2 U.S. Code § 1953 - Tax treatment of Fund

(a) Contributions to Fund
For purposes of title 26, any contribution or gift to or for the use of the Fund shall be treated as a contribution or gift for exclusively public purposes to or for the use of an organization described in section 170 (c)(1) of title 26.
(b) Treatment of payments from Fund
Any payment from the Fund shall not be subject to any Federal, State, or local income or gift tax.
(c) Exemption
For purposes of title 26, notwithstanding section 501 (c)(1)(A) of title 26, the Fund shall be treated as described in section 501 (c)(1) of title 26 and exempt from tax under section 501 (a) of title 26.

Source

(Pub. L. 105–223, § 3,Aug. 7, 1998, 112 Stat. 1250.)
Codification

Section was classified to section 207c–2 of former Title 40, prior to the enactment of Title 40, Public Buildings, Property, and Works, by Pub. L. 107–217, § 1,Aug. 21, 2002, 116 Stat. 1062.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

2 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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