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IADEMO2004

(5,554 posts)
4. The words
Fri May 17, 2013, 09:57 PM
May 2013
http://www.law.cornell.edu/uscode/text/26/501

Cut:
(4)
(A) Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, or local associations of employees, the membership of which is limited to the employees of a designated person or persons in a particular municipality, and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes.

(B) Subparagraph (A) shall not apply to an entity unless no part of the net earnings of such entity inures to the benefit of any private shareholder or individual.


End:

The ads I watched in 2012 were soooo f'en far from educational.
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