36 USC § 40705 - Duty to maintain tax-exempt status

---
identifier: "/us/usc/t36/s40705"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 40705 - Duty to maintain tax-exempt status"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "40705"
section_name: "Duty to maintain tax-exempt status"
chapter_number: 407
chapter_name: "CORPORATION FOR THE PROMOTION OF RIFLE PRACTICE AND FIREARMS SAFETY"
subchapter_number: "I"
subchapter_name: "CORPORATION"
part_number: "B"
part_name: "Organizations"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1336.)"
---


# § 40705. Duty to maintain tax-exempt status

26 U.S.C. 501(a)26 U.S.C. 501(c)(3)

The corporation shall be operated in a manner and for purposes that qualify the corporation for exemption from taxation under section 501(a) of the Internal Revenue Code of 1986 () as an organization described in section 501(c)(3) of that Code ().

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**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1336.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 40705 | 36:5501(b)(2). | Feb. 10, 1996, Pub. L. 104–106, title XVI, § 1611(b)(2), 110 Stat. 516. |