Oregon State University Alumni Association, Inc. - Page 26

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          C.   Conclusion                                                             
               For the foregoing reasons, we hold that petitioner’s income            
          from the affinity credit card program is a royalty for purposes             
          of section 511.                                                             
               To reflect the foregoing,                                              

          Decision will be                                                            
          entered under Rule 155.                                                     

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