Exemptions From This Part
Cal. RTC § 23703.7
California Statutes
Section 501(
q) of the Internal Revenue Code, relating to special rules for credit counseling organizations, shall apply, except as otherwise provided. (
a) The phrase “Section 23701” shall be substituted for “subsection (a)” in
Section 501(q)(1) of the Internal Revenue Code. (
b) The phrase “described in
Section 23701d or
Section 23701f” shall be substituted for “described in paragraph (3) or (4) of subsection (c)” in
Section 501(q)(1) of the Internal Revenue Code. (
c) The phrase “described in
Section 23701d and exempt from tax under
Section 23701” shall be substituted for “described in subsection (c)(3) and exempt from tax under subsection (a)” in each place that it appears in
Section 501(q)(1)(
E) of the Internal Revenue Code. (
d) The phrase “described in
Section 23701d shall not be exempt from tax under
Section 23701” shall be substituted for “described in paragraph (3) of subsection (
c) shall not be exempt from tax under subsection (a)” in
Section 501(q)(2)(
A) of the Internal Revenue Code. (
e) The phrase “described in
Section 23701d and exempt from tax under
Section on January 1, 2009,” shall be substituted for “described in paragraph (3) of subsection (
c) and exempt from tax under subsection (
a) on the date of the enactment of this subsection” in
Section 501(q)(2)(B)(ii) of the Internal Revenue Code. (
f) The phrase “January 1, 2010,” shall be substituted for “the date of the enactment of this subsection” in
Section 501(q)(2)(B)(ii)(
I) of the Internal Revenue Code. (
g) The phrase “described in
Section 23701f shall not be exempt from tax under
Section 23701” shall be substituted for “described in paragraph (4) of subsection (
c) shall not be exempt from tax under subsection (a)” in