Page:United States Statutes at Large Volume 90 Part 2.djvu/262

 90 STAT. 1730

26 USC 513 note. 26 USC 1. 26 USC 501. 26 USC 501 note.

26 USC 501.

PUBLIC LAW 94-455—OCT. 4, 1976 " (1) such services are furnished solely to such hospitals which have facilities to serve not more than 100 i n p a t i e n t s; " (2) such services, if performed on its own behalf by the recipient hospital, would constitute activities in exercising or performing the purpose or function constituting the basis for its exemption; and " (3) such services are provided at a fee or cost which does not exceed the actual cost of providing such services, such cost including straight line depreciation and a reasonable amount for r e t u r n on capital goods used to provide such services," (b) ErrECTivE D A T E. — The amendment made by this section shall a,pply to all taxable years to which the I n t e r n a l Revenue Code of 1954 applies. SEC. 1312. CLINICAL SERVICES OF COOPERATIVE HOSPITALS. (a) IN GENERAL.—Section 501(e)(1)(A) (relating to cooperative hospital service organizations) is amended by inserting "clinical," after "food,". (b) EFFECTIVE D A T E. — The amendment made by this section shall apply to taxable years ending after December 31, 1976. SEC. 1313. EXEMPTION OF CERTAIN AMATEUR ATHLETIC ORGANIZATIONS FROM TAX. (a) IN GENERAL. — Paragraph (3) of section 501(c) (relating to exempt religious, charitable, etc., organizations) is amended by inserting after "or educational purposes," the following: "or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment),". (b) TREATMENT OF G I F T S TO S U C H ORGANIZATIONS FOR INCOME, ESTATE AND G I F T T A X PURPOSES.—

26 USC 170.

26 USC 2055.

26 USC 2522.

26 USC 501 "°^-

26 USC 501 note.

(1) Subparagraph (B) of section 170(c)(2) (relating to definition of charitable contribution) is amended by inserting after "or educational purposes" the following: ", or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment),". (2) Paragraph (2) of section 2055(a) (relating to transfers for public, charitable, and religious uses) is amended by inserting after "the encouragement of a r t " the following: ", or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment),". (3) Paragraph (2) of section 2522(a) (relating to charitable and similar gifts) is amended by inserting after "or educational purposes" the following: ", or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment),". (c) A n organization which (without regard to the amendments made by this section) is an organization described in section 170(c)(2) (B), 501(c)(3), 2055(a)(2), or 2522(a)(2) of the I n t e r n a l Revenue Code of 1954 shall not be treated as an organization not so described as a result of the amendments made by this section. (d) EFFECTIVE D A T E. — The amendments made by this section shall apply on the d a y following the date of the enactment of this Act.

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