D. Tax Status

Tax Status

Not withstanding any other provision of the Conference Carolinas Constitution or bylaws, the Conference will not carry on any other activities not permitted to be carried on by (a) an organization exempt from federal income tax under section 501(C) (3) of the Internal Revenue Code of 1954 or the corresponding provision of any future United States Internal Revenue Law or (B) an organization to which contributions are deductible under section 170(C) (2) of the Internal Revenue Code of 1954 or any other corresponding provision of any future United States Internal Revenue Law.