applicable tax-exempt organization

(1) Applicable tax-exempt organization The term “applicable tax-exempt organization” means any organization which for the taxable year— (A) is exempt from taxation under section 501(a), (B) is a farmers’ cooperative organization described in section 521(b)(1), (C) has income excluded from taxation under section 115(1), or (D) is a political organization described in section 527(e)(1).


26 USC § 4960(c)(1)

Scoping language

For purposes of this section
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