501(c)(21): Black lung benefit trusts

Section 501(c)(21) delivers the exemption for black lung benefit trusts, which are self-insurance applications for coal mine operators. These applications deliver sufficient worker’s compensation coverage for liability that may perhaps be incurred because of this of disability or death as a consequence of black lung ailments (these ailments induced by the inhalation of coal dust).
 

501(c)(22): Employer withdrawal liability payment fundsSection 501(c)(22) will allow an exemption for trusts that happen to be formed to administer withdrawal liability payment funds. These trusts deliver funds to meet the liability that an employer may perhaps incur from withdrawing from a multiemployer
pension fund.
 

501(c)(23): Pre-1880 veterans’ organizationsSection 501(c)(23) delivers an exemption for veterans’ organizations made ahead of 1880. This exemption was established by Congress in 1982. To become eligible for this exemption, an organization has to have already been formed ahead of 1880, and extra than 75 percent of its members has to be present or past members on the Armed Forces. The organization will need to also deliver insurance coverage or other positive aspects to such veterans or their dependents. An instance of a 501(c)(23) organization is definitely the Navy Mutual Help Association.