Exempt organization definition

Exempt organization means any banking organization, foreign

Exempt organization means a charitable organization, private foundation or other similar organization that is exempt from federal income tax under Section 501 of the Code.

Exempt organization means any insurance company, banking organization, bank holding company, federal credit union, national bank, state bank, federal savings bank, or any bank, trust company, savings bank, savings and loan association or credit union or any affiliate or subsidiary of the preceding entities organized under the laws of any state, or any instrumentality created by the United States or any state with the power to make mortgage loans.

Examples of Exempt organization in a sentence

• Notwithstanding anything to the contrary contained herein, Sections 12.02 and 12.03 shall also apply to the redemption of Units held by an Exempt Organization that were received from a Transfer by a Founding/Working Partner or REU Partner.

• Provided that a Shareholder which is an Exempt Organization does not incur any "acquisition indebtedness" as defined in Section 514(c) of the Code in connection with its acquisition of Shares, dividends paid by the Company to such Shareholder will not constitute unrelated business taxable income under Section 512 of the Code even if the Company owns "debt-financed property" as that term is defined in Section 514(b) of the Code; and 3.

• In computing the unrelated business taxable income of an Exempt Organization, deductions are allowed for expenses, depreciation and similar items that are directly connected with carrying on the unrelated business.

• Report this income and tax on FORM 990-T, Exempt Organization Business Income Tax Return.

• The fact that UBTI will be generated and allocated to the Partnership (and ultimately the Partners) may make an investment in the Partnership less desirable for an Exempt Organization.

More Definitions of Exempt organization

Exempt organization means an organization: that

Exempt organization means an organization that has been in continuous existence in the county of operation of the bingo game for at least one year and that is exempt from taxation under section 501(c)(3), 501(c)(4), 501(c)(8), 501(c)(10), 501(c)(19), or 501(d) of the Internal Revenue Code and is exempt under similar provisions of the General Statutes as a bona fide nonprofit charitable, civic, religious, fraternal, patriotic or veterans' organization or as a nonprofit volunteer fire department, or as a nonprofit volunteer rescue squad or a bona fide homeowners' or property owners' association. (If the organization has local branches or chapters, the term "exempt organization" means the local branch or chapter operating the bingo game);

Exempt organization means (i) an organization exempt from federal income taxation under Sections 501(c) or (d) of the Internal Revenue Code as amended from time to time (or corresponding provisions of subsequent superseding federal revenue laws), or (ii) an organization organized under the laws of a jurisdiction other than the United States (or any political subdivision thereof) which is substantially the same, in regard to the nature and purpose of its organization and operations, as any organization described in preceding clause (i).

Exempt organization means an organization that has been in

Exempt organization means an organization:

Exempt organization means the board or a state-regulated financial

Exempt organization means an NGO exempted from the provisions of this Act under section 5;