Duty to maintain tax-exempt status

  1. Law
  2. USC 36
  3. Patriotic And National Observances, Ceremonies, And Organizations
  4. Patriotic and National Organizations
  5. Organizations
  6. CORPORATION FOR THE PROMOTION OF RIFLE PRACTICE AND FIREARMS SAFETY
  7. CORPORATION
  8. Duty to maintain tax-exempt status

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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)).

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1336 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
40705 36:5501(b)(2). Feb. 10, 1996, Pub. L. 104–106, title XVI, §1611(b)(2), 110 Stat. 516 .


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