Is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit. It is an organization of the same general class as a chamber of commerce or board of trade. Thus, its activities should be directed... Internal Revenue Cumulative Bulletin - Page 440by United States. Internal Revenue Service - 1981Full view - About this book
| 1968 - 292 pages
...having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit. It is an organization of the same general class as a chamber of commerce or board of trade. Thus, its... | |
| 1977 - 534 pages
...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...particular services for individual persons. An organization (7) Clubs organized and operated exclusively for pleasure, recreation, and other nonprofitable purposes,... | |
| 1977 - 528 pages
...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...particular services for individual persons. An organization (7) Clubs organized and operated exclusively for pleasure, recreation, and other nonprofitable purposes,... | |
| United States Commission on Civil Rights - 1977 - 1150 pages
...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... | |
| United States. Congress. Senate. Library - 1978 - 372 pages
...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 pages
...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... | |
| |