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54 U.S.C. § 101118 — Tax exemptions; contributions toward costs of local government; contributions, gifts, or transfers to or for use of United States
Federal law — U.S. Code and appendices · legal_authorities
**(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.
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Source file: Laws/federal/codes/united-states-code/title-54/section-101118-tax-exemptions-contributions-toward-costs-of-local-government-contributi--14b31a4349.md
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Source location: Title 54, Chapter 1011, § 101118; chapter-1011-chapter-1011.md
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**(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.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 90–209, § 8, Dec. 18, 1967, 81 Stat. 657, related to tax exemptions, contributions, gifts, and transfers. See [section 101118 of Title 54](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title54-section101118&num=0&edition=prelim), National Park Service and Related Programs.
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Federal law — U.S. Code and appendices · legal_authorities
Page 34
TITLE 54—NATIONAL PARK SERVICE AND RELATED PROGRAMS
§ 101115
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
101114 .........
16 U.S.C. 19h.
Pub. L. 90–209, § 4, Dec. 18,
1967, 81 Stat. 656; Pub. L.
106–176,
title
III,
§ 305,
Mar. 10, 2000, 114 Stat. 33.
§ 101115. Corporate succession and powers and
duties acting as trustee; personal liability for
malfeasance
(a)
PERPETUAL
SUCCESSION.—The
National
Park Foundation shall have perpetual succes-
sion.
(b) POWERS AND DUTIES OF TRUSTEE.—The Na-
tional Park Foundation shall have all the usual
powers and obligations of a corporation acting
as a trustee, including the power to sue and to
be sued in its own name.
(c) PERSONAL LIABILITY OF BOARD MEMBERS.—
The members of the Board shall not be person-
ally liable, except for malfeasance.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
101115 .........
16 U.S.C. 19i.
Pub. L. 90–209, § 5, Dec. 18,
1967, 81 Stat. 657.
§ 101116. Corporate powers
The National Park Foundation shall have the
power to enter into contracts, to execute instru-
ments, and generally to do any and all lawful
acts necessary or appropriate to its purposes.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
101116 .........
16 U.S.C. 19j.
Pub. L. 90–209, § 6, Dec. 18,
1967, 81 Stat. 657.
§ 101117. Authority of Board
In carrying out this chapter, the Board may—
(1) adopt bylaws and regulations necessary
for the administration of its functions; and
(2) contract for any necessary services.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 12
Source: Supplied 2024 U.S. Code historical extraction · 54 U.S.C. § 101118
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