CLARIFICATION OF STATUS OF CERTAIN FISHERMEN’S ORGANIZATIONS.

SEC. 2113. CLARIFICATION OF STATUS OF CERTAIN FISHERMEN’S ORGANIZATIONS. (a) In General.— Section 501 (relating to exemption from tax on corporations, etc.) is amended by redesignating subsection (g) as (h) and by inserting after subsection (f) the following new subsection: “(g) Definition of Agricultural.— For purposes of subsection (c)(5), the term ‘agricultural’ includes the art. or science of cultivating land, harvesting crops or aquatic resources, or raising livestock.” (b) Effective Date.— The amendment made by this section applies to taxable years ending after December 31, 1975.