“Nonprofit organization” means any private nonprofit organization which has among its purposes the conservation of agricultural lands, and holds a tax exemption as defined under Section 501(c)(3) of the Internal Revenue Code, and further qualifies as an organization under Section 170(b)(1)(A)(vi) or 170(h)(3) of the Internal Revenue Code.
(Added by Stats. 1995, Ch. 931, Sec. 1. Effective January 1, 1996.)