Home/U.S. Code/Title 2/Ch. SUBCHAPTER I—ORGANIZATION AND ADMINISTRATION/§ 1953
FEDERAL · 2 U.S.C. · Chapter SUBCHAPTER I—ORGANIZATION AND ADMINISTRATION

Tax treatment of Fund

2 U.S.C. § 1953
Title2 — The Congress
ChapterSUBCHAPTER I—ORGANIZATION AND ADMINISTRATION
PartD

This text of 2 U.S.C. § 1953 (Tax treatment of Fund) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
2 U.S.C. § 1953.

Text

(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.

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Related

§ 170
2 U.S.C. § 170
§ 501
2 U.S.C. § 501

Source Credit

History

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

Editorial Notes

Editorial Notes

Codification
Section was classified to section 207c–2 of former Title 40, prior to the enactment of Title 40, Public Buildings, Property, and Works, by Pub. L. 107–217, §1, Aug. 21, 2002, 116 Stat. 1062.

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2 U.S.C. § 1953, Counsel Stack Legal Research, https://law.counselstack.com/usc/2/1953.