Revenue and Taxation Code - RTC
DIVISION 2. OTHER TAXES [6001 - 61050]
( Heading of Division 2 amended by Stats. 1968, Ch. 279. ) PART 11. CORPORATION TAX LAW [23001 - 25141]
( Heading of Part 11 amended by Stats. 2001, Ch. 543, Sec. 21. ) CHAPTER 4. Exempt Corporations [23701 - 23778]
( Chapter 4 added by Stats. 1949, Ch. 557. ) ARTICLE 1. Exemptions From This Part [23701 - 23712]
( Article 1 added by Stats. 1949, Ch. 557. ) 23701f.
(a) A civic league, social welfare organization, or local organization of employees described in Section 501(c)(4) of the Internal Revenue Code, except as otherwise provided.
(b) An organization is not organized exclusively for exempt purposes under Section 501(c)(4) of the Internal Revenue Code unless its assets are irrevocably dedicated to one or more purposes listed in Section 501(c)(4) of the Internal Revenue Code.
(Repealed and added by Stats. 2000, Ch. 252, Sec. 8. Effective January 1, 2001.)