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Capital Absorption Opportunity · Tax-exempt organizations (26 U.S.C. § 501) · 501(c) Organizations

501(c)(2) Organizations

Definition

Title-holding corporations: corporations organized to hold title to property, collect its income, and turn the whole amount, less expenses, over to an organization that is itself exempt under section 501; the paragraph has been in the Code since its 1954 enactment.[1]

Federal law

  1. Internal Revenue Code of 1954, Pub. L. 83-591, ch. 736, § 501, 68A Stat. 163. Enacted section 501(c)(2) as part of the Internal Revenue Code of 1954. Official text: govinfo.gov, U.S. Government Publishing Office.