In determining whether an organization is exempt from registration under AS 45.68.120(a)(3), the organization may exclude the following:

1. (1) receipts from membership dues if the organization restricts membership to persons engaged in particular vocation or trade; and
2. (2) money received in the form of a grant from an agency of a municipal, state or federal government.

(Eff. 3/19/94, Register 129)

Authority: AS 45.68.120, AS 45.68.130