43-1216. Application for reinstatement of tax
exempt status
Any organization denied exemption under section 43-1201, paragraph 4 by reason of
the provisions of prohibited transactions with respect to any taxable year following the
taxable year in which notice of denial of exemption was received may, under regulations
prescribed by the department, file claim for exemption. If the department pursuant to
such regulations is satisfied that such organization will not knowingly again engage in a
prohibited transaction, such organization shall be exempt with respect to taxable years
subsequent to the year in which such claim is filed.
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