§ 43-1212 – Denial of exempt status due to prohibited transactions; restoration of exempt status

43-1212. Denial of exempt status due to prohibited transactions; restoration of exempt status A. An organization that is denied exemption from federal income tax for engaging in prohibited transactions as provided by section 503 of the internal revenue code is also denied exemption under section 43-1201. The denial applies to taxable years after the taxable […]