Section 27 Classic Exempt Organization

• Library: Tax Law 2009

Exemption from federal income tax for organizations described in I.R.C. §§ 401(a) and 501 is provided for in § 501. Under §§ 143.321 and 143.441.2, RSMo 2000, any organization qualifying for exemption under § 501(c) or 401(a) will automatically be exempt from Missouri income tax.

Evidence of a federal determination of exempt status under § 501(a) should resolve conclusively any question of exemption under the Missouri statute. The exemption can be established most easily
by production of evidence of a...