§ 501(p)(6)(A)

credit or refund of overpayment made

UNDECIDED

0 of 2 settled

  1. 1

    § 501(p)(6)(A)

    ALL OF

    If—

    “the tax exemption of any organization described in paragraph (2) is suspended under paragraph (1),” § 501(p)(6)(A)(i) needs Step 2 an organization described in this paragraph UNDECIDED
    “each designation and identification described in paragraph (2) which has been made with respect to such organization is determined to be erroneous pursuant to the law or Executive order under which such designation or identification was made, and” § 501(p)(6)(A)(ii)
    “the erroneous designations and identifications result in an overpayment of income tax for any taxable year by such organization,” § 501(p)(6)(A)(iii)

    credit or refund (with interest) with respect to such overpayment shall be made.

  2. 2

    § 501(p)(2)

    an organization described in this paragraph

    ANY OF

    An organization is described in this paragraph if such organization is designated or otherwise individually identified—

    “if such organization is designated or otherwise individually identified—” Opening words
    “under section 212(a)(3)(B)(vi)(II) or 219 of the Immigration and Nationality Act as a terrorist organization or foreign terrorist organization,” § 501(p)(2)(A)
    “in or pursuant to an Executive order which is related to terrorism and issued under the authority of the International Emergency Economic Powers Act or section 5 of the United Nations Participation Act of 1945 for the purpose of imposing on such organization an economic or other sanction, or” § 501(p)(2)(B)
    “in or pursuant to an Executive order issued under the authority of any Federal law if— the organization is designated or otherwise individually identified in or pursuant to such Executive order as supporting or engaging in terrorist activity (as defined in section 212(a)(3)(B) of the Immigration and Nationality Act) or supporting terrorism (as defined in section 140(d)(2) of the Foreign Relations Authorization Act, Fiscal Years 1988 and 1989); and such Executive order refers to this subsection.” § 501(p)(2)(C)