The Center for Consumer Information & Insurance Oversight

IRS Revenue Procedures Published in the Federal Register For Tax-Exempt 501(c)(29) Qualified Nonprofit Health Insurance Issuers

The Affordable Care Act provides for tax exemption for recipients of CO-OP program loans that meet additional requirements under section 501(c)(29). IRS Notice 2011-23 outlined the requirements for tax exemption under section 501(c)(29) and solicited written comments regarding these requirements as well as the application process. Revenue Procedure 2012-11 - Opens in a new window, issued in conjunction with temporary regulations - Opens in a new window and a notice of notice of proposed rulemaking - Opens in a new window, sets out the procedures for issuing determination letters and rulings on the exempt status of organizations applying for recognition of exemption under 501(c)(29).

February 6, 2012

Page Last Modified:
05/07/2013 01:24 PM