Small Block

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

501(c)(27) Organizations

Definition

State-sponsored workers' compensation organizations: membership organizations established by a state before June 1, 1996, to reimburse members for losses under workmen's compensation acts[1], and organizations, including mutual insurance companies, created by state law to provide workmen's compensation insurance.[2]

Federal law

  1. Health Insurance Portability and Accountability Act of 1996, Pub. L. 104-191, § 342(a), 110 Stat. 2070. Added section 501(c)(27) (§ 342(a)), now (27)(A). Official text: govinfo.gov, U.S. Government Publishing Office.
  2. Taxpayer Relief Act of 1997, Pub. L. 105-34, § 963, 111 Stat. 892. Added section 501(c)(27)(B) for state-created workers' compensation insurance organizations (§ 963). Official text: govinfo.gov, U.S. Government Publishing Office.