WebSection 1803(a)(9) of Pub. L. 99–514 provided that: ‘‘In the case of any sale or exchange before July 1, 1985, to which section 483(f) of the Internal Revenue Code of 1954 [now 1986] (as in effect on the day before the date(d) or section 401(a) shall be exempt from tax of the enactment of Public Law 99–121 [Oct. 11, 1985]) WebFor purposes of this section, payment of a charitable contribution which consists of a future interest in tangible personal property shall be treated as made only when all intervening interests in, and rights to the actual possession or enjoyment of, the property have expired or are held by persons other than the taxpayer or those standing in a …
26 CFR § 1.501 (c) (12)-1 - Local benevolent life …
WebFor purposes of this paragraph, the term “ qualified contribution ” means any transfer of property to a qualified organization if the use of the property by the organization is related to the purpose or function constituting the basis for its exemption under section 501. (D) Qualified organization defined.— WebJan 1, 2024 · (12) (A) Benevolent life insurance associations of a purely local character, mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting losses and expenses. いいとこ鶏 新橋 ホットペッパー
501(c)(12) - Ballotpedia
WebCalifornia law does not cover anything comparable to Section 501(c)(12) of the Internal Revenue Code granting exemption to certain mutual ditch or irrigation companies (also known as mutual water companies). Therefore, federal exemption under IRC Section 501(c)(12) does not guarantee the company qualifies for California tax-exempt status. WebSection 501.--Exemption From Tax on Corporations, Certain Trusts, Etc. 26 CFR 1.501(c)(12)-1: Local benevolent life insurance associations, mutual irrigation and … Web( a) Religious or apostolic associations or corporations are described in section 501 (d) and are exempt from taxation under section 501 (a) if they have a common treasury or community treasury, even though they engage in business for the common benefit of the members, provided each of the members includes (at the time of filing his return) in … いいとこ饅頭 方言