CHAPTER TWENTY-NINE

Tax-Exempt Organizations and Exempt Subsidiaries

§ 29.6 REVENUE FROM TAX-EXEMPT SUBSIDIARY

p. 964, note 128. Delete sentence and substitute:

Congress, in 2006, enacted a special rule whereby certain items of revenue paid from a subsidiary to a controlling tax-exempt organization are not treated as forms of unrelated business income as long as they are reasonable and other criteria are met (see § 30.7(d)).

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