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FORM 990 | ELECTION UNDER CODE SEC. 168(H)(6)(F)(II) AQUA CLARA, INC. 242 HOWARD AVENUE HOLLAND, MI 49424 84-5120555 ELECTION BY TAX-EXEMPT CONTROLLED ENTITY NOT TO BE TREATED AS A TAX-EXEMPT ENTITY UNDER SECTION 168(H)(6)(F)(II) THIS ELECTION IS BEING MADE FOR AQUA CLARA, INC., WHICH IS 100% OWNED BY AQUA CLARA INTERNATIONAL. A COPY OF THIS ELECTION STATEMENT FILED BY THE TAX-EXEMPT CONTROLLED ENTITY SHALL ALSO BE ATTACHED TO THE FEDERAL TAX RETURNS OF EACH TAX-EXEMPT SHAREHOLDERS OR BENEFICIARIES OF THE CONTROLLED ENTITY. THE TAX-EXEMPT CONTROLLED ENTITY WILL REPORT ANY GAIN RECOGNIZED BY THE TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST (AND ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE TAX EXEMPT CONTROLLED ENTITY) AS UNRELATED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511. TAXPAYER IS A TAX-EXEMPT CONTROLLED ENTITY ENTITLED TO THIS ELECTION. |
FORM 990, PAGE 6, PART VI, LINE 11B | THE DIRECTOR IS PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND APPROVAL PRIOR TO FILING. |
FORM 990, PAGE 6, PART VI, LINE 19 | RECORDS ARE MADE AVAILABLE FOR INSPECTION BY REQUEST FOR AN APPOINTMENT WITH THE DIRECTOR. |
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