California § 18506 - A trust that qualifies under Section 401(a) of the Internal Revenue Code and whic
Full text of California Public Contract Code - PCC § 18506 — A trust that qualifies under Section 401(a) of the Internal Revenue Code and whic, with citation guidance and answers to common questions.
§ 18506. A trust that qualifies under Section 401(a) of the Internal Revenue Code and whic
A trust that qualifies under Section 401(a) of the Internal Revenue Code and which is exempt is not required to file a return unless it changes the character of its organization, the purpose for which it was organized, or its method of operation or unless the trust has unrelated business taxable income. Where an exempt trust has unrelated business taxable income which exceeds one thousand dollars ($1,000) it shall file a return, verified by an executive officer under penalties of perjury in the form prescribed by the Franchise Tax Board on or before the 15th day of the fourth month following the close of the taxable year.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18506
What does Public Contract Code - PCC § 18506 cover?
Section 18506 ("A trust that qualifies under Section 401(a) of the Internal Revenue Code and whic") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 18506?
A common citation format is "Public Contract Code - PCC § 18506" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 18506 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.