STATE
OF CALIFORNIA
FRANCHISE
TAX BOARD
PO BOX
1286 In reply refer to
RANCHO
CORDOVA CA 95741-1286 755:G :EU
March
8, 2002
HOUSE
OF HUNGARY INC
2159
PAN AMERICAN PLZ
SAN
DIEGO, CA 92101-1683
Purpose
: Social Welfare
Code
Section : 23701f
Form
of Organization: Corporation
Accounting
Period Ending: December 31
Organization Number:
2052259
You are exempt from
state franchise or income tax under the section of the Revenue and Taxation
Code indicated above.
This decision is based
on information you submitted and assumes that your present operations continue
unchanged or conform to those proposed in your application. Any change in
operation, character, or purpose of the organization must be reported
immediately to this office so that we may determine the effect on your exempt
status. Any change of name or address must also be reported.
In the event of a
change in relevant statutory, administrative, judicial case law, a change in
federal interpretation of federal law in cases where our opinion is based upon
such an interpretation, or a change in the material facts or circumstances
relating to your application upon which this opinion is based, this opinion may
no longer be applicable. It is your responsibility to be aware of these changes
should they occur. This paragraph constitutes written advice, other than a
chief counsel ruling, within the meaning of Revenue and Taxation Code Section 21012(a)(2)
You may be required to
file Form 199 (Exempt 0rganization Annual Information Return) on or before the
l5th day of the 5th month (4 1/2 months) after the close of your accounting
period. Please see annual instructions with forms for requirements.
You are not required
to file state franchise or income tax returns unless you have income subject to
the unrelated business income tax under Section 23731 of the Code. In this
event, you are required to file Form 109 (Exempt Organization Business Income
Tax Return) by the l5th day of the 5th month (4 1/2 months) after the close of
your annual accounting period.
Please note that an
exemption from federal income or other taxes and other state taxes requires
separate applications.
A copy of this letter has been sent to the
Registry of Charitable Trusts.
E ULCH
EXEMPT ORGANIZATIONS
BUSINESS
ENTITIES SECTION
TELEPHONE (916) 845-4173