California Revenue and Taxation Code

§ 6360

RTC § 6360Div. 2 · Part 1 · Ch. 4 · Art. 1

Statute text

Any organization formed and operated for charitable purposes and qualifying for the welfare exemption from property taxation under Section 214 is a consumer of, and shall not be considered a retailer within the provisions of this part with respect to bracelets designed to commemorate American prisoners of war, which it distributes, whether or not a contribution is made to such organization, where the profits are used solely and exclusively in furtherance of the purposes of such organization.

Legislative history

Added by Stats. 1972, Ch. 1176.