Taxable year.

(g) Taxable year. The taxable year of a governmental unit or tax-exempt organization described in 48.6421-1(c) or 48.6421-2(c) is the calendar or fiscal year on the basis of which it regularly keeps its books. The taxable year of persons subject to income tax shall have the meaning it has under section 7701(a)(23).


26 CFR § 48.6421-4

Scoping language

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