tax-exempt beneficiary
Defined in 1 place of the United States Code.
For purposes of paragraph (1), the term “tax-exempt beneficiary” means—
(A) the United States, any State or political subdivision thereof, any possession of the United States, any Indian tribal government (within the meaning of section 7871), or any agency or instrumentality of any of the foregoing,
(B) an organization (other than a cooperative described in section 521) which is exempt from tax imposed by chapter 1,
(C) any foreign person or entity (within the meaning of section 168(h)(2)), and
(D) to the extent provided in regulations, any person to whom property is transferred for the principal purpose of tax avoidance.
The Secretary shall prescribe such regulations as may be necessary to carry out the purposes of this section.
Source
- 2001–present26 U.S.C. § 1022Internal Revenue Code · Treatment of property acquired from a decedent dying after December 31, 2009 · for purposes of this section