Page:United States Statutes at Large Volume 56 Part 1.djvu/70

 Jan. 31, 1942 PUBLIC LAWS-CHS. 32, 33---. 2, 1942 Feb. 2, 1942 Posting of names of county, etc., person- nel. benefit payment or loan on account of such administrative expenses. The names and addresses of the members and employees of any county or local committee, and the amount of such compensation received by each of them, shall be posted annually in a conspicuous place in the area within which they are employed." Approved, January 31, 1942. [CHAPTER 33] February 2, 1942 AN ACT [H. R .S59] To amend the District of Columbia Revenue Act of 1939, and for other purposes. rP"lhlia TaW AK1 T District of Colum- bia Revenue Act of 1939, amendments. 63 Stat. 1088 . D.C.Code§47- 1502 (d). Organizations ex- empt from income tax. 53 Stat. 33, 34. 26U.8.C.I101 (12). (13). Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) section 2 (d) of title II of the District of Columbia Revenue Act of 1939 is amended to read as follows: "(d) The following organizations shall be exempt from taxation under this title: "(1) Labor organizations; "(2) Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system; and (B) providing for the payment of life, sick, accident, or other benefits to the members of such society, order, or asso- ciation, or their dependents; - "(3) Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit; and any corporation chartered solely for burial purposes as a cemetery corporation and not permitted by its charter to engage in any business not necessarily incident to that purpose, no part of the net earnings of which mures to the benefit of any private shareholder or individual; "(4) Corporations, and any community chest, fund, or founda- tion, organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, and no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation; "(5) Business leagues, chambers of commerce, real-estate boards, or boards of trade, not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual; "(6) Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, or local associations of employees, the membership of which is lim- ited to the employees of a designated person or persons in a par- ticular municipality, and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes; "(7) Clubs organized and operated exclusively for pleasure, recreation, and other nonprofitable purposes, no part of the net earnings of which inures to the benefit of any private shareholder; "(8) Farmers' associations organized and operated on a coop- erative basis exempt from income tax under sections 101 (12) and (13) of the Internal Revenue Code; "(9) Banks, insurance companies, building and loan associa- tions, and companies, incorporated or otherwise, which guarantee 42 [56 STAT.

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