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54 U.S.C. · National Park Service and Related Programs
54 U.S.C. § 101118

Tax exemptions; contributions toward costs of local government; contributions, gifts, or transfers to or for use of United States

Ch. 1011 — DONATIONS
Title 54 U.S.C. ● ACTIVE Primary Source Ch. 1011
Statutory Text

54 U.S.C. § 101118 — Tax exemptions; contributions toward costs of local government; contributions, gifts, or transfers to or for use of United States

U.S.C. Title 54 - NATIONAL PARK SERVICE AND RELATED PROGRAMS 54 U.S.C. United States Code, 2023 Edition Title 54 - NATIONAL PARK SERVICE AND RELATED PROGRAMS Subtitle I - National Park System DIVISION A - ESTABLISHMENT AND GENERAL ADMINISTRATION CHAPTER 1011 - DONATIONS SUBCHAPTER II - NATIONAL PARK FOUNDATION Sec. 101118 - Tax exemptions; contributions toward costs of local government; contributions, gifts, or transfers to or for use of United States From the U.S. Government Publishing Office, www.gpo.gov

§101118. Tax exemptions; contributions toward costs of local government; contributions, gifts, or transfers to or for use of United States

(a) Tax Exemption.—The National Park Foundation and any income or property received or owned by it, and all transactions relating to that income or property, shall be exempt from all Federal, State, and local taxation. (b) Contributions In Lieu of Taxes.—The National Park Foundation may— (1) contribute toward the costs of local government in amounts not in excess of those which it would be obligated to pay that government if it were not exempt from taxation by virtue of subsection (a) or by virtue of its being a charitable and nonprofit corporation; and (2) agree to contribute with respect to property transferred to it and the income derived from the property if the agreement is a condition of the transfer.

(c) Transfers Deemed To Be to or for the Use of United States.—Contributions, gifts, and other transfers made to or for the use of the Foundation shall be deemed to be contributions, gifts, or transfers to or for the use of the United States.

(Pub. L. 113–287, §3, Dec. 19, 2014, 128 Stat. 3122.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

101118 16 U.S.C. 19l. Pub. L. 90–209, §8, Dec. 18, 1967, 81 Stat. 657.

In subsection (b), the words "in the discretion of its directors" are omitted as unnecessary.

Source: uscode.house.gov — public domain Official Source ↗
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Citation
54 U.S.C. § 101118
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The statutory text of 54 U.S.C. § 101118 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 1011 — DONATIONS
54 U.S.C. § 10110154 U.S.C. § 10110254 U.S.C. § 10111154 U.S.C. § 10111254 U.S.C. § 10111354 U.S.C. § 10111454 U.S.C. § 10111554 U.S.C. § 10111654 U.S.C. § 10111754 U.S.C. § 10111854 U.S.C. § 10111954 U.S.C. § 10112054 U.S.C. § 10112154 U.S.C. § 101122
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