Overview
The Senate passed S.J. Res. 64 on a 50-49 vote, with Sen. Collins (R-ME) joining Democratic senators. The joint resolution, if also passed by the House, would nullify Revenue Procedure 2018-38, which provides that the IRS will no longer require organizations exempt from tax under section 501(a), other than section 501(c)(3) organizations, to report information about their contributors on Schedule B of their Forms 990 or 990-EZ. For prior coverage of Rev. Proc. 2018-38, click here.