(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.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In California Revenue and Taxation Code 23701f

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

(Repealed and added by Stats. 2000, Ch. 252, Sec. 8. Effective January 1, 2001.)

  Previous section
Next section  
 Article 1 Contents