§ 2-104 Exemption of Not-for-Profit Organizations.
RCNY § 2-104
Any not-for-profit organization, as defined in the Internal Revenue Code, 26 U.S.C. § 501, which deals in second-hand articles, shall be exempt from the provisions of Subchapter 11 of Chapter 2 of Title 20. Exempt dealers in second-hand articles shall maintain adequate proof of their tax status on their business premises. For purposes of this regulation, an Internal Revenue Service tax status determination letter is deemed adequate proof.
