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" ... purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are supported solely by membership fees, dues, and assessments.... "
U.S. Department of the Treasury's Proposals to Improve Compliance by Tax ... - Page 9
by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight - 1994 - 62 pages
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The Code of Federal Regulations of the United States of America

Administrative law - 2004 - 652 pages
...exclusively for pleasure, recreation, and other nonprofitable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1972 - 692 pages
...exclusively for pleasure, recreation, and other nonprofltable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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Control of Bank Holding Companies: Hearings Before a Subcommittee of ..., 84 ...

United States. Congress. Senate. Committee on Banking and Currency - 1955 - 684 pages
...operated principally for religious, charitable, scientific, literary, or educational purposes, provided no part of its net earnings inures to the benefit of a private shareholder or individual and no substantial part of its activities consists in carrying on propaganda or attempting to influence...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1961 - 566 pages
...exclusively for pleasure, recreation, and other nonprofltable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - Tax administration and procedure - 1974
...exclusively for pleasure, recreation, and other non-profitable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreational clubs which...
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Reports of the United States Tax Court, Volume 55

United States. Tax Court - Taxation - 1970 - 1228 pages
...exclusively for pleasure, recreation, and other nonprofi table purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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The Code of Federal Regulations of the United States of America

Administrative law - 1971 - 332 pages
...exclusively for pleasure, recreation, and other nonprontable purposes, but does not apply to any club If any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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The Code of Federal Regulations of the United States of America

Administrative law - 1968 - 292 pages
...exclusively for pleasure, recreation, and other nonprofitable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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The Code of Federal Regulations of the United States of America

Administrative law - 1972 - 332 pages
...ex-clusively for pleasure, recreation, and other nonprofltable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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The Code of Federal Regulations of the United States of America

Administrative law - 1967 - 300 pages
...exclusively for pleasure, recreation, and other nonprofitable purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are...
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