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26 U.S.C. § 6050 — Repealed. Pub. L. 96–167, § 5(a), Dec. 29, 1979, 93 Stat. 1276]
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 91–172, title I, § 121(e)(1), Dec. 30, 1969, 83 Stat. 548; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, provided for a return by transferor of income producing property if the transferee was known to be an organization referred to in section 511(a) or (b) and property had a fair market value in excess of $50,000.
#### Effective Date of Repeal
Pub. L. 96–167, § 5(c), Dec. 29, 1979, 93 Stat. 1276, provided that: “The amendments made by this section [repealing this section] shall apply to transfers after the date of the enactment of this Act [Dec. 29, 1979].”
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Source file: Laws/federal/codes/united-states-code/title-26/section-6050-repealed-pub-l-96167-5-a-dec-29-1979-93-stat-1276--0fe35dbd9c.md
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Source location: Title 26, Chapter 61, § 6050; chapter-061-information-and-returns.md
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### Statutory Notes
Section, added Pub. L. 91–172, title I, § 121(e)(1), Dec. 30, 1969, 83 Stat. 548; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, provided for a return by transferor of income producing property if the transferee was known to be an organization referred to in section 511(a) or (b) and property had a fair market value in excess of $50,000.
#### Effective Date of Repeal
Pub. L. 96–167, § 5(c), Dec. 29, 1979, 93 Stat. 1276, provided that: “The amendments made by this section [repealing this section] shall apply to transfers after the date of the enactment of this Act [Dec. 29, 1979].”
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Charitable, etc., organizations taxable at corporation rates**
(1) **Imposition of tax** — There is hereby imposed for each taxable year on the unrelated business taxable income (as defined in section 512) of every organization described in paragraph (2) a tax computed as provided in section 11. In making such computation for purposes of this section, the term “taxable income” as used in section 11 shall be read as “unrelated business taxable income”.
(2) **Organizations subject to tax**
(A) *Organizations described in sections 401(a) and 501(c)* — The tax imposed by paragraph (1) shall apply in the case of any organization (other than a trust described in subsection (b) or an organization described in section 501(c)(1)) which is exempt, except as provided in this part or part II (relating to private foundations), from taxation under this subtitle by reason of section 501(a).
(B) *State colleges and universities* — The tax imposed by paragraph (1) shall apply in the case of any college or university which is an agency or instrumentality of any government or any political subdivision thereof, or which is owned or operated by a government or any political subdivision thereof, or by any agency or instrumentality of one or more governments or political subdivisions. Such tax shall also apply in the case of any corporation wholly owned by one or more such colleges or universities.
**(b) Tax on charitable, etc., trusts**
(1) **Imposition of tax** — There is hereby imposed for each taxable year on the unrelated business taxable income of every trust described in paragraph (2) a tax computed as provided in section 1(e). In making such computation for purposes of this section, the term “taxable income” as used in section 1 shall be read as “unrelated business tax
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 511
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Federal law — U.S. Code and appendices · legal_authorities
Page 3378
TITLE 26—INTERNAL REVENUE CODE
[§ 6050
such amendment relates, see section 1019(a) of Pub. L.
100–647, set out as a note under section 1 of this title.
EFFECTIVE DATE OF 1986 AMENDMENT
Amendment by section 674 of Pub. L. 99–514 effective
Jan. 1, 1987, see section 675(a) of Pub. L. 99–514, as
amended, set out as an Effective Date note under sec-
tion 860A of this title.
Amendment by section 1214(c)(4) of Pub. L. 99–514 ap-
plicable to payments made in taxable year of payor be-
ginning after Dec. 31, 1986, except as otherwise pro-
vided, see section 1214(d) of Pub. L. 99–514, as amended,
set out as a note under section 861 of this title.
Amendment by section 1501(c)(5) of Pub. L. 99–514 ap-
plicable to returns the due date for which (determined
without regard to extensions) is after Oct. 22, 1986, see
section 1501(e) of Pub. L. 99–514, set out as an Effective
Date note under section 6721 of this title.
Amendment by section 1803(a)(14)(C) of Pub. L. 99–514
effective, except as otherwise provided, as if included in
the provisions of the Tax Reform Act of 1984, Pub. L.
98–369, div. A, to which such amendment relates, see
section 1881 of Pub. L. 99–514, set out as a note under
section 48 of this title.
EFFECTIVE DATE OF 1984 AMENDMENT
Amendment by section 42(a)(14) of Pub. L. 98–369 ap-
plicable to taxable years ending after July 18, 1984, see
section 44 of Pub. L. 98–369, set out as an Effective Date
note under section 1271 of this title.
Amendment by section 474(r)(29)(J) of Pub. L. 98–369
not applicable with respect to obligations issued before
Jan. 1, 1984, see section 475(b) of Pub. L. 98–369, set out
as a note under section 33 of this title.
EFFECTIVE DATE OF 1983 AMENDMENT
Amendment by section 102(a), (e) of Pub. L. 98–67 ef-
fectiv
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6050
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