NY Attorney General Launches Investigation Into NRA's Tax-Exempt Status

Oliver North announces that he is stepping down as president of the NRA.Screengrab / MSNBC / Youtube

NY Attorney General Letitia James announced a full investigation into the finances of the NRA and its affiliates.

The office of New York Attorney General Letitia James has announced an official inquiry into the National Rifle Association’s financial documentation, including an investigation into the organization’s tax-exempt status, The New York Times reports.

According to The Hill, attorney general spokeswoman Kelly Donnelly said, “The Office of New York State Attorney General Letitia James has launched an investigation related to the National Rifle Association (NRA). As part of this investigation, the Attorney General has issued subpoenas.”

On Friday, James told the NRA and its other partners and enterprises to keep all financial records that may be relevant to the inquiry. The charitable foundation belonging to the NRA was allegedly one of the affiliate organizations that received the mandate from James.

“The NRA will fully cooperate with any inquiry into its finances,” said NRA outside counsel William A. Brewer III. “The NRA is prepared for this, and has full confidence in its accounting practices and commitment to good governance.”

During her attorney general campaign last year, James vowed to launch an inquiry into the NRA’s status as a tax-exempt non-profit organization. In July, she promised to use her position to monitor and supervise non-profits like the NRA.

The investigation puts pressure on the gun lobby, which is already experiencing turmoil among its top officials. Shortly after allegations of struggles for power between NRA President Oliver North and NRA CEO and Executive Vice President Wayne LaPierre, North declared Saturday that he would be stepping down from his position after his term.

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