Section 17632 Of Article 1. General Rule From California Revenue And Taxation Code >> Division 2. >> Part 10. >> Chapter 7. >> Article 1.

. An organization exempt from taxation under Section 17631 shall be subject to tax to the extent provided in Article 2 (commencing at Section 17651) of this chapter (relating to tax on unrelated income), but, notwithstanding Article 2, shall be considered an organization exempt from income taxes for the purpose of any law which refers to organizations exempt from income taxes.