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Maine Center for Economic Policy
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| Maine Center for Economic Policy | |
| Basic facts | |
| Type: | 501(c)(3) |
| Website: | Official website |
The Maine Center for Economic Policy is a public policy research organization that focuses on issues of taxation and economics in the state of Maine.
Mission
According to the organization's website, as of January 2017, the mission statement for the Maine Center for Economic Policy was:[1]
| “ | The Maine Center for Economic Policy provides citizens, policymakers, advocates, and media with credible and rigorous economic analysis that advances economic justice and prosperity for all Maine people.[2] | ” |
Tax status
The Maine Center for Economic Policy is a 501(c)(3) tax-exempt nonprofit organization. Its 501(c) designation refers to a section of the U.S. federal income tax code concerning charitable, religious, and educational organizations.[3] Section 501(c) of the U.S. tax code has 29 sections that list specific conditions particular organizations must meet in order to be considered tax-exempt under the section. Organizations that have been granted 501(c)(3) status by the Internal Revenue Service are exempt from federal income tax.[4] This exemption requires that any political activity by the charitable organization be nonpartisan in nature.[5]
See also
- Maine Auto Excise Tax Repeal, Question 2 (2009)
- Maine Government Expenditure Limits and Voter Approval of Taxes Initiative, Question 4 (2009)
External links
Footnotes
- ↑ Maine Center for Economic Policy, "About MECEP," accessed January 16, 2017
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Internal Revenue Service, "Exempt Purposes - Internal Revenue Code Section 501(c)(3)," accessed January 13, 2014
- ↑ Internal Revenue Service, "Life Cycle of a Public Charity/Private Foundation," accessed July 10, 2015
- ↑ Internal Revenue Service, "Exemption Requirements - 501(c)(3) Organizations," accessed January 13, 2014
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