Internal Revenue Code:Sec. 107. Rental value of parsonages

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1 Location in Internal Revenue Code
2 Statute
3 Sources
4 References

Location in Internal Revenue Code


     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle A - Income Taxes
       CHAPTER 1 - NORMAL TAXES AND SURTAXES
        Subchapter B - Computation of Taxable Income
         PART III - ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME

Statute

    Sec. 107. Rental value of parsonages
 
      In the case of a minister of the gospel, gross income does not
    include -
        (1) the rental value of a home furnished to him as part of his
      compensation; or
        (2) the rental allowance paid to him as part of his
      compensation, to the extent used by him to rent or provide a
      home.

Sources

    (Aug. 16, 1954, ch. 736, 68A Stat. 32.)

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in sections 265, 1402 of this title;
    title 42 section 411.

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Category: Clergy