36 USC 40705: Duty to maintain tax-exempt status
Text contains those laws in effect on June 30, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 407-CORPORATION FOR THE PROMOTION OF RIFLE PRACTICE AND FIREARMS SAFETYSUBCHAPTER I-CORPORATION
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§40705. Duty to maintain tax-exempt status
The corporation shall be operated in a manner and for purposes that qualify the corporation for exemption from taxation under section 501(a) of the Internal Revenue Code of 1986 (26 U.S.C. 501(a)) as an organization described in section 501(c)(3) of that Code (26 U.S.C. 501(c)(3)).
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| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40705 | 36:5501(b)(2). | Feb. 10, 1996,
|