26 U.S.C. 501: Exemption from tax on corporations, certain trusts, etc.

2019

• Pub. L. 116–94 added subpar. (J). (Further Consolidated Appropriations Act, 2020) Law text · (c)

2018

• Pub. L. 115–141, §109(b), substituted "means—" for "means the Federal Energy Regulatory Commission and references to such term shall be treated as including the Public Utility Commission of Texas with respect to any ERCOT utility (as defined in section 212(k)(2)(B) of the Federa… (Consolidated Appropriations Act, 2018) Law text · (c)
• Pub. L. 115–123 added subpar. (I). (Bipartisan Budget Act of 2018) Law text · (c)
• Pub. L. 115–141, §401(a)(122), inserted period at end. (Consolidated Appropriations Act, 2018) Law text · (c)
• Pub. L. 115–141, §401(a)(123), substituted "widows," for "widows,,". (Consolidated Appropriations Act, 2018) Law text · (c)
• Pub. L. 115–141, §401(a)(124), substituted "section 115" for "section 115(a)". (Consolidated Appropriations Act, 2018) Law text · (f)
• Pub. L. 115–141, §401(b)(22), struck out ", 556(b)(2)" after "545(b)(2)". (Consolidated Appropriations Act, 2018) Law text · (p)

2015

• Pub. L. 114–113 added subpar. (E) and redesignated former subpars. (E) and (F) as (F) and (G), respectively. (Consolidated Appropriations Act, 2016) Law text · (h)

2014

• Pub. L. 113–295, §221(a)(19)(B)(iii), struck out par. (20) which read as follows: "an organization or trust created or organized in the United States, the exclusive function of which is to form part of a qualified group legal services plan or plans, within the meaning of section 12… Law text · (c)
• Pub. L. 113–295, §221(a)(62), struck out subsec. (s). Text read as follows: "For nonexemption of Communist-controlled organizations, see section 11(b) of the Internal Security Act of 1950 (64 Stat. 997; 50 U.S.C. 790(b))." Law text · (s)

2010

• Pub. L. 111–152 inserted at end "For purposes of providing for the payment of sick and accident benefits to members of such an association and their dependents, the term 'dependent' shall include any individual who is a child (as defined in section 152(f)(1)) of a member who as of t… (Health Care and Education Reconciliation Act of 2010) Law text · (c)
• Pub. L. 111–148, §1322(h)(1), added par. (29). (Patient Protection and Affordable Care Act) Law text · (c)
• Pub. L. 111–148, §6301(f), added par. (4). (Patient Protection and Affordable Care Act) Law text · (l)
• Pub. L. 111–148, §9007(a), added subsec. (r). Former subsec. (r) redesignated (s). (Patient Protection and Affordable Care Act) Law text · (r)
• Pub. L. 111–148, §10903(a), substituted "the amounts generally billed" for "the lowest amounts charged". (Patient Protection and Affordable Care Act) Law text · (r)
• Pub. L. 111–148, §9007(a), redesignated subsec. (r) as (s). (Patient Protection and Affordable Care Act) Law text · (s)

2006

• Pub. L. 109–280, §862(a), amended introductory provisions and cls. (i) and (ii) generally. Prior to amendment, introductory provisions and cls. (i) and (ii) read as follows: "Payments described in subparagraph (A)(i)(IV) may be made from such trust during a taxable year only to … (Pension Protection Act of 2006) Law text · (c)
• Pub. L. 109–280, §1220(a), which directed the amendment of section 501 by adding subsec. (q) and redesignating former subsec. (q) as (r), without specifying the act to be amended, was executed by making the amendments to this section, which is section 501 of the Internal Revenue … (Pension Protection Act of 2006) Law text · (q), (r)

2005

• Pub. L. 109–58, §1304(a), struck out concluding provisions which read as follows: "Clauses (ii) through (v) shall not apply to taxable years beginning after December 31, 2006." (Energy Policy Act of 2005) Law text · (c)
• Pub. L. 109–135, §412(bb)(1), substituted "subparagraph (C)(iv)" for "subparagraph (C)(iii)". (Gulf Opportunity Zone Act of 2005) Law text · (c)
• Pub. L. 109–135, §412(bb)(2), substituted "subparagraph (C)(v)" for "subparagraph (C)(iv)". (Gulf Opportunity Zone Act of 2005) Law text · (c)
• Pub. L. 109–58, §1304(b), struck out cl. (x) which read as follows: "This subparagraph shall not apply to taxable years beginning after December 31, 2006." (Energy Policy Act of 2005) Law text · (c)
• Pub. L. 109–135, §412(cc), substituted "clause (ii) of paragraph (21)(D)" for "clause (ii) of paragraph (21)(B)". (Gulf Opportunity Zone Act of 2005) Law text · (c)

2004

• Pub. L. 108–357, §319(a)(1), added cls. (ii) to (v) and concluding provisions and struck out former cl. (ii) which read as follows: "from the prepayment of a loan under section 306A, 306B, or 311 of the Rural Electrification Act of 1936 (as in effect on January 1, 1987)." (American Jobs Creation Act of 2004) Law text · (c)
• Pub. L. 108–357, §319(a)(2), added subpars. (E) to (G). (American Jobs Creation Act of 2004) Law text · (c)
• Pub. L. 108–357, §319(b), added subpar. (H). (American Jobs Creation Act of 2004) Law text · (c)
• Pub. L. 108–218, §206(a), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "Insurance companies or associations other than life (including interinsurers and reciprocal underwriters) if the net written premiums (or, if greater, direct written premiu… (Pension Funding Equity Act of 2004) Law text · (c)
• Pub. L. 108–218, §206(b), inserted before period at end ", except that in applying section 831(b)(2)(B)(ii) for purposes of this subparagraph, subparagraphs (B) and (C) of section 1563(b)(2) shall be disregarded". (Pension Funding Equity Act of 2004) Law text · (c)

2003

• Pub. L. 108–121, §105(a), substituted ", widowers, ancestors, or lineal descendants" for "or widowers". (Military Family Tax Relief Act of 2003) Law text · (c)
• Pub. L. 108–121, §108(a), added subsec. (p) and redesignated former subsec. (p) as (q). (Military Family Tax Relief Act of 2003) Law text · (p), (q)

2001

• Pub. L. 107–16, §611(d)(3)(C), struck out "(other than paragraph (4) thereof)" after "section 402(g)". (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (c)
• Pub. L. 107–90 added par. (28). (Railroad Retirement and Survivors' Improvement Act of 2001) Law text · (c)

1998

• Pub. L. 105–206, §6023(6), substituted "subparagraph (E)(ii)" for "subparagraph (C)(ii)" in concluding provisions. (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (n)
• Pub. L. 105–206, §6023(7), substituted "section 1855(d)" for "section 1853(e)". (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (o)

1997

• Pub. L. 105–34, §101(c), inserted concluding provisions "A spouse and any qualifying child (as defined in section 24(c)) of an individual described in subparagraph (B) (without regard to this sentence) shall be treated as described in subparagraph (B)." (Taxpayer Relief Act of 1997) Law text · (c)
• Pub. L. 105–34, §963(a), (b), designated existing provisions as subpar. (A), redesignated former subpar. (A) as cl. (i), redesignated subpar. (B) as cl. (ii) and former cls. (i) and (ii) of subpar. (B) as subcls. (I) and (II), respectively, of cl. (ii), redesignated subpar. (C) as … (Taxpayer Relief Act of 1997) Law text · (c)
• Pub. L. 105–34, §974(a), inserted "(including the purchase of patron accounts receivable on a recourse basis)" after "billing and collection". (Taxpayer Relief Act of 1997) Law text · (e)
• Pub. L. 105–33 added subsec. (o) and redesignated former subsec. (o) as (p). (Balanced Budget Act of 1997) Law text · (o), (p)

1996

• Pub. L. 104–168 designated existing provisions as subpar. (A) and added subpar. (B). (Taxpayer Bill of Rights 2) Law text · (c)
• Pub. L. 104–188, §1704(j)(5), substituted "section 101(7)" for "section 101(6)" and "1752(7)" for "1752(6)". (Small Business Job Protection Act of 1996) Law text · (c)
• Pub. L. 104–191, §341(a), added par. (26). (Health Insurance Portability and Accountability Act of 1996) Law text · (c)
• Pub. L. 104–191, §342(a), added par. (27). (Health Insurance Portability and Accountability Act of 1996) Law text · (c)
• Pub. L. 104–188, §1114(a), added subsec. (n) and redesignated former subsec. (n) as (o). (Small Business Job Protection Act of 1996) Law text · (n), (o)

1993

• Pub. L. 103–66, §13146(b), inserted at end "Rules similar to the rules of subparagraph (G) of paragraph (25) shall apply for purposes of this paragraph." · (c)
• Pub. L. 103–66, §13146(a), added subpar. (G). · (c)

1992

• Pub. L. 102–486 amended par. (21) generally, substituting present provisions consisting of subpars. (A) to (D) for former provisions consisting of subpars. (A) and (B). · (c)

1989

• Pub. L. 101–73 amended subsec. (l) generally. Prior to amendment, subsec. (l) read as follows: "The organization described in this subsection is the Central Liquidity Facility established under title III of the Federal Credit Union Act (12 U.S.C. 1795 et seq.)." · (l)

1988

• Pub. L. 100–647, §1018(u)(15), substituted "Any" for "any". · (c)
• Pub. L. 100–647, §2003(a)(1), added cl. (iv). · (c)
• Pub. L. 100–647, §2003(a)(2), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: "In the case of a mutual or cooperative electric company, subparagraph (A) shall be applied without taking into account any income received or accrued from qualified pol… · (c)
• Pub. L. 100–647, §1018(u)(34), made technical amendments to Pub. L. 99–154, §1114(b)(14). See 1986 Amendment note below. · (c), (iii), (18), (C)
• Pub. L. 100–647, §1011(c)(7)(D), added cl. (iv). · (c)
• Pub. L. 100–647, §1018(u)(14), substituted "Any" for "any". · (c)
• Pub. L. 100–647, §1016(a)(1)(A), inserted at end "For purposes of clause (iii), the term 'real property' shall not include any interest as a tenant in common (or similar interest) and shall not include any indirect interest." · (c)
• Pub. L. 100–647, §1016(a)(3)(B), struck out cl. (v) which read as follows: "any organization described in this paragraph." · (c)
• Pub. L. 100–647, §1016(a)(2), substituted "A corporation or trust shall in no event be treated as described in subparagraph (A) unless such corporation or trust permits its shareholders or beneficiaries" for "A corporation or trust described in this paragraph must permit its sha… · (c)
• Pub. L. 100–647, §1016(a)(3)(A), (4), added subpars. (E) and (F). · (c), (F)
• Pub. L. 100–647, §6202(a), inserted "(including the purchasing of insurance on a group basis)" after "purchasing". · (e)
• Pub. L. 100–647, §1010(b)(4)(A), added subpar. (E). · (m)
• Pub. L. 100–647, §1010(b)(4)(B), added par. (5). · (m)

1987

• Pub. L. 100–203 inserted "(or in opposition to)" after "in behalf of". · (c)

1986

• Pub. L. 99–514, §1899A(15), substituted "July 18, 1984" for "the date of the enactment of the Tax Reform Act of 1984". · (c)
• Pub. L. 99–514, §1879(k)(1), added cl. (iv). · (c)
• Pub. L. 99–514, §1024(b), amended par. (15) generally. Prior to amendment, par. (15) read as follows: "Mutual insurance companies or associations other than life or marine (including inter-insurers and reciprocal underwriters) if the gross amount received during the taxable year fr… · (c)
• Pub. L. 99–514, §1114(b)(14), as amended by Pub. L. 100–647, §1018(u)(34), substituted "highly compensated employees (within the meaning of section 414(q))" for "officers, shareholders, persons whose principal duties consist of supervising the work of ot… · (c), (iii), (18), (C)
• Pub. L. 99–514, §1109(a), added subpar. (D). · (c)
• Pub. L. 99–272 added par. (24). · (c)
• Pub. L. 99–514, §1603(a), added par. (25). · (c)
• Pub. L. 99–514, §1012(a), added subsec. (m) and redesignated former subsec. (m) as (n). · (m), (n)

1984

• Pub. L. 98–369, §2813(b)(2), designated existing provisions as subpar. (A) and added subpar. (B). · (c)
• Pub. L. 98–369, §1079, substituted provisions referring to corporations exempt from Federal income taxes under any Act of Congress as amended and supplemented before July 18, 1984, or under this title without regard to any provision of law not contained in this title and not cont… · (c)
• Pub. L. 98–369, §1032(a), added subsec. (k). Former subsec. (k) redesignated (l). · (k)
• Pub. L. 98–369, §2813(b)(1), added subsec. (l). Former subsec. (l) redesignated (m). · (l)
• Pub. L. 98–369, §1032(a), redesignated former subsec. (k) as (l). · (l)
• Pub. L. 98–369, §2813(b)(1), redesignated former subsec. (l) as (m). · (m)

1983

• Pub. L. 97–448 substituted "75 percent" for "25 percent". · (c)

1982

• Pub. L. 97–248, §354(a)(1), substituted "past or present members of the Armed Forces of the United States" for "war veterans" after "A post or organization of". · (c)
• Pub. L. 97–248, §354(a)(2), substituted "past or present members of the Armed Forces of the United States" for "war veterans" wherever appearing, struck out "veterans (but not war veterans), or are" after "individuals who are", and substituted "or of cadets" for "or such individ… · (c)
• Pub. L. 97–248, §354(b), added par. (23). · (c)
• Pub. L. 97–248, §286(a), added subsec. (j) and redesignated former subsec. (j) as (k). · (j), (k)

1981

• Pub. L. 97–119 substituted "established under section 9501" for "established under section 3 of the Black Lung Benefits Revenue Act of 1977". · (c)

1980

• Pub. L. 96–605 designated existing provision as subpar. (A), struck out provision that, in the case of any mutual or cooperative telephone company, the 85 per cent or more income requirement be applied without taking into account any income received or accrued from a nonmember tele… · (c)
• Pub. L. 96–222 substituted "Federal Mine Safety and Health Act of 1977" for "Federal Coal Mine Health and Safety Act of 1969". · (c)
• Pub. L. 96–364 added par. (22). · (c)
• Pub. L. 96–601 inserted provision that the restriction on religious discrimination not apply to an auxiliary of a fraternal beneficiary society if the society is described in subsec. (c)(8) of this section, is exempt from income tax under subsec. (a) of this section, and limits its mem… · (i)

1978

• Pub. L. 95–345 inserted provision relating to applicability of statutory provisions to mutual or cooperative telephone company of income received or accrued from a nonmember telephone company. · (c)
• Pub. L. 95–600, §703(b)(2), substituted "this paragraph" for "section 501(c)(20)". · (c)
• Pub. L. 95–227 added par. (21). · (c)
• Pub. L. 95–600, §703(g)(2)(B), redesignated subsec. (g), which was added by section 2(a) of Pub. L. 94–568, as subsec. (i). Former subsec. (i), relating to cross reference, redesignated (j). · (g), (i)
• Pub. L. 95–600, §703(g)(2)(A), amended Pub. L. 95–600, §2(a). See 1976 Amendment note below. · (i), (j)

1976

• Pub. L. 94–455, §§1313(a), 1307(d)(1)(A), inserted "or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment)" after "educational purposes" and inserted "(except as otherwise pr… · (c)
• Pub. L. 94–568, §1(a), struck out requirement that clubs be "operated exclusively" for specified purposes but required that substantially all of club activities be for specified purposes. · (c)
• Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary". · (c), (18)
• Pub. L. 94–455, §2134(b), added par. (20). · (c)
• Pub. L. 94–455, §1312(a), inserted "clinical" after "food". · (e)
• Pub. L. 94–568, §2(a), added subsec. (g) relating to prohibition of discrimination by certain social clubs. · (g)
• Pub. L. 94–455, §2113(a), added subsec. (g) defining agricultural. Former subsec. (g) redesignated (h). · (g)
• Pub. L. 94–455, §§1307(a)(1), 2113(a), added subsec. (h). Former subsec. (g), relating to cross reference, redesignated (h) and further redesignated (i). · (h)
• Pub. L. 94–568, §2(a), as amended by Pub. L. 95–600, §703(g)(2)(A), added subsec. (i). Former subsec. (i) redesignated (j). · (i)
• Pub. L. 94–455, §1307(a)(1), redesignated subsec. (h), relating to cross reference, as (i). · (i)
• Pub. L. 94–568, §2(a), as amended by Pub. L. 95–600, §703(g)(2)(A), redesignated subsec. (i), relating to cross reference, as (j). · (j)

1975

• Pub. L. 93–625 inserted references to part VI of this subchapter. · (b)

1974

• Pub. L. 93–310 added subsec. (f) and redesignated former subsec. (f) as (g). · (f), (g)

1972

• Pub. L. 92–418 added par. (19). · (c)

1969

• Pub. L. 91–172, §101(j)(3), struck out reference to section 504. · (a)
• Pub. L. 91–172, §101(j)(4), inserted reference to certain other activities in heading and to part III in text, and struck out reference to tax on unrelated income. · (b)
• Pub. L. 91–172, §§101(j)(5), 121(b)(6)(A), substituted "part IV" for "part III" after "Corporations organized by an association subject to" and added par. 18. · (c)
• Pub. L. 91–172, §121(b)(5)(A), inserted reference to designated beneficiaries and struck out reference to 85 percent or more income of voluntary employees' beneficiary associations. · (c)
• Pub. L. 91–172, §121(b)(5)(A), substituted provisions concerning domestic fraternal societies, orders, or associations, operating under the lodge system, for provisions covering voluntary employees' beneficiary associations which would pay benefits to designated beneficiaries of me… · (c)
• Pub. L. 91–172, §101(j)(6), substituted "section 170(b)(1)(A)(iii)" for "section 503(b)(5)" in last sentence. · (e)

1968

• Pub. L. 90–364 added subsec. (e) and redesignated former subsec. (e) as (f). · (e), (f)

1966

• Pub. L. 89–800 inserted reference to professional football leagues (whether or not administering a pension fund for football players). · (c)
• Pub. L. 89–352 designated as subpar. (A) provisions covering credit unions which were formerly set out preceding subpar. (A), designated as subpar. (B) and clauses (i), (ii), and (iii) thereunder provisions covering corporation or associations without capital stock organized before… · (c)

1962

• Pub. L. 87–834 substituted "$150,000" for "$75,000". · (c)

1960

• Pub. L. 86–428 substituted "September 1, 1957" for "September 1, 1951". · (c)
• Pub. L. 86–667 added par. (17). · (c)