Code Section 170

For purposes of this section the term charitable contribution means a contribution or gift to or for the use of 1 a state a possession of the united states or any political subdivision of any of the.

Code section 170. Internal revenue code 26 usca section 170. California code of civil procedure ccp ca civ pro section 170 6. 109 280 which directed the amendment of section 170 without specifying the act to be amended were executed to this section which is section 170 of the internal revenue code of 1986 to reflect the.

For purposes of section 170 e 3 the rules of section 1 170a 4 apply where not inconsistent with the rules of this section. The amendments made by this section amending this section shall apply in respect of foreign expropriation losses as defined in section 172 k of the internal revenue code of 1986 formerly i r c. For purposes of this paragraph a qualified contribution shall mean a charitable contribution of property described in paragraph 1 or 2 of section 1221 a by a corporation other than a corporation which is an s corporation to an organization which is described in section 501 c 3 and is exempt under section 501 a other than a private.

The 30 percent limitation applies to private foundations code pf other than those previously mentioned that qualify for a 50 percent limitation and to other organizations described in section 170 c that do not qualify for the 50 percent limitation such as domestic fraternal societies code lodge. Internal revenue code section 170 c 2 charitable etc contributions and gifts. A contribution of property qualifies under section 170 e 3 of this section only if it is a charitable contribution.

For rules for postponing the time for deduction of a charitable contribution of a future interest in tangible personal property see section 170 a 3 and 1 170a 5. For rules with respect to transfers in trust and of partial interests in property see section 170 e section 170 f 2 and 3 1 170a 4 1 170a 6. B qualified contributions 1 in general.

Read the code on findlaw. Read the code on findlaw. Section 617 1245 1250 1251 or 1252 would have applied.

Qualifying organizations a charitable contribution is defined in irc 170 c 1 as a contribution or gift to or for the use of a state a possession of the united states or any political subdivision of any of the foregoing or the united states or the district of.