40 USC 207c-2: Tax treatment of Fund
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40 USC 207c-2: Tax treatment of Fund Text contains those laws in effect on January 2, 2001
From Title 40-PUBLIC BUILDINGS, PROPERTY, AND WORKSCHAPTER 2-CAPITOL BUILDING AND GROUNDS
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§207c–2. Tax treatment of Fund

(a) Contributions to Fund

For purposes of title 26, any contribution or gift to or for the use of the Fund shall be treated as a contribution or gift for exclusively public purposes to or for the use of an organization described in section 170(c)(1) of title 26.

(b) Treatment of payments from Fund

Any payment from the Fund shall not be subject to any Federal, State, or local income or gift tax.

(c) Exemption

For purposes of title 26, notwithstanding section 501(c)(1)(A) of title 26, the Fund shall be treated as described in section 501(c)(1) of title 26 and exempt from tax under section 501(a) of title 26.

( Pub. L. 105–223, §3, Aug. 7, 1998, 112 Stat. 1250 .)

Section Referred to in Other Sections

This section is referred to in section 207c of this title.