Small Block

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

501(c)(23) Organizations

Definition

Associations organized before 1880 more than 75 percent of whose members are present or past members of the Armed Forces, with a principal purpose of providing insurance and other benefits to veterans or their dependents.[1] The Tax Equity and Fiscal Responsibility Act of 1982 added the paragraph with a 25-percent threshold[1], and the Technical Corrections Act of 1982 raised it to 75 percent.[2]

Federal law

  1. Tax Equity and Fiscal Responsibility Act of 1982, Pub. L. 97-248, § 354, 96 Stat. 640. Added section 501(c)(23) (§ 354(b)). Official text: govinfo.gov, U.S. Government Publishing Office.
  2. Technical Corrections Act of 1982, Pub. L. 97-448, § 306(b)(5), 96 Stat. 2406. Changed "25 percent" to "75 percent" in section 501(c)(23) (§ 306(b)(5)). Official text: govinfo.gov, U.S. Government Publishing Office.