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Capital Absorption Opportunity · Tax-exempt organizations (26 U.S.C. § 501) · 501(c) Organizations

501(c)(11) Organizations

Definition

Teachers' retirement fund associations of a purely local character whose income comes only from public taxation, assessments on members' teaching salaries, and investments; the paragraph has been in the Code since its 1954 enactment.[1]

Federal law

  1. Internal Revenue Code of 1954, Pub. L. 83-591, ch. 736, § 501, 68A Stat. 163. Enacted section 501(c)(11) as part of the Internal Revenue Code of 1954. Official text: govinfo.gov, U.S. Government Publishing Office.