IRC 501(c)(6) Organizations


By John Francis Reilly, Carter C. Hull, and Barbara A. Braig Allen

Overview

Purpose This article discusses issues relating to the tax-exempt status under IRC 501(c)(6) of business leagues, chambers of commerce, boards of trade, and similar organizations. As of March 31, 2002, there were 71,032 organizations recognized as tax-exempt under IRC 501(c)(6).

The Statute

IRC 501(c)(6) provides for exemption of business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues (whether or not administering a pension fund for football players), which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual.

Click to view or download the full document (895KB .pdf file) ... IRC_501-c-6_organisations.pdf


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