California Statutes
§ 23736.4. — 23736.4. (Amended by Stats. 2000, Ch. 862, Sec. 99.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 11. PART 11. CORPORATION TAX LAW·Ch. 4. CHAPTER 4. Exempt Corporations·Art. 2. ARTICLE 2. Taxation of Business Income of Certain Article 1 Organizations
Any organization denied exemption under Section 23701d or Section 23701n by reason of the provisions of Section 23736.2 with respect to any taxable year following the taxable year in which notice of denial of exemption was received, may, under regulations prescribed by the Franchise Tax Board, file claim for exemption, and if the Franchise Tax Board pursuant to such regulations, is satisfied that such organizations will not knowingly again engage in a prohibited transaction, such organization shall be exempt with respect to taxable years subsequent to the
year in which such claim is filed.
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California § 23736.4. (23736.4. (Amended by Stats. 2000, Ch. 862, Sec. 99.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2000, Ch. 862, Sec. 99. Effective January 1, 2001.