26 U.S.C. § 504
Status after organization ceases to qualify for exemption under section 501(c)(3) because of substantial lobbying or because of political activities
# (a) General rule
An organization which— (1) was exempt (or was determined by the Secretary to be exempt) from taxation under section 501(a) by reason of being an organization described in section 501(c)(3), and (2) is not an organization described in section 501(c)(3)— (A) by reason of carrying on propaganda, or otherwise attempting, to influence legislation, or (B) by reason of participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for public office, shall not at any time thereafter be treated as an organization described in section 501(c)(4).
# (b) Regulations to prevent avoidance
The Secretary shall prescribe such regulations as may be necessary or appropriate to prevent the avoidance of subsection (a), including regulations relating to a direct or indirect transfer of all or part of the assets of an organization to an organization controlled (directly or indirectly) by the same person or persons who control the transferor organization.
# (c) Churches, etc.
Subsection (a) shall not apply to any organization which is a disqualified organization within the meaning of section 501(h)(5) (relating to churches, etc.) for the taxable year immediately preceding the first taxable year for which such organization is described in paragraph (2) of subsection (a).
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Cited by 7
- 26 CFR § 1.501(c)(4)-1 — Civic organizations and local associations of employees.
- 26 CFR § 1.504-1 — Attempts to influence legislation; certain organizations formerly described in section 501(c)(3) denied exemption.
- 26 CFR § 1.504-2 — Certain transfers made to avoid section 504(a).
- 26 CFR § 1.542-3 — Stock ownership requirement.
- 26 CFR § 1.545-2 — Adjustments to taxable income.
- 26 CFR § 1.615-6 — Election to deduct under section 615.
- 26 CFR § 53.4942(a)-2 — Computation of undistributed income.
Nearby sections (25 sections)
- 470 · Limitation on deductions allocable to property used by…
- 471 · General rule for inventories
- 472 · Last-in, first-out inventories
- 473 · Qualified liquidations of LIFO inventories
- 474 · Simplified dollar-value LIFO method for certain small businesses
- 475 · Mark to market accounting method for dealers in securities
- 481 · Adjustments required by changes in method of accounting
- 482 · Allocation of income and deductions among taxpayers
- 483 · Interest on certain deferred payments
- 501 · Exemption from tax on corporations, certain trusts, etc.
- 502 · Feeder organizations
- 503 · Requirements for exemption
- 504 · Status after organization ceases to qualify for exemption under…
- 505 · Additional requirements for organizations described in paragraph…
- 506 · Organizations required to notify Secretary of intent to operate…
- 507 · Termination of private foundation status
- 508 · Special rules with respect to section 501(c)(3) organizations
- 509 · Private foundation defined
- 511 · Imposition of tax on unrelated business income of charitable,…
- 512 · Unrelated business taxable income
- 513 · Unrelated trade or business
- 514 · Unrelated debt-financed income
- 515 · Taxes of foreign countries and possessions of the United States
- 521 · Exemption of farmers’ cooperatives from tax
- 522 · Repealed. Pub. L. 87–834, § 17(b)(2), Oct. 16, 1962, 76 Stat. 1051