California Revenue and Taxation Code

§ 23708

RTC § 23708 Effective Jul 28, 1983Div. 2 · Part 11 · Ch. 4 · Art. 1

Statute text

(a)For the purposes of this part, unless otherwise indicated in context, the term “an organization exempt from tax” shall mean an organization which has satisfied the provisions of Section 23701.

(b)Except as provided in subdivision (c), any organization (including an organization in existence on December 31, 1970) which is described in Section 23701d and which does not notify the Franchise Tax Board at such time and such manner as the Franchise Tax Board may prescribe, that it is not a private foundation shall be presumed to be a private foundation. The time prescribed for giving notice under this subdivision shall not expire before the 90th day after the day on which the regulations first prescribed under this subdivision become final.

(c)Subdivision (b) shall not apply to—

…

Legislative history

Amended by Stats. 1983, Ch. 488, Sec. 95. Effective July 28, 1983.