[Code of Federal Regulations]
[Title 26, Volume 17]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR53.4952-1]

[Page 208]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 53_FOUNDATION AND SIMILAR EXCISE TAXES--Table of Contents
 
            Subpart J_ Black Lung Benefit Trust Excise Taxes
 
Sec. 53.4952-1  Black lung trusts--taxes on taxable expenditures.

    (a) In general. Section 4952 contains provisions that generally 
correspond to provisions of section 4945 (relating to taxes on taxable 
expenditures by private foundations) and section 4946 (relating to 
definitions and special rules). Regulations and rulings under these 
corresponding provisions apply to section 4952 where appropriate. See 
section 4952(e)(1) for the definition of correction.
    (b) Unauthorized investments. The term ``taxable expenditure'' in 
section 4952(d) includes an investment that is not authorized under 
section 501(c)(21)(B)(ii).
    (c) Effective date. Section 4952 applies with respect to 
expenditures made after December 31, 1977, in and for trust taxable 
years beginning after December 31, 1977.