36 U.S.C. § 22507 — Tax-exempt status
U.S.C. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS 36 U.S.C. United States Code, 2023 Edition Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 225 - AMERICAN WAR MOTHERS Sec. 22507 - Tax-exempt status From the U.S. Government Publishing Office, www.gpo.gov
§22507. Tax-exempt status
The personal property and funds of the corporation, whether principal or income, so long as held or used only to carry out the purposes of the corporation, are exempt from taxation by the United States Government, the District of Columbia, and the territories and possessions of the United States.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1305.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
22507 36:96 (1st sentence). Feb. 24, 1925, ch. 303, §6 (less proviso), 43 Stat. 967.
The words "so long as held or used only to carry out the purposes of the corporation" are substituted for "held or used for the purposes hereof, pursuant to the provisions of this chapter . . . so long as the same shall be so used" to eliminate unnecessary words. The words "the United States Government, the District of Columbia, and the territories and possessions of the United States" are substituted for "the United States or any Territory or District thereof" for clarity.