# Pub. L. 86-667: changes to the Internal Revenue Code

1960-07-14, 74 Stat. 534. Source: <https://www.govinfo.gov/link/plaw/86/public/667>.

## Legislative history

- Bill: [H.R. 8229](https://www.congress.gov/bill/86th-congress/house-bill/8229)

## § 501: Exemption from tax on corporations, certain trusts, etc.

- § 501(c)(17): Pub. L. 86–667 added par. (17).

## § 503: Requirements for exemption

- § 503(a)(1): Pub. L. 86–667, § 2(a)(1), denied exemption to an organization described in section 501(c)(17) if it has engaged in a prohibited transaction after Dec. 31, 1959.
- § 503(a)(2), § 503(b), § 503(d): Pub. L. 86–667, § 2(a)(2), (b), (c), included organizations described in section 501(c)(17).
- § 503: Pub. L. 86–667, § 2(d), included trusts described in section 501(c)(17).

## § 511: Imposition of tax on unrelated business income of charitable, etc., organizations

- § 511(a)(2): Pub. L. 86–667, § 3(a), included organizations described in section 501(c)(17) within subpar. (A).
- § 511(b): Pub. L. 86–667, § 3(b), inserted a reference to section 501(c)(17).

## § 513: Unrelated trade or business

- § 513(b)(2): Pub. L. 86–667 included trusts described in section 501(c)(17).

## § 514: Unrelated debt-financed income

- § 514(c)(8): Pub. L. 86–667 added par. (8).