Revenue Rulings Archive - 1954 |
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Rev. Rul. 54-73, 1954-1 C.B. 160: Income derived from research by a tax-exempt college, university, hospital, or research organization, is not from an unrelated trade or business; but income derived by any organization to which the unrelated business income tax applies from research for the United States or any of its agencies or for a state or political subdivision is not from an unrelated trade or business. (Note: The principles expressed by this ruling are now largely statutory.)
Rev. Rul. 54-134, 1954-1 C.B. 88: When before incorporating an organization was formed and operated exclusively for charitable purposes, and incorporation merely changed the form of the organization from that of an unincorporated organization to a corporation, an exemption ruling includes the period during which the organization operated in an unincorporated status.
Rev. Rul. 54-282, 1954-2 C.B. 126: A corporation organized by an organization of farm bureaus and governed by farm bureau boards for the purpose of testing soil for farmers and other members of the community, qualifies for exemption as an agricultural organization under a predecessor to Code section 501(c)(5).
Rev. Rul. 54-305, 1954-2 C.B. 127: A corporation organized and operated to operate a purchasing agency for its otherwise unrelated members (exempt charitable organizations), is engaged in business activities that would be unrelated if carried on by any of the organizations served; the organization is not exempt as a charitable organization under the Internal Revenue Code.
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Page Last Reviewed or Updated: January 29, 2009