Section 23736.2 Of Article 2. Taxation Of Business Income Of Certain Article 1 Organizations From California Revenue And Taxation Code >> Division 2. >> Part 11. >> Chapter 4. >> Article 2.

. An organization described in Section 23701d which is subject to the provisions of this article, except those specified in Sections 23736, shall not be exempt from taxation under Article 1 of this chapter if it has engaged in a prohibited transaction after January 1, 1951; and an organization described in Section 23701n which is subject to the provisions of this article shall not be exempt from taxation under Article 1 of this chapter if it has engaged in a prohibited transaction after December 31, 1960.