(a) Charitable and other organizations with other purposes, taxable at corporation rates.—(1) Imposition of tax.— There shall be imposed, for each taxable year, on the unrelated business net income (as defined in § 30482 of this title) of every organization described in clause (2) a normal tax of twenty percent (20%) of said amount, and a surtax (computed at the rates and as provided in § 30072 of this title) or an alternative minimum tax (computed at the rates and as provided in § 30073 of this title) on the unrelated business net income in excess of the credits provided in §§ 30072(d) or 30139 of this title. In computing the surtax or the minimum tax for purposes of this clause, the term 'net income subject to surtax' or 'alternative minimum net income' as used in § 30072 or 30073 of this title shall be read as 'unrelated business net income'.(2) Organizations subject to tax.— The tax imposed by clause (1) shall apply in the case of any organization (other than a trust as described in subsection (b) of this section) which is exempt, except as provided in this subchapter, from taxation under this part by reason of § 30471(a) of this title (except for clauses (1), (3), and (7) of

in subsection (b) of this section) which is exempt, except as provided in this subchapter, from taxation under this part by reason of § 30471(a) of this title (except for clauses (1), (3), and (7) of said subsection); § 30391(a) of this title; or § 30392(e) of this title. Said tax shall also apply in the case of a corporation described in § 30471(a)(9)(A) of this title if the income is payable to an organization which in itself is subject to the taxes imposed by clause (1) of this subsection or to a church or a convention or association of churches.(b) Tax on charitable and other trusts.—(1) Imposition of tax.— There is hereby imposed, for each taxable year, on the unrelated net business income of every trust described in clause (2) a tax computed as provided in § 30061 of this title. When making such computation for purposes of this section, the term 'each individual’s net income in excess of the credits against net income provided in § 30138 of this title', as used in § 30061 of this title, shall be read as 'unrelated net business income'.(2) Charitable and other trusts subject to tax.— The tax imposed by clause (1) of this subsection shall apply in the case of any trust which

is title, shall be read as 'unrelated net business income'.(2) Charitable and other trusts subject to tax.— The tax imposed by clause (1) of this subsection shall apply in the case of any trust which is exempt, except as provided in this subchapter, from taxation under this part by reason of §§ 30471(a)(2)(A), 30471(a)(4)(D), 30391(a) or 30392(a) of this title, and which, if it were not for such exemption, would be subject to the tax imposed by §§ 30391 et seq. of this title related to estates and trusts. History —Jan. 31, 2011, No. 1, § 1102.01, retroactive to Jan. 1, 2011; Dec. 10, 2011, No. 232, § 112.