§ 511.
Imposition of tax on unrelated business income of charitable, etc., organizations
(c)
Special rule for section 501(c)(2) corporations
If a corporation described in section 501(c)(2)—
(1)
pays any amount of its net income for a taxable year to an organization exempt from taxation under section 501(a) (or which would pay such an amount but for the fact that the expenses of collecting its income exceed its income), and
(2)
such corporation and such organization file a consolidated return for the taxable year,
such corporation shall be treated, for purposes of the tax imposed by subsection (a), as being organized and operated for the same purposes as such organization, in addition to the purposes described in section 501(c)(2).
([Aug. 16, 1954, ch. 736], [68A Stat. 169]; [Pub. L. 86–667, § 3], July 14, 1960, [74 Stat. 535]; [Pub. L. 89–352, § 2], Feb. 2, 1966, [80 Stat. 4]; [Pub. L. 91–172, title I, § 121(a)(1)]–(3), title III, § 301(b)(8), title VIII, § 803(d)(2), Dec. 30, 1969, [83 Stat. 536], 585, 684; [Pub. L. 95–30, title I, § 101(d)(6)], May 23, 1977, [91 Stat. 133]; [Pub. L. 95–600, title III, § 301(b)(5)], title IV, § 421(e)(3), Nov. 6, 1978, [92 Stat. 2821], 2876; [Pub. L. 97–248, title II, § 201(d)(5)], formerly § 201(c)(5), Sept. 3, 1982, [96 Stat. 419], renumbered § 201(d)(5), [Pub. L. 97–448, title III, § 306(a)(1)(A)(i)], Jan. 12, 1983, [96 Stat. 2400]; [Pub. L. 100–647, title I, § 1007(g)(6)], Nov. 10, 1988, [102 Stat. 3435].)