Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 1381
Organizations to which part applies
# (a) In general
This part shall apply to— (1) any organization exempt from tax under section 521 (relating to exemption of farmers' cooperatives from tax), and (2) any corporation operating on a cooperative basis other than an organization— (A) which is exempt from tax under this chapter, (B) which is subject to the provisions of— (i) part II of subchapter H (relating to mutual savings banks, etc.), or (ii) subchapter L (relating to insurance companies), or (C) which is engaged in furnishing electric energy, or providing telephone service, to persons in rural areas.
# (b) Tax on certain farmers' cooperatives
An organization described in subsection (a)(1) shall be subject to the tax imposed by section 11.
# (c) Cross reference
For treatment of income from load loss transactions of organizations described in subsection (a)(2)(C), see section 501(c)(12)(H).
Source: view the official text
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