting organizations, which are not subject to certain restrictions adopted by the Pension Protection Act of 2006 for other Type III supporting organizations. The period for submitting comments on the proposal has closed.
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Page Last Reviewed or Updated: January 07, 2009