§ 1381 Organizations to which part applies
(a) In general
This part shall apply to—
(1) any organization exempt from tax under section (relating to exemption of farmers’ cooperatives from tax), and
(2) any corporation operating on a cooperative basis other than an organization—
(A) which is exempt from tax under this chapter,
(B) which is subject to the provisions of—
(i) part II of subchapter H (relating to mutual savings banks, etc.), or
(ii) subchapter L (relating to insurance companies), or
(C) which is engaged in furnishing electric energy, or providing telephone service, to persons in rural areas.
(b) Tax on certain farmers’ cooperatives
An organization described in subsection (a)(1) shall be subject to the tax imposed by section .
(c) Cross reference
For treatment of income from load loss transactions of organizations described in subsection (a)(2)(C), see section .
(Added Pub. L. 87–834, § 17(a), Oct. 16, 1962, 76 Stat. 1045; amended Pub. L. 108–357, title III, § 319(d), Oct. 22, 2004, 118 Stat. 1472; Pub. L. 115–97, title I, § 13001(b)(2)(O), Dec. 22, 2017, 131 Stat. 2097.)
Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 1381