 | United States Commission on Civil Rights - 1977 - 1150 lapas
...law be deemed charitable, civic or educational; (2) it shall never be a purpose of the corporation to engage in a regular business of a kind ordinarily carried on for profit; (3) no part of the net earnings of the corporation shall inure to the benefit of, or be distributable... | |
 | 1978 - 552 lapas
...individual. § 1.501(c)(6)-l Business leagues, chambers of commerce, real estate boards, and boards of trade. A business league is an association of persons having...interest and not to engage in a regular business of (7) Clubs organized and operated exclusively for pleasure, recreation, and other nonprofitable purposes,... | |
 | United States. Congress. Senate. Library - 1978 - 372 lapas
...related line of commerce, organized to promote and improve business conditions in that line of commerce and not to engage in a regular business of a kind ordinarily carried on for profit, and no part of the net earnings of which inures to the benefit of any member. (b) Prohibition. Nothing... | |
 | United States. Congress. Joint Committee on Taxation - 1979 - 1570 lapas
...granted tax exemption, namely "to promote" the "common business interest" of the association members, and "not to engage in a regular business of a kind ordinarily carried on for profit." This consistency is implemented by restricting the trade show exemption to situations where one of... | |
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... not to engage in a regular business of a kind ordinarily carried on for profit. 1t is an organization of the same general class as a chamber of commerce or board of trade. Thus, its activities should be directed to the improvement of business conditions... 
