§ 61-5a-6

61-5A-6. Election by nonprofit organization to make payments in lieu of contributions--Minimum period of election.Any nonprofit organization which is, or becomes, subject to this title on January 1, 1972 may elect to become liable for payments in lieu of contributions for a period of not less than two taxable years beginning with January 1, 1972 provided it files with the department a written notice of its election within the thirty-day period immediately following such date. Source: SL 1971, ch 276, §52.