Pub. L. 100-647: Nov. 10, 1988

Bill H.R. 4333

§ 1 Tax imposed

(g)(2) Pub. L. 100–647, § 1001(a)(3), inserted provision relating to application of subpar. (B) at end of last sentence.
(i)(3)(A) Pub. L. 100–647, § 1014(e)(2), substituted “any exclusion, deduction, or credit” for “any deduction or credit”.
(i)(3)(C) Pub. L. 100–647, § 1014(e)(7), added subpar. (C) relating to special rule where parent has different taxable year.
(i)(3)(C) Pub. L. 100–647, § 1014(e)(1), added subpar. (C) relating to coordination with section 644.
(i)(4) Pub. L. 100–647, § 1014(e)(3)(A), substituted “adjusted gross income” for “gross income” and inserted “attributable to”…
(i)(4) Pub. L. 100–647, § 1014(e)(3)(B)–(D), substituted “his deductions” for “his deduction”, “the itemized deductions…
(i) Pub. L. 100–647, § 1014(e)(6), substituted “custodial parent (within the meaning of section 152(e))” for “custodial…
(i) Pub. L. 100–647, § 6006(a), added par. (7).

§ 2 Definitions and special rules

(d) Pub. L. 100–647 substituted “the taxes imposed by sections 1 and 55” for “the tax imposed by section 1”.

§ 11 Tax imposed

(d) Pub. L. 100–647 substituted “the taxes imposed by subsection (a) and section 55” for “the tax imposed by subsection…

§ 15 Effect of changes

(e) Pub. L. 100–647 added subsec. (e).

§ 25 Interest on certain home mortgages

(c)(2)(A)(ii) Pub. L. 100–647, § 1013(a)(25), amended Pub. L. 99–514, § 1301(f)(2)(C)(ii), see 1986 Amendment note below.
(h) Pub. L. 100–647, § 4005(a)(2), substituted “1989” for “1988”.
(h) Pub. L. 100–647, § 1013(a)(26), substituted “1988” for “1987”.
§ 25 Pub. L. 100–647, § 4005(g)(7), added subsec. (j).

§ 26 Limitation based on tax liability; definition of tax liability

(b)(2)(C) Pub. L. 100–647, § 1011A(c)(10)(A), struck out “, (o)(2),” after “subsection (m)(5)(B)”.
(b)(2)(C) Pub. L. 100–647, § 5012(b)(2), substituted “(q), or (v)” for “or (q)”.
(b)(2)(D) Pub. L. 100–647, § 1011A(c)(10)(B), substituted “72(t) (relating to 10-percent additional tax on early distributions…
(b)(2)(K) Pub. L. 100–647, § 1007(g)(1), substituted “corporations).” for “corporations,”.
(b)(2)(L) Pub. L. 100–647, § 1012(q)(8), added subpar. (L) relating to branch profits tax.
(b)(2)(L) Pub. L. 100–647, § 1006(t)(16)(C), added subpar. (L) relating to taxes with respect to certain residual interests.
(b)(2)(M) Pub. L. 100–647, § 4005(g)(4), added subpar. (M).

§ 32 Earned income

(h) Pub. L. 100–647, § 1007(g)(12), struck out “for taxpayers other than corporations” after “alternative minimum tax”.
(i) Pub. L. 100–647, § 1001(c), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “If any increase…

§ 34 Certain uses of gasoline and special fuels

(b) Pub. L. 100–647 substituted “section 6421(j) or 6427(k)” for “section 6421(i) or 6427(j)”.

§ 38 General business credit

(c) Pub. L. 100–647, § 1007(g)(2), amended pars. (1) to (3) generally, substituting pars. (1) and (2) for former pars. (1)…
(c) Pub. L. 100–647, § 1007(g)(8), made technical correction to directory language of Pub. L. 99–514, § 701(c)(4), see 1986…
(d) Pub. L. 100–647, § 1002(e)(8)(A), substituted “Ordering rules” for “Special rules for certain regulated companies” in…

§ 39 Carryback and carryforward of unused credits

(d) Pub. L. 100–647 added par. (4).

§ 41 Credit for increasing research activities

(g) Pub. L. 100–647, § 1002(h)(1), inserted at end “If the amount determined under subsection (a) for any taxable year…
(h) Pub. L. 100–647, § 4008(b)(1), added subsec. (h). Former subsec. (h) redesignated (i).
§ 41 Pub. L. 100–647, § 4008(b)(1), redesignated former subsec. (h) as (i).
§ 41 Pub. L. 100–647, § 4007(a), substituted “1989” and “1990” for “1988” and “1989”, respectively, wherever appearing in…

§ 42 Low-income housing credit

(b)(2)(A) Pub. L. 100–647, § 1002(l)(1)(A), substituted “for the earlier of—” for “for the month in which such building is placed…
(b)(2) Pub. L. 100–647, § 1002(l)(1)(B), substituted “the month applicable under clause (i) or (ii) of subparagraph (A)” for…
(b)(3) Pub. L. 100–647, § 1002(l)(9)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “For…
(c)(2)(A) Pub. L. 100–647, § 1002(l)(2)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows…
(d)(2)(D)(ii) Pub. L. 100–647, § 1002(l)(3), substituted “Special rules for certain transfers” for “Special rule for nontaxable…
(d)(3) Pub. L. 100–647, § 1002(l)(4), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The eligible…
(d)(5)(A) Pub. L. 100–647, § 1002(l)(6)(B), substituted “subparagraphs (B) and (C)” for “subparagraph (B)”.
(d)(5)(A) Pub. L. 100–647, § 1002(l)(5), inserted “(increased, in the case of an existing building which meets the requirements…
(d)(5) Pub. L. 100–647, § 1002(l)(6)(A), added subpar. (C).
(d)(6)(A) Pub. L. 100–647, § 1002(l)(7), struck out cl. (iii) which related to other circumstances of financial distress.
(d)(6)(B) Pub. L. 100–647, § 1002(l)(8), struck out “of 1934” after “Act”.
(f)(1) Pub. L. 100–647, § 1002(l)(2)(B), substituted “beginning with—” for “beginning with” and subpars. (A) and (B) and…
(f)(3) Pub. L. 100–647, § 1002(l)(9)(A), amended par. (3) generally. Prior to amendment, par. (3) “Special rule where increase…
(g)(2)(B)(i) Pub. L. 100–647, § 1002(l)(10), struck out “Federal” after “comparable”.
(g)(2)(C) Pub. L. 100–647, § 1002(l)(11), added subpar. (C).
(g)(3) Pub. L. 100–647, § 1002(l)(12), amended par. (3) generally, substituting subpars. (A) to (C) for former subpars. (A)…
(g)(4) Pub. L. 100–647, § 1002(l)(13), inserted “; except that, in applying such provisions (other than section…
(g)(6) Pub. L. 100–647, § 1002(l)(32), added par. (6).
(h)(1) Pub. L. 100–647, § 1002(l)(14)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “No credit…
(h)(1)(B) Pub. L. 100–647, § 4003(b)(1), substituted “(C), (D), or (E)” for “(C) or (D)”.
(h)(1)(E) Pub. L. 100–647, § 4003(a), added subpar. (E).
(h)(4)(A) Pub. L. 100–647, § 1002(l)(15), substituted “if—” for “and which is taken into account under section 146” and added…
(h)(5)(D) (h)(5)(E) Pub. L. 100–647, § 1002(l)(16), added subpar. (D) and redesignated former subpar. (D) as (E).
(h)(6)(B)(ii) Pub. L. 100–647, § 1002(l)(14)(B), struck out cl. (ii) which read as follows:
(h)(6)(D) Pub. L. 100–647, § 1002(l)(17), amended subpar. (D) generally. Prior to amendment, subpar. (D) “Credit allowable…
(h)(6)(E) Pub. L. 100–647, § 1002(l)(18), added subpar. (E).
(i)(2)(A) Pub. L. 100–647, § 1002(l)(19)(A), inserted “or any prior taxable year” after “such taxable year” and substituted “is…
(i)(2)(B) Pub. L. 100–647, § 1002(l)(19)(B), substituted “balance of loan or proceeds of obligations” for “outstanding balance of…
(i)(2)(C) Pub. L. 100–647, § 1002(l)(19)(C), added subpar. (C). Former subpar. (C) redesignated (D).
(i)(2) Pub. L. 100–647, § 1002(l)(19)(C), (D), redesignated former subpar. (C) as (D) and substituted “this paragraph” for…
(j)(4)(D) Pub. L. 100–647, § 1007(g)(3)(B), substituted “D, or G” for “or D”.
(j)(4)(F) Pub. L. 100–647, § 1002(l)(20), added subpar. (F).
(j)(5)(B) Pub. L. 100–647, § 4004(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “This…
(j)(5)(B) Pub. L. 100–647, § 1002(l)(21), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “which has 35…
(j)(6) Pub. L. 100–647, § 1002(l)(22), inserted “(or interest therein)” after “disposition of building” in heading, and in…
(k)(2)(B) Pub. L. 100–647, § 1002(l)(23), inserted before period at end “, except that this subparagraph shall not apply in the…
(l) Pub. L. 100–647, § 1002(l)(24)(B), substituted “Certifications and other reports to Secretary” for “Certifications to…
(l)(2) (l)(3) Pub. L. 100–647, § 1002(l)(24)(A), added par. (2) and redesignated former par. (2) as (3).
(n) Pub. L. 100–647, § 4003(b)(3), amended subsec. (n) generally, substituting a single par. for former pars. (1) and (2).
(n)(1) Pub. L. 100–647, § 1002(l)(25), inserted “, and, except for any building described in paragraph (2)(B), subsection…

§ 45C Clinical testing expenses for certain drugs for rare diseases or conditions

(b)(1) Pub. L. 100–647, § 4008(c)(1), substituted “1989” for “1988”.
(b)(2)(A)(ii)(II) Pub. L. 100–647, § 1018(q)(1), amended subcl. (II) generally. Prior to amendment, subcl. (II) read as follows: “before…

§ 45K Credit for producing fuel from a nonconventional source

(f)(1)(A) Pub. L. 100–647 substituted “1991” for “1990”.

§ 46 Amount of credit

§ 46 Pub. L. 100–647, § 4006, as amended by Pub. L. 101–239, § 7814(d), substituted “1989” for “1988” in table items (viii)…
§ 46 Pub. L. 100–647, § 1013(a)(44), substituted “private activity bonds” for “industrial development bonds” in heading, and…
§ 46 Pub. L. 100–647, § 1002(a)(17), substituted “property to which section 168 applies” for “recovery property” in heading…
§ 46 Pub. L. 100–647, § 1002(a)(25)(A), substituted “property to which section 168 applies” for “recovery property (within…
§ 46 Pub. L. 100–647, § 1002(a)(25)(B), substituted “to which section 168 does not apply” for “which is not recovery…
§ 46 Pub. L. 100–647, § 1002(a)(15), substituted “property to which section 168 applies” for “recovery property (within the…
§ 46 Pub. L. 100–647, § 1002(a)(4)(A), substituted “168(i)(3)” for “168(j)(6)”.
§ 46 Pub. L. 100–647, § 1009(a)(1), inserted provisions at end which provided that any such election shall terminate…
§ 46 Pub. L. 100–647, § 1002(a)(4)(B), substituted “paragraphs (5) and (6) of section 168(h)” for “paragraphs (8) and (9) of…
§ 46 Pub. L. 100–647, § 1002(a)(4)(C), (D), substituted “168(h)” for “168(j)” and “168(h)(2)” for “168(j)(4)”.

§ 47 Rehabilitation credit

(a) Pub. L. 100–647, § 1002(a)(26)(B), struck out at end “If, prior to a disposition to which this subsection applies, any…
(a) Pub. L. 100–647, § 1002(a)(26)(C), substituted “168(e)” for “168(c)”.
(a) Pub. L. 100–647, § 1002(a)(26)(A), added cl. (v).
(a) Pub. L. 100–647, § 1002(a)(27), substituted “section 168(h)(2)” for “section 168(j)(4)(C)”.
(c) Pub. L. 100–647, § 1007(g)(3)(A), substituted “D, or G” for “or D”.
(d)(1) Pub. L. 100–647, § 1002(a)(18), substituted “section 46(c)(8)(C)” for “section 48(c)(8)(C)”.
(d)(3)(C)(i) Pub. L. 100–647, § 1002(a)(28), substituted “class life (as defined in section 168(i)(1))” for “present class life (as…

§ 48 Energy credit

(a)(1) Pub. L. 100–647, § 1002(a)(29), which directed amendment of par. (1) by substituting “property to which section 168…
(a)(5)(A)(ii) Pub. L. 100–647, § 1002(a)(14)(A)–(C), substituted “168(h)(2)(C)” for “168(j)(4)(C)”, “168(h)(2)(A)(iii)” for…
(a)(5)(B) Pub. L. 100–647, § 1002(a)(14)(D), substituted “168(i)(3)” for “168(j)(6)”.
(a)(5)(B) Pub. L. 100–647, § 1002(a)(14)(E), substituted “168(h)(1)(C)(ii)” for “168(j)(3)(C)(ii)”.
(a)(5)(D) Pub. L. 100–647, § 1002(a)(14)(F), substituted “paragraphs (5) and (6) of section 168(h)” for “paragraphs (8) and (9)…
(a)(5)(E) Pub. L. 100–647, § 1002(a)(14)(G), amended subpar. (E) generally, substituting “provision” for “provisions” and…
§ 48 Pub. L. 100–647, § 1002(a)(30), substituted “to which section 168 applies” for “which is recovery property (within the…
§ 48 Pub. L. 100–647, § 1013(a)(41), substituted “a private activity bond (within the meaning of section 141)” for “an…
§ 48 Pub. L. 100–647, § 1002(a)(20), redesignated subsec. (s), relating to cross reference, as (t).
§ 48 Pub. L. 100–647, § 1002(a)(16)(A), added par. (9).
§ 48 Pub. L. 100–647, § 1002(a)(20), redesignated subsec. (s), relating to cross reference, as (t).

§ 49 At-risk rules

§ 49 Pub. L. 100–647, § 1002(e)(2), substituted “years” for “year” in heading and amended text generally. Prior to…
§ 49 Pub. L. 100–647, § 1002(e)(3), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “The term…
§ 49 Pub. L. 100–647, § 1002(e)(8)(B), struck out subpar. (C) which related to portion of credits attributable to regular…
§ 49 Pub. L. 100–647, § 1002(e)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “In the case…

§ 51 Amount of credit

(c)(4) Pub. L. 100–647, § 4010(a), substituted “1989” for “1988”.
(d)(3)(B) Pub. L. 100–647, § 4010(c)(1), substituted “age 23” for “age 25”.
(d)(12) Pub. L. 100–647, § 4010(d)(1), redesignated former cls. (ii) and (iii) as (i) and (ii), respectively, and struck out…
(d)(12) Pub. L. 100–647, § 1017(a), substituted “subsection (a)” for “subsection (a)(1)” in cl. (i).

§ 53 Credit for prior year minimum tax liability

(d)(1)(B)(ii) Pub. L. 100–647, § 1007(g)(4), substituted “current earnings” for “earnings and profits” in last sentence.
(d)(1)(B)(iii) Pub. L. 100–647, § 6304(a), added cl. (iii).

§ 55 Alternative minimum tax imposed

(b)(2) Pub. L. 100–647, § 1007(a)(2), inserted at end “If a taxpayer is subject to the regular tax, such taxpayer shall be…
(c)(1) Pub. L. 100–647, § 1007(a)(1), inserted “and the section 936 credit allowable under section 27(b)” before period at end…
(c)(1) Pub. L. 100–647, § 1002(l)(27), substituted “subsection (j) or (k) of section 42” for “section 42(j)”.
(d)(3) Pub. L. 100–647, § 1007(a)(3), inserted at end “In the case of a taxpayer described in paragraph (1)(C)(i), alternative…

§ 56 Adjustments in computing alternative minimum taxable income

(a)(1)(A)(i) Pub. L. 100–647, § 1007(b)(15), substituted “personal” for “real” in heading.
(a)(1)(C)(i) Pub. L. 100–647, § 1002(a)(12), inserted “by reason of section 203, 204, or 251(d) of such Act” after “do not apply”.
(a)(3) Pub. L. 100–647, § 5041(b)(4), as amended by Pub. L. 101–239, § 7815(e)(2)(A), inserted at end “The preceding sentence…
(a)(3) Pub. L. 100–647, § 1007(b)(1), inserted at end “For purposes of the preceding sentence, in the case of a contract…
(a) Pub. L. 100–647, § 1007(b)(19), added par. (8).
(b)(1) Pub. L. 100–647, § 1007(b)(16), struck out “itemized” after “Limitation on” in heading.
(b)(1)(C) Pub. L. 100–647, § 2004(b)(2), substituted “163(h)(5)” for “163(h)(6)”.
(b)(1)(C) Pub. L. 100–647, § 1007(b)(4), substituted “specified private activity bond” for “specified activity bond” before…
(b)(1)(C) Pub. L. 100–647, § 1007(b)(3), added cls. (iv) and (v).
(b)(1)(E) Pub. L. 100–647, § 1007(b)(2), substituted “and deduction for personal exemptions not allowed” for “not allowed” in…
(b)(3) Pub. L. 100–647, § 1007(b)(14)(A), added par. (3).
(c) Pub. L. 100–647, § 1007(b)(13)(A), substituted “adjusted current earnings” for “adjusted earnings and profits” in…
(c) Pub. L. 100–647, § 1007(b)(13)(B), substituted “Adjusted current earnings” for “Adjusted earnings and profits” in…
(d)(2)(A) Pub. L. 100–647, § 1007(b)(5), struck out “(other than subsection (a)(6) thereof)” after “for such year” in cl. (ii)…
(e)(1) Pub. L. 100–647, § 2004(b)(3)(A), substituted “improving” for “rehabilitating” in introductory text.
(e)(1) Pub. L. 100–647, § 1007(b)(6)(A)(i), inserted “qualified residence interest (as defined in section 163(h)(3)) and is”…
(e)(1)(A) Pub. L. 100–647, § 2004(b)(3)(B), struck out “or is paid” after “accrues”.
(e)(1)(B) Pub. L. 100–647, § 1007(b)(6)(A)(ii), substituted “section 163(h)(4)” for “section 163(h)(3)”.
(e)(3) Pub. L. 100–647, § 1007(b)(6)(B), substituted “interest which is qualified residence interest (as defined in section…
§ 56 Pub. L. 100–647, § 2001(c)(3)(A), inserted at end “No adjustment shall be made under this subparagraph for the tax…
§ 56 Pub. L. 100–647, § 1007(b)(7), inserted “(otherwise eligible for the credit provided by section 901 without regard to…
§ 56 Pub. L. 100–647, § 1007(b)(11)(A), substituted “Treatment of taxes on dividends from 936 corporations” for “Treatment…
§ 56 Pub. L. 100–647, § 6303(a), added subpar. (I) and redesignated former subpar. (I) as (J).
§ 56 Pub. L. 100–647, § 1007(b)(8), inserted “for a substantial nontax purpose” after “an income statement”.
§ 56 Pub. L. 100–647, § 1007(b)(9), substituted “this subsection” for “paragraph (3)(A)” in penultimate sentence.
§ 56 Pub. L. 100–647, § 1007(b)(10), inserted at end “If the taxpayer has 2 or more statements described in the clause (or…
§ 56 Pub. L. 100–647, § 1007(b)(17), added cls. (vi) and (vii).
§ 56 Pub. L. 100–647, § 6079(a)(1), amended last sentence generally, inserting “which is” after “any annuity contract” and…
§ 56 Pub. L. 100–647, § 1007(b)(12), inserted at end “The preceding sentence shall not apply to any annuity contract held…
§ 56 Pub. L. 100–647, § 1007(b)(11)(B), substituted “clause (i)” for “clause (ii)(I)”.
§ 56 Pub. L. 100–647, § 1007(b)(18), added subpar. (I).

§ 57 Items of tax preference

(a)(3) Pub. L. 100–647, § 1007(b)(14)(B), struck out par. (3) which related to incentive stock options.
(a)(5)(C)(i) Pub. L. 100–647, § 1007(c)(2), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “For purposes of…
(a)(5)(C)(iii) Pub. L. 100–647, § 1007(c)(1), inserted “(whether a current or advance refunding)” after “any refunding bond”.
(a)(6) Pub. L. 100–647, § 1007(c)(3), inserted “or 642(c)” after “section 170”.

§ 58 Denial of certain losses

(a)(2) Pub. L. 100–647, § 1007(d)(1), struck out “(as modified by section 461(i)(4)(A))” after “section 464(c)” in subpar. (A)…
(a)(3) Pub. L. 100–647, § 1007(d)(2), substituted “469(j)(2)” for “469(g)(1)(C)”.
(a) Pub. L. 100–647, § 1007(d)(3), added par. (4).
(b) Pub. L. 100–647, § 1007(d)(4), added pars. (1) to (3) and struck out former pars. (1) to (3) which read as follows:

§ 59 Other definitions and special rules

(a)(1) Pub. L. 100–647, § 1007(e)(3), added subpar. (D).
(e)(2) Pub. L. 100–647, § 1007(e)(1), inserted “(determined without regard to section 291)” after “as a deduction”.
(h) Pub. L. 100–647, § 1007(e)(2), substituted “taxable year with the adjustments of sections 56, 57, and 58” for “taxable…
(i) Pub. L. 100–647, § 1007(e)(4), inserted “(other than this part)” after “of this subtitle” and substituted “subtitle”…
(j) Pub. L. 100–647, § 1014(e)(5)(A), added subsec. (j).

§ 62 Adjusted gross income defined

(a)(2)(A) Pub. L. 100–647, § 1001(b)(3)(A), inserted at end “The fact that the reimbursement may be provided by a third party…
(a)(13) Pub. L. 100–647, § 6007(b), added par. (13).

§ 63 Taxable income defined

(c)(5) Pub. L. 100–647 substituted “basic standard deduction” for “standard deduction” in heading and text.

§ 67 2-percent floor on miscellaneous itemized deductions

(b)(4) Pub. L. 100–647, § 1001(f)(2), substituted “deductions” for “deduction” and inserted before comma at end “and section…
(c) Pub. L. 100–647, § 4011(a), amended subsec. (c) generally. Prior to amendment subsec. (c) read as follows: “The…
(c) Pub. L. 100–647, § 1001(f)(4), amended last sentence generally. Prior to amendment, last sentence read as follows: “The…
(e) Pub. L. 100–647, § 1001(f)(3), amended subsec. (e) generally. Prior to amendment, subsec. (e) read as follows: “For…
(f) Pub. L. 100–647, § 1001(f)(1), added subsec. (f).

§ 72 Annuities; certain proceeds of endowment and life insurance contracts

(d) Pub. L. 100–647, § 1011A(b)(2)(A), added subsec. (d).
(e)(4)(A) Pub. L. 100–647, § 5012(d)(1), inserted at end “The preceding sentence shall not apply for purposes of determining…
(e)(5)(C) Pub. L. 100–647, § 5012(a)(2), substituted “Except as provided in paragraph (10) and except to the extent” for “Except…
(e)(5)(D) Pub. L. 100–647, § 1011A(b)(9)(B), substituted “paragraph (8)” for “paragraphs (7) and (8)”.
(e)(7) Pub. L. 100–647, § 1011A(b)(9)(A), struck out par. (7) which related to special rules for plans where substantially all…
(e)(8)(A) Pub. L. 100–647, § 1011A(b)(9)(C), struck out “(other than paragraph (7))” after “this subsection”.
(e)(9) Pub. L. 100–647, § 1011A(b)(2)(B), struck out par. (9) which related to treatment of employee contributions as separate…
(e)(10) Pub. L. 100–647, § 5012(a)(1), added par. (10).
(e)(11) Pub. L. 100–647, § 5012(d)(2), added par. (11).
(f) Pub. L. 100–647, § 1011A(b)(1)(A), struck out “for purposes of subsections (d)(1) and (e)(7), the consideration for the…
(n) Pub. L. 100–647, § 1011A(b)(1)(B), substituted “Subsection (b)” for “Subsections (b) and (d)”.
(o)(2) Pub. L. 100–647, § 1011A(c)(8), struck out par. (2) which related to additional tax if amount received before age 59½.
(p)(3)(A) Pub. L. 100–647, § 1011A(h)(1), inserted “to which paragraph (1) does not apply by reason of paragraph (2) during the…
(p)(3)(B) Pub. L. 100–647, § 1011A(h)(2), substituted “Period” for “Loans” in heading and amended text generally. Prior to…
(q)(2)(B) Pub. L. 100–647, § 1018(t)(1)(B), substituted “subsection (s)(6)(B))” for “subsection (s)(6)(B)))”.
(q)(2)(D) Pub. L. 100–647, § 1011A(c)(7), inserted “designated” before “beneficiary”.
(q)(2)(D) Pub. L. 100–647, §§ 1011A(c)(4), 1018(u)(8), amended subpar. (D) identically, substituting a comma for period at end.
(q)(2)(E) Pub. L. 100–647, § 1011A(b)(9)(D), struck out “(determined without regard to subsection (e)(7))” after “subsection…
(q)(2)(G) Pub. L. 100–647, § 1011A(c)(4), substituted a comma for period at end.
(q)(2)(H) Pub. L. 100–647, § 1011A(c)(6), added subpar. (H).
(q)(3)(B) Pub. L. 100–647, § 1011A(c)(5), substituted “taxpayer” for “employee” in cls. (i) and (ii).
(s)(5) Pub. L. 100–647, § 1018(k)(2), substituted “certain annuity contracts” for “annuity contracts which are part of…
(s)(5)(D) Pub. L. 100–647, § 1018(k)(1), added subpar. (D).
(s)(7) Pub. L. 100–647, § 1018(t)(1)(A), substituted “primary annuitant” for “primary annuity”.
(t)(2)(A)(iv) Pub. L. 100–647, § 1011A(c)(7), inserted “designated” before “beneficiary”.
(t)(2)(A)(v) Pub. L. 100–647, § 1011A(c)(1), struck out “on account of early retirement under the plan” after “separation from…
(t)(2)(C) Pub. L. 100–647, § 1011A(c)(2), substituted “Exceptions for distributions from employee stock ownership plans” for…
(t)(3)(A) Pub. L. 100–647, § 1011A(c)(3), substituted “(C), and (D)” for “and (C)”.
(u)(1)(A) Pub. L. 100–647, § 1011A(i)(1), inserted “(other than subchapter L)” after “subtitle”.
(u)(3)(D) Pub. L. 100–647, § 1011A(i)(3), substituted “is purchased” for “which is purchased” and “is held” for “which is held”.
(u)(3)(D) Pub. L. 100–647, § 1011A(i)(2), substituted “until all amounts under such contract are distributed to the employee for…
(u)(3)(E) Pub. L. 100–647, § 1011A(i)(3), substituted “is” for “which is”.
(u)(4)(C) Pub. L. 100–647, § 1011A(i)(4), added subpar. (C).
(v) (w) Pub. L. 100–647, § 5012(b)(1), added subsec. (v) and redesignated former subsec. (v) as (w).

§ 79 Group-term life insurance purchased for employees

(c) Pub. L. 100–647 struck out at end “In the case of an employee who has attained age 64, the cost prescribed shall not…

§ 86 Social security and tier 1 railroad retirement benefits

(b)(2)(A) Pub. L. 100–647, § 6009(c)(1), inserted “135,” before “911”.
(f)(4) (f) Pub. L. 100–647, § 1001(e), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “section…

§ 103 Interest on State and local bonds

(b) Pub. L. 100–647, § 1013(c)(12)(A), amended subpar. (N), as in effect on the day before the date of the enactment of…
(c) Pub. L. 100–647, § 1013(a)(34)(A), amended par. (7), as in effect on the day before the date of the enactment of Pub.…

§ 106 Contributions by employer to accident and health plans

§ 106 Pub. L. 100–647, § 3011(b)(1), amended section generally, substituting a single undesignated par. for former subsec.…
(b)(1) Pub. L. 100–647, § 1018(t)(7)(A), substituted “any employer-provided coverage” for “any amount contributed by an…

§ 108 Income from discharge of indebtedness

(a)(1)(C) Pub. L. 100–647, § 1004(a)(1), added subpar. (C).
(a)(2) Pub. L. 100–647, § 1004(a)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Subparagraph…
(b) Pub. L. 100–647, § 1004(a)(3), struck out “in title 11 case or insolvency” after “Reduction of tax attributes” in…
(d) Pub. L. 100–647, § 1004(a)(6)(B), which directed amendment of subsec. (d) heading by substituting “subsections (a)…
(d)(6) Pub. L. 100–647, § 1004(a)(6)(A), (C), substituted “Subsections (a), (b), and (g)” for “Subsections (a) and (b)” in…
(d)(7)(A) Pub. L. 100–647, § 1004(a)(6)(A), (C), substituted “Subsections (a), (b), and (g)” for “Subsections (a) and (b)” in…
(g) Pub. L. 100–647, § 1004(a)(4), substituted “indebtedness” for “indebtedness of solvent farmers” in heading and amended…

§ 117 Qualified scholarships

(d)(4) Pub. L. 100–647, § 1011B(a)(31)(B), substituted “there shall” for “there may” and “who are” for “who may be”.
(d)(5) Pub. L. 100–647, § 4001(b)(2), added par. (5).

§ 119 Meals or lodging furnished for the convenience of the employer

(d) Pub. L. 100–647 struck out “(as of the close of the calendar year in which the taxable year begins)” after “appraised…

§ 121 Exclusion of gain from sale of principal residence

(d)(9) Pub. L. 100–647 added par. (9).

§ 125 Cafeteria plans

(a) Pub. L. 100–647, § 1011B(a)(11)(A), amended subsec. (a) generally, see Codification note above. Prior to amendment…
(b)(1) Pub. L. 100–647, § 1011B(a)(11)(B), substituted “In the case of a highly compensated employee, subsection (a) shall not…
(b)(2) Pub. L. 100–647, § 1011B(a)(11)(C), substituted “subsection (a) shall not apply to any plan year” for “a plan shall be…
(b)(2) Pub. L. 100–647, § 1011B(a)(13)(B), substituted “shall not include benefits which (without regard to this paragraph)…
(c) Pub. L. 100–647, § 1011B(a)(12), amended subpar. (B) generally, see Codification note above. Prior to amendment…
(c) Pub. L. 100–647, § 1018(t)(6), inserted “or rural electric cooperative plan (within the meaning of section 401(k)(7))”…
(c) Pub. L. 100–647, § 6051(b), inserted at end “In applying section 89 to a plan described in this subparagraph…
(e)(1) Pub. L. 100–647, § 1011B(a)(13)(A), inserted “and without regard to section 89(a)” after “subsection (a)”, see…
(e)(2) Pub. L. 100–647, § 4002(b)(2), inserted “or any insurance under a qualified group legal services plan the value of…

§ 127 Educational assistance programs

(b)(2) Pub. L. 100–647, § 1011B(a)(31)(B), substituted “there shall” for “there may” and “who are” for “who may be” in last…
(c)(1) Pub. L. 100–647, § 4001(b)(1), inserted at end “The term ‘educational assistance’ also does not include any payment…
(d) Pub. L. 100–647, § 4001(a), substituted “1988” for “1987”.

§ 129 Dependent care assistance programs

(a)(2) Pub. L. 100–647, § 1011B(c)(2)(A), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The…
(d)(1) Pub. L. 100–647, § 1011B(a)(30), substituted “(7)” for “(6)”, see Codification note above.
(d)(3) Pub. L. 100–647, § 1011B(a)(31)(A)(i), struck out at end “For purposes of this paragraph, there may be excluded from…
(d)(7) Pub. L. 100–647, § 1011B(a)(14), redesignated par. (8) as (7).
(d)(7) Pub. L. 100–647, § 1011B(a)(15)(A), inserted “under all plans of the employer” after second and third reference to…
(d)(7) Pub. L. 100–647, § 3021(a)(14), struck out “(within the meaning of section 414(q)(7))” after “whose compensation” and…
(d)(7) Pub. L. 100–647, § 1011B(a)(15)(B), (C), substituted “a plan may disregard” for “there shall be disregarded” and…
(d)(8) Pub. L. 100–647, § 1011B(a)(31)(A)(ii), added par. (8). Former par. (8) redesignated (7).
(e)(6) Pub. L. 100–647, § 1011B(a)(18), inserted “(other than paragraphs (4) and (7) thereof)” after “subsection (d)”.
(e)(8) Pub. L. 100–647, § 1011B(c)(1), in introductory provisions, inserted “maintained by an employer” after “onsite…

§ 130 Certain personal injury liability assignments

(c) Pub. L. 100–647, in par. (2), redesignated subpars. (D) and (E) as (C) and (D), respectively, struck out former subpar.…

§ 132 Certain fringe benefits

(h)(1) Pub. L. 100–647, § 1011B(a)(31)(B), substituted “there shall” for “there may be” and “who are” for “who may be” in last…
(h) Pub. L. 100–647, § 6066(a), added par. (8).

§ 134 Certain military benefits

(b)(1) Pub. L. 100–647, § 1011B(f)(2)(A), inserted “(other than personal use of a vehicle)” after “in-kind benefit” in…
(b)(1)(B) Pub. L. 100–647, § 1011B(f)(1), substituted “, regulation, or administrative practice” for “or regulation thereunder”.
(b)(3)(A) Pub. L. 100–647, § 1011B(f)(3), struck out “under any provision of law or regulation described in paragraph (1)” after…

§ 135 Income from United States savings bonds used to pay higher education tuition and fees

Enacted § 135

§ 140 Cross references to other Acts

§ 140 Pub. L. 100–647 renumbered section 135 of this title as this section.

§ 141 Private activity bond; qualified bond

(b)(5)(B) Pub. L. 100–647 substituted “cause a bond” for “cause bond”.

§ 142 Exempt facility bond

(a)(11) Pub. L. 100–647, § 6180(a), added par. (11).
(b)(1)(B)(ii) Pub. L. 100–647, § 1013(a)(39), inserted “section” before “168(i)(3)”.
(c) Pub. L. 100–647, § 6180(b)(2), substituted “mass commuting facilities and high-speed intercity rail facilities” for…
(d)(4)(B)(iii) Pub. L. 100–647, § 1013(a)(1), substituted “average gross rent” for “average rent”.
(i) Pub. L. 100–647, § 6180(b)(1), added subsec. (i).

§ 143 Mortgage revenue bonds: qualified mortgage bond and qualified veterans’ mortgage bond

(a)(1) Pub. L. 100–647, § 4005(a)(1), substituted “1989” for “1988” in heading and in text.
(a)(2)(A) Pub. L. 100–647, § 4005(f), inserted sentence at end relating to application of cl. (iv).
(a)(2)(A)(ii) Pub. L. 100–647, § 4005(g)(1), substituted “(i), and (m)(7)” for “and (i)”.
(a)(2)(A)(iii) Pub. L. 100–647, § 1013(a)(2), substituted “such issue does not meet” for “no bond which is part of such issue meets”.
(a)(2)(A)(iv) Pub. L. 100–647, § 4005(f), added cl. (iv).
(a)(2)(C) Pub. L. 100–647, § 4005(g)(2)(B), substituted “, (h), and (m)(7)” for “and (h)” in introductory text.
(a)(2)(D) Pub. L. 100–647, § 4005(e), added subpar. (D).
(b)(4) Pub. L. 100–647, § 1013(a)(3), inserted “is part of an issue which” after “which”.
(f)(5) Pub. L. 100–647, § 4005(b), added par. (5).
(f)(6) Pub. L. 100–647, § 4005(c), added par. (6).
(g)(1) Pub. L. 100–647, § 4005(d)(1), substituted “paragraph (2) of this subsection and, in the case of an issue described in…
(g)(2)(B)(iv) Pub. L. 100–647, § 4005(g)(6), inserted at end “The Secretary may by regulation adjust the mortgage prepayment rate…
(m) Pub. L. 100–647, § 4005(g)(1), added subsec. (m).

§ 144 Qualified small issue bond; qualified student loan bond; qualified redevelopment bond

(a)(12)(A) Pub. L. 100–647, § 1013(a)(4)(B)(ii), inserted sentence at end that for purposes of cl. (ii)(I), average maturity be…
(a)(12)(A)(ii) Pub. L. 100–647, § 1013(a)(4)(A), inserted “(or series of bonds)” before “issued to refund” in introductory text.
(a)(12)(A)(ii)(I) Pub. L. 100–647, § 1013(a)(4)(B)(i), amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: “the…
(a)(12)(A)(ii)(III) (a)(12)(A)(ii) Pub. L. 100–647, § 1013(a)(4)(C), redesignated subcl. (IV) as (III) and struck out former subcl. (III) which provided…
(a)(12)(C) Pub. L. 100–647, § 6176(a), inserted sentence at end defining “manufacturing facility”.
(b)(1) Pub. L. 100–647, § 1013(a)(5), in subpar. (B) struck out “to which part B of title IV of the Higher Education Act of…

§ 145 Qualified 501(c)(3) bond

(b)(2)(B)(ii)(I) Pub. L. 100–647, § 1013(a)(6), substituted “section 103(b)(2)” for “section 103(b)”.
(b)(2)(C)(i) Pub. L. 100–647, § 1013(a)(7), substituted “subparagraph (B)” for “subparagraph (B)(ii)”.
(b)(4) Pub. L. 100–647, § 1013(a)(8), substituted “subparagraphs (C), (D), and (E)” for “subparagraphs (C) and (D)”.
(d) (e) Pub. L. 100–647, § 5053(a), added subsec. (d) and redesignated former subsec. (d) as (e).

§ 146 Volume cap

(d)(4)(B) Pub. L. 100–647, § 1013(a)(40), substituted “respect to a” for “respect a”.
(f)(5)(A) Pub. L. 100–647, § 1013(a)(9), amended subpar. (A) generally, as in effect before amendment by Pub. L. 100–203. Before…
(g)(3) Pub. L. 100–647, § 6180(b)(3), added par. (3) relating to exempt facility bonds issued as part of an issue described in…
(i)(2)(A) Pub. L. 100–647, § 1013(a)(28)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the…
(i)(3)(A) Pub. L. 100–647, § 1013(a)(28)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the…
(i)(4) (i)(5) Pub. L. 100–647, § 1013(a)(28)(C), added par. (4) and redesignated former par. (4) as (5).
(k)(1) Pub. L. 100–647, § 1013(a)(10)(A), substituted “paragraphs (2) and (3)” for “paragraph (2)”.
(k)(3) Pub. L. 100–647, § 1013(a)(10)(B), added par. (3).

§ 147 Other requirements applicable to certain private activity bonds

(c)(3) Pub. L. 100–647, § 6180(b)(4), inserted “high-speed intercity rail facility” after “mass commuting facility” in…
(e) Pub. L. 100–647, § 1013(a)(11), struck out “treated as” after “shall not be”.
(f)(2)(D) Pub. L. 100–647, § 1013(a)(29), substituted “the average maturity date of the issue of which the refunding bond is a…
(f)(2)(E)(i) Pub. L. 100–647, § 1013(a)(36), inserted sentence at end relating to treatment of an individual appointed to fill a…
(f)(3) Pub. L. 100–647, § 6180(b)(5), inserted “or high-speed intercity rail facilities” after “airports” in heading and after…
(f)(4) Pub. L. 100–647, § 1013(a)(12), added par. (4).
(g)(1) Pub. L. 100–647, § 1013(a)(13)(A), substituted “proceeds” for “aggregate face amount”.
(g)(2) Pub. L. 100–647, § 1013(a)(13)(B), substituted “proceeds” for “aggregate authorized face amount” and “do” for “does”.

§ 148 Arbitrage

(b)(2) Pub. L. 100–647, § 1013(a)(43)(B), struck out at end “Such term shall not include any tax-exempt bond.”
(b)(2)(E) Pub. L. 100–647, § 5053(b), added subpar. (E).
(b)(3) Pub. L. 100–647, § 1013(a)(43)(A), added par. (3).
(d)(2) Pub. L. 100–647, § 1013(a)(14), substituted “any reserve or replacement fund” for “any fund described in paragraph (1)”.
(f)(1) Pub. L. 100–647, § 4005(d)(2), struck out “qualified mortgage bond or” after “apply to any”.
(f)(3) Pub. L. 100–647, § 6177(b), inserted at end “In the case of a tax and revenue anticipation bond, the last installment…
(f)(3) Pub. L. 100–647, § 1013(a)(15), inserted “A series of issues which are redeemed during a 6-month period (or such longer…
(f)(4)(A) Pub. L. 100–647, § 6181(a), (b), struck out “unless the issuer otherwise elects,” before “any amount earned” in cl.…
(f)(4)(B)(iii)(I) Pub. L. 100–647, § 1013(a)(16)(A), substituted “proceeds” for “aggregate face amount”.
(f)(4)(B)(iii)(III) Pub. L. 100–647, § 6177(a), substituted “the earlier of the date 6 months after such date of issuance.” for “the…
(f)(4)(C) Pub. L. 100–647, § 1013(a)(17)(A), in heading substituted “governmental units issuing $5,000,000 or less of bonds” for…
(f)(4)(C)(i) Pub. L. 100–647, § 1013(a)(17)(B), struck out “(and all subordinate entities thereof)” after “such unit”.
(f)(4)(C)(ii) Pub. L. 100–647, § 6183(a), added subcl. (II) and redesignated former subcls. (II) and (III) as (III) and (IV)…
(f)(4)(D)(i) Pub. L. 100–647, § 1013(a)(18), inserted “for a program” before “described in section 144(b)(1)(A)” in introductory…
(f)(7)(B) Pub. L. 100–647, § 1013(a)(19), substituted “not due” for “due to reasonable cause and not”.

§ 149 Bonds must be registered to be tax exempt; other requirements

(b)(3)(A)(iii) Pub. L. 100–647, § 1013(a)(20), struck out “with respect to any bond issued before July 1, 1989” after “1984”.
(b)(4)(A) Pub. L. 100–647, § 1013(a)(21), substituted “and a qualified student loan bond” for “a qualified student loan bond, and…
(e)(3) Pub. L. 100–647, § 1013(a)(22), substituted “the failure to file in a timely fashion is not due to willful neglect” for…
(f) Pub. L. 100–647, § 5051(a), added subsec. (f).

§ 150 Definitions and special rules

(b)(1)(A) Pub. L. 100–647, § 1013(a)(23)(C), inserted “tax-exempt” before “qualified mortgage bond”.
(b)(1)(A) Pub. L. 100–647, § 1013(a)(30), inserted before period at end “and before the date such residence is again the…
(b)(2) Pub. L. 100–647, § 1013(a)(32), inserted at end “If the provisions of prior law corresponding to section 142(d) apply…
(b)(2)(A) Pub. L. 100–647, § 1013(a)(31), substituted “described in paragraph” for “described paragraph”.
(b)(4) Pub. L. 100–647, § 1013(a)(23)(A), (B), inserted “and small issue bonds” after “bonds” in heading, and “or a qualified…
(b)(6) Pub. L. 100–647, § 1013(a)(33), added par. (6).
(e)(1)(B) Pub. L. 100–647, § 6182(b), inserted “(including land which is functionally related and subordinate thereto)” after “a…
(e)(2) Pub. L. 100–647, § 6182(a), inserted at end “For purposes of subparagraph (A), other firefighting services provided in…
(e)(3) Pub. L. 100–647, § 1013(a)(24)(A), added par. (3).

§ 151 Allowance of deductions for personal exemptions

(c) Pub. L. 100–647 inserted “who has not attained the age of 24 at the close of such calendar year” after “student”.

§ 162 Trade or business expenses

(i) Pub. L. 100–647, § 3011(b)(2), redesignated par. (3) as (2) and struck out former par. (2) which required plans to…
(k) Pub. L. 100–647, § 3011(b)(3), redesignated subsec. (l), relating to stock redemption expenses, as (k) and struck out…
(k) Pub. L. 100–647, § 1018(t)(7)(B), made amendment identical to Pub. L. 99–509, § 9307(c)(2)(B), which amended directory…
(l) Pub. L. 100–647, § 3011(b)(3)(A), (B), redesignated subsec. (m), relating to special rules for health insurance costs…
(m) Pub. L. 100–647, § 3011(b)(3)(B), (C), redesignated subsec. (n), relating to cross references, as (m). Former subsec.…
(m) Pub. L. 100–647, § 1011B(b)(2), redesignated subsec. (m), relating to cross references, as (n).
(m)(2)(A) Pub. L. 100–647, § 1011B(b)(3), inserted “derived by the taxpayer from the trade or business with respect to which the…
(m)(4) (m)(5) Pub. L. 100–647, § 1011B(b)(1), added par. (4) and redesignated former par. (4) as (5).
(n) Pub. L. 100–647, § 3011(b)(3)(C), redesignated subsec. (n) as (m).
(n) Pub. L. 100–647, § 1011B(b)(2), redesignated subsec. (m), relating to cross references, as (n).

§ 163 Interest

(d)(3)(A) Pub. L. 100–647, § 1005(c)(1), substituted “properly allocable to” for “incurred or continued to purchase or carry”.
(d)(4)(B) Pub. L. 100–647, § 1005(c)(2), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
(d) Pub. L. 100–647, § 1005(c)(3), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “The…
(e)(2)(B) Pub. L. 100–647, § 1006(u)(1), substituted “paragraph (7)” for “paragraph (6)”.
(h)(2)(A) Pub. L. 100–647, § 1005(c)(4), substituted “properly allocable to” for “incurred or continued in connection with the…
(h)(2)(E) Pub. L. 100–647, § 1005(c)(12), inserted “or under section 6166A (as in effect before its repeal by the Economic…
(h)(3)(C) Pub. L. 100–647, § 1005(c)(5), effective as if enacted immediately before enactment of Pub. L. 100–203 (see 1987…
(h)(4) Pub. L. 100–647, § 1005(c)(6)(A), effective as if enacted immediately before enactment of Pub. L. 100–203…
(h)(4)(A) Pub. L. 100–647, § 1005(c)(6)(B)(i), (7), effective as if enacted immediately before enactment of Pub. L. 100–203…
(h)(4)(B) Pub. L. 100–647, § 1005(c)(6)(B)(ii), effective as if enacted immediately before enactment of Pub. L. 100–203…
(h)(4)(C) (h)(4)(D) Pub. L. 100–647, § 1005(c)(8), effective as if enacted immediately before enactment of Pub. L. 100–203 (redesignating…
(h)(5) Pub. L. 100–647, § 2004(b)(1), redesignated par. (6) as (5).
(h) Pub. L. 100–647, § 2004(b)(1), redesignated par. (6) as (5).
(h) Pub. L. 100–647, § 1005(c)(9), substituted “but for this paragraph” for “but for this subsection”.
(i)(2) Pub. L. 100–647, § 1009(b)(6), made technical correction to directory language of Pub. L. 99–514, § 902(e)(1), see 1986…

§ 164 Taxes

(a) Pub. L. 100–647 substituted “The GST” for “the GST”.

§ 165 Losses

(l)(5) (l)(6) (l)(7) Pub. L. 100–647 added pars. (5) and (6), redesignated former par. (6) as (7), and struck out former par. (5) which read…

§ 166 Bad debts

(d)(1)(A) Pub. L. 100–647, § 1008(d)(1), substituted “subsection (a)” for “subsections (a) and (c)”.
(f) § 166 Pub. L. 100–647, § 1008(d)(2), made clarifying amendment to directory language of Pub. L. 99–514, § 805(b), see 1986…

§ 167 Depreciation

(a) Pub. L. 100–647, § 1002(a)(24), struck out at end “In the case of recovery property (within the meaning of section…
(d) Pub. L. 100–647, § 1002(a)(31), substituted “property to which section 168 applies” for “recovery property defined in…
§ 167 Pub. L. 100–647, § 1002(a)(22), substituted “section 168(i)(9)(B)” for “section 168(e)(3)(C)” in last sentence.
§ 167 Pub. L. 100–647, § 1002(i)(1), added subsec. (r) and redesignated former subsec. (r) as (s).

§ 168 Accelerated cost recovery system

(b)(2) Pub. L. 100–647, § 1002(a)(11)(A), substituted “150 percent declining balance method in certain cases” for “15-year and…
(b)(2)(B) (b)(2)(C) Pub. L. 100–647, § 6028(a), added subpar. (B) and redesignated former subpar. (B) as (C).
(b)(3)(C) Pub. L. 100–647, § 1002(i)(2)(B)(i), added subpar. (C). Former subpar. (C) redesignated (D).
(b)(3)(D) Pub. L. 100–647, § 6029(b), added subpar. (D) relating to property described in subsec. (e)(3)(D)(ii).
(b)(3)(D) Pub. L. 100–647, § 1002(i)(2)(B)(i), redesignated subpar. (C), relating to property with respect to which the taxpayer…
(b)(5) Pub. L. 100–647, § 1002(i)(2)(B)(ii), substituted “paragraph (3)(D)” for “paragraph (3)(C)”.
(b)(5) Pub. L. 100–647, § 1002(a)(11)(B), substituted “paragraph (2)(B) or (3)(C)” for “paragraph (3)(C)”.
(c) Pub. L. 100–647, § 1002(a)(11)(C), amended subsec. (c) generally, designating existing provisions as par. (1) and…
(c) Pub. L. 100–647, § 1002(i)(2)(A), inserted table item relating to any railroad grading or tunnel bore.
(d)(2)(C) Pub. L. 100–647, § 1002(i)(2)(D), added subpar. (C).
(d)(3)(A)(i) Pub. L. 100–647, § 1002(a)(5), struck out “and which are” after “this section applies”.
(d)(3)(B) Pub. L. 100–647, § 1002(a)(23)(A), struck out “real” after “Certain” in heading and amended text generally. Prior to…
(d)(3)(B)(i) Pub. L. 100–647, § 1002(i)(2)(E), substituted “residential rental property, and railroad grading or tunnel bore” for…
(e)(3)(B)(v) Pub. L. 100–647, § 1002(a)(21), substituted “any section 1245 property” for “any property”.
(e)(3)(C) Pub. L. 100–647, § 6027(b)(1)(C), redesignated cl. (iii) as (ii), and struck out former cl. (ii) which read as follows…
(e)(3)(D) Pub. L. 100–647, § 6029(a), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: “The term…
(e)(3)(D) Pub. L. 100–647, § 6027(a), added subpar. (D). Former subpar. (D) redesignated (E).
(e)(3)(E) (e)(3)(F) Pub. L. 100–647, § 6027(a), redesignated former subpars. (D) and (E) as (E) and (F), respectively.
(e)(4) Pub. L. 100–647, § 1002(i)(2)(C), added par. (4).
(f)(4) Pub. L. 100–647, § 1002(a)(16)(B), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “Any sound…
(f)(5)(B)(ii) Pub. L. 100–647, § 1002(a)(6)(A)(i), substituted “1st taxable year” for “1st full taxable year”.
(f)(5)(B)(iii) Pub. L. 100–647, § 1002(a)(6)(A)(ii), added cl. (iii).
(f)(5)(C) Pub. L. 100–647, § 100–647, § 1002(a)(6)(B), added subpar. (C).
(g)(2)(C) Pub. L. 100–647, § 1002(i)(2)(F), added item (iv) in table.
(g)(3)(B) Pub. L. 100–647, § 6029(c), substituted “(D)(i)” for “(D)” and added item for “(D)(ii)” in table.
(g)(3)(B) Pub. L. 100–647, § 6027(b)(2), substituted “(D)” for “(C)(ii)”, “(E)(i)” for “(D)(i)”, “(E)(ii)” for “(D)(ii)”, and…
(h)(2)(B) Pub. L. 100–647, § 1002(a)(8), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows:
(i)(1) Pub. L. 100–647, § 6253, as amended by Pub. L. 101–239, § 7816(w), amended par. (1) generally, substituting a single…
(i)(1) Pub. L. 100–647, § 1002(i)(2)(G), added cl. (iii), which provided: “Special rule for railroad grading or tunnel…
(i)(7)(A) Pub. L. 100–647, § 1002(a)(7)(A), inserted at end “In any case where this section as in effect before the amendments…
(i)(7)(B) Pub. L. 100–647, § 1002(a)(7)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
(i)(7) Pub. L. 100–647, § 1002(a)(7)(C), struck out subpar. (D) which read as follows: “This paragraph shall not apply to any…
(j)(9) Pub. L. 100–647, § 1018(b)(2), amended subpar. (E), as amended by section 1802(a)(2) of Pub. L. 99–514 and as in effect…

§ 170 Charitable, etc., contributions and gifts

(m) (n) Pub. L. 100–647 added subsec. (m) and redesignated former subsec. (m) as (n).

§ 171 Amortizable bond premium

(e) Pub. L. 100–647 substituted “Treatment as offset to interest payments” for “Treatment as interest” in heading and…

§ 172 Net operating loss deduction

(b)(1)(A) Pub. L. 100–647, § 1009(c)(2), substituted “Except as otherwise provided in this paragraph, a net operating loss” for…
(b)(1)(B) Pub. L. 100–647, § 1009(c)(3), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “Except…
(b)(1) Pub. L. 100–647, § 1009(c)(1), redesignated subpars. (L) and (M) as (K) and (L), respectively.
(d)(4)(B) Pub. L. 100–647, § 1003(a)(1), substituted “paragraphs (1) and (3)” for “paragraphs (1), (2)(B), and (3)”.

§ 173 Circulation expenditures

(b) Pub. L. 100–647 substituted “section 59(e)” for “section 59(d)”.

§ 174 Amortization of research and experimental expenditures

§ 174 Pub. L. 100–647 substituted “section 59(e)” for “section 59(d)”.

§ 178 Amortization of cost of acquiring a lease

(a) Pub. L. 100–647 substituted “the deduction allowable to a lessee for exhaustion, wear and tear, obsolescence, or…

§ 179 Election to expense certain depreciable business assets

(b)(3) Pub. L. 100–647, § 1002(b)(1), amended par. (3) generally. Prior to amendment, par. (3) read as follows:
(d)(1) Pub. L. 100–647, § 1002(a)(19), substituted “tangible property (to which section 168 applies)” for “recovery property”.

§ 183 Activities not engaged in for profit

(e)(2) Pub. L. 100–647 substituted “activity for 3 (or 2 if applicable)” for “activity for 2”.

§ 196 Deduction for certain unused business credits

(c)(4) Pub. L. 100–647, § 4008(b)(2)(A), added par. (4).
(d) Pub. L. 100–647, § 4008(b)(2)(B), inserted “and research credit” after “tax credit” in heading and amended text…

§ 216 Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder

(e) Pub. L. 100–647 added subsec. (e).

§ 219 Retirement savings

(g)(3)(A)(ii) Pub. L. 100–647, § 6009(c)(2), as amended by Pub. L. 101–239, § 7816(c)(1), substituted “sections 135 and 911” for…
(g)(4) Pub. L. 100–647, § 1011(a)(1), inserted “and living apart” after “filing separately” in heading and amended text…

§ 226 Cross reference

§ 243 Dividends received by corporations

(b) Pub. L. 100–647 substituted “section 801” for “section 801 or 821”.

§ 245 Dividends received from certain foreign corporations

(a)(8) Pub. L. 100–647, § 1012(l)(2)(A), as amended by Pub. L. 101–239, substituted “Disallowance of foreign tax credit” for…
(a)(10) (a)(11) Pub. L. 100–647, § 1012(l)(2)(B), (3), added pars. (10) and (11).
(c) Pub. L. 100–647, § 1012(bb)(9)(A), amended subsec. (c) generally, revising and restating provisions of pars. (1) to (4).
§ 245 Pub. L. 100–647, § 1006(e)(16), struck out subsec. (d) which read as follows: “Property distributions.—For purposes of…

§ 246 Rules applying to deductions for dividends received

(c)(1)(A) Pub. L. 100–647 substituted “which” for “Which”.

§ 246A Dividends received deduction reduced where portfolio stock is debt financed

(a) Pub. L. 100–647 struck out at end “The preceding sentence shall be applied before any determination of a ratio under…

§ 262 Personal, living, and family expenses

§ 262 Pub. L. 100–647 amended section generally. Prior to amendment, section read as follows: “Except as otherwise expressly…

§ 263 Capital expenditures

(c) Pub. L. 100–647 substituted “section 59(e)” for “section 59(d)”.

§ 263A Capitalization and inclusion in inventory costs of certain expenses

(a)(2) Pub. L. 100–647, § 1008(b)(1), inserted at end “Any cost which (but for this subsection) could not be taken into…
(c)(3) Pub. L. 100–647, § 1008(b)(2)(A), substituted “section 263(c), 263(i), 291(b)(2), 616, or 617” for “section 263(c)…
(c)(6) Pub. L. 100–647, § 1008(b)(2)(B), added par. (6).
(d)(1) Pub. L. 100–647, § 6026(b)(2)(A), substituted “Section not to apply to certain property” for “Section to apply only if…
(d)(1)(A) Pub. L. 100–647, § 6026(b)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “This…
(d)(2)(B)(i) Pub. L. 100–647, § 1008(b)(3)(A), substituted “the plants described in subparagraph (A) at all times during the taxable…
(d)(2)(B)(ii) Pub. L. 100–647, § 1008(b)(3)(B), substituted “the plants described in subparagraph (A) during the taxable year in…
(d)(3)(A) Pub. L. 100–647, § 6026(b)(2)(B), struck out “or animal” after “plant”.
(d)(3)(B) Pub. L. 100–647, § 6026(c), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “No…
(e) Pub. L. 100–647, § 6026(b)(2)(B), struck out “or animal” after “plant” wherever appearing in pars. (1), (3), and (5).
(f)(3) Pub. L. 100–647, § 1008(b)(4), substituted “allocable (as determined under paragraph (2)) to” for “incurred or…
(h) (i) Pub. L. 100–647, § 6026(a), added subsec. (h) and redesignated former subsec. (h) as (i).

§ 265 Expenses and interest relating to tax-exempt income

(b)(3) Pub. L. 100–647 amended par. (3) generally, reenacting subpar. (A) without change, revising and restating provisions of…

§ 267 Losses, expenses, and interest with respect to transactions between related taxpayers

(a)(1) Pub. L. 100–647, § 1006(e)(9), struck out “(other than a loss in case of a distribution in corporate liquidation)”…
(a)(2) Pub. L. 100–647, § 1008(e)(6), made technical correction to directory language of Pub. L. 99–514, § 806(c)(2), see 1986…

§ 274 Disallowance of certain entertainment, etc., expenses

(b)(1) Pub. L. 100–647, § 1018(u)(2), related to execution of amendment by Pub. L. 99–514, § 122(c)(2), see 1986 Amendment…
(h)(1) (h)(2) Pub. L. 100–647, § 1001(g)(5), substituted “trade or business and that” for “trade or business that”.
(k)(2) Pub. L. 100–647, § 1001(g)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Paragraph (1)…
(m)(1)(B)(ii) Pub. L. 100–647, § 1001(g)(3), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “any expense…
(n)(2) Pub. L. 100–647, § 6003(a), struck out “or” at end of subpar. (D), substituted “, or” for the period at end of subpar.…
(n)(2) Pub. L. 100–647, § 1001(g)(4)(A), struck out “or” at end of subpar. (C), substituted “, or” for the period at end of…
(n)(2) Pub. L. 100–647, § 1001(g)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows…

§ 280A Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.

(c)(5) Pub. L. 100–647 inserted “(or rental activity)” after “trade or business” in subpar. (B)(ii) and inserted at end “Any…

§ 280C Certain expenses for which credits are allowable

(c) Pub. L. 100–647 added subsec. (c).

§ 280F Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes

(b)(3) Pub. L. 100–647, § 1018(u)(3), substituted “depreciation deductions” for “recovery deductions”.
(d)(1) Pub. L. 100–647, § 1002(b)(2), substituted “subsections (a) and (b), and the limitation of paragraph (3) of this…
(d)(3)(A) Pub. L. 100–647, § 1002(a)(10), substituted “depreciation deduction” for “recovery deduction”.

§ 280G Golden parachute payments

(b)(5)(A) Pub. L. 100–647, § 1018(d)(6), substituted “section 1361(b) but without regard to paragraph (1)(C) thereof)” for…
(b)(5)(B) Pub. L. 100–647, § 1018(d)(7), inserted at end “The regulations prescribed under subsection (e) shall include…
(d)(5) Pub. L. 100–647, § 1018(d)(8), substituted “officer of any member” for “officer or any member”.

§ 280H Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years

(c)(1)(A)(i) (d)(1) Pub. L. 100–647, § 2004(e)(14)(C), substituted “amounts paid” for “amounts paid or incurred”.
(f)(2) Pub. L. 100–647, § 2004(e)(3), substituted “section 269A(b)(2) (as modified by section 441(i)(2))” for “section…
(f)(4) Pub. L. 100–647, § 2004(e)(14)(A), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “The term…
(f)(5) Pub. L. 100–647, § 2004(e)(2)(B), added par. (5).

§ 291 Special rules relating to corporate preference items

(e)(1)(B)(i) Pub. L. 100–647, § 1009(b)(5), substituted “section 585(a)(2)” for “section 582(a)(2)”.
(e)(1)(B)(iv) (e)(1)(B) Pub. L. 100–647, § 1009(b)(4), redesignated cl. (iv), relating to application of subparagraph to certain obligations…

§ 301 Distributions of property

(b)(1) Pub. L. 100–647, § 1006(e)(10), amended par. (1) generally. Prior to amendment, par. (1) contained subpars. (A) to (D)…
(d) Pub. L. 100–647, § 1006(e)(11), amended subsec. (d) generally. Prior to amendment, subsec. (d) contained pars. (1) to…
(e) Pub. L. 100–647, § 2004(j)(3)(B), added par. (3) and redesignated former par. (3) as (4).
(e) Pub. L. 100–647, § 1006(e)(12), redesignated subsec. (f) as (e) and struck out former subsec. (e) which related to…
(f) § 301 Pub. L. 100–647, § 1006(e)(12), redesignated subsec. (g) as (f). Former subsec. (f) redesignated (e).

§ 304 Redemption through use of related corporations

(b)(4)(A) Pub. L. 100–647 substituted “stock from 1 member” for “stock of 1 member”.

§ 311 Taxability of corporation on distribution

(a) Pub. L. 100–647, § 1018(d)(5)(E), substituted “distribution (not in complete liquidation) with respect to its stock”…
(b)(2) Pub. L. 100–647, § 1006(e)(21)(B), substituted “liabilities” for “liabilities in excess of basis” in heading.
(b)(3) Pub. L. 100–647, § 1006(e)(8)(B), added par. (3).

§ 312 Effect on earnings and profits

(b) Pub. L. 100–647, § 1018(d)(4), as amended by Pub. L. 101–239, § 7811(m)(2), substituted “of any property (other than an…
(k)(4) Pub. L. 100–647, § 1002(a)(3), substituted “paragraph (1)” for “paragraphs (1) and (3)”.
(n)(1)(B) Pub. L. 100–647, § 1018(u)(4), made technical amendment to directory language of Pub. L. 99–514, § 803(b)(3)(A). See…

§ 334 Basis of property received in liquidations

(b) Pub. L. 100–647 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows:

§ 336 Gain or loss recognized on property distributed in complete liquidation

(b) Pub. L. 100–647, § 1006(e)(21)(A), substituted “liabilities” for “liabilities in excess of basis” in heading.
(c) Pub. L. 100–647, § 1018(d)(5)(D), substituted “liquidations which are part of a reorganization” for “certain…
(d)(2)(B)(ii) Pub. L. 100–647, § 1006(e)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “For purposes…
(d)(3) Pub. L. 100–647, § 1006(e)(2), inserted at end “The preceding sentence shall apply to any distribution to the…
(e) Pub. L. 100–647, § 1006(e)(3), substituted “an election may be made” for “such corporation may elect” in concluding…

§ 337 Nonrecognition for property distributed to parent in complete liquidation of subsidiary

(b)(2)(B)(i) Pub. L. 100–647, § 1006(e)(4)(A), (B), substituted “described in section 511(a)(2)” for “described in section 511(a)(2)…
(b)(2)(B)(ii) Pub. L. 100–647, § 1006(e)(4)(C), substituted “an activity referred to in clause (i)” for “an unrelated trade or…
(d) Pub. L. 100–647, § 1006(e)(5)(A), in introductory provisions, substituted “amendments made by subtitle D of title VI of…

§ 338 Certain stock purchases treated as asset acquisitions

(e)(3) Pub. L. 100–647, § 1018(d)(9), substituted “which meet the requirements of section 1504(a)(2)” for “which meet the 80…
(h)(7) Pub. L. 100–647, § 1006(e)(20), struck out par. (7) which read as follows: “Additional percentage must be attributable…
(h)(16) Pub. L. 100–647, § 1012(bb)(5)(A), added par. (16).

§ 351 Transfer to corporation controlled by transferor

(f) (g) Pub. L. 100–647 added subsec. (f) and redesignated former subsec. (f) as (g).

§ 355 Distribution of stock and securities of a controlled corporation

(b)(2)(D)(i) (b)(2)(D)(ii) Pub. L. 100–647, § 2004(k)(1), added cls. (i) and (ii) and struck out former cls. (i) and (ii) which read as follows:
(c) Pub. L. 100–647, § 1018(d)(5)(C), added subsec. (c).

§ 358 Basis to distributees

(f) Pub. L. 100–647 added subsec. (f).

§ 361 Nonrecognition of gain or loss to corporations; treatment of distributions

§ 361 Pub. L. 100–647 substituted “corporations; treatment of distributions” for “transferor corporations; other treatment of…

§ 367 Foreign corporations

(a)(5) (a) Pub. L. 100–647 added par. (5) and redesignated former par. (5) as (6).

§ 368 Definitions relating to corporate reorganizations

(a)(2)(F)(ii) Pub. L. 100–647, § 1018(q)(5), struck out “(other than stock in a regulated investment company, a real estate…
(a)(3)(D) Pub. L. 100–647, § 4012(b)(1)(A), amended subpar. (D), as in effect before the amendment made by section 904(a) of Pub.…

§ 381 Carryovers in certain corporate acquisitions

(c)(24) Pub. L. 100–647 substituted “depreciation deduction” for “recovery allowance for recovery property” in heading.

§ 382 Limitation on net operating loss carryforwards and certain built-in losses following ownership change

(e)(2) Pub. L. 100–647, § 1006(d)(1)(A), inserted “or other corporate contraction” after “redemption” in heading and in two…
(e)(3) Pub. L. 100–647, § 1006(d)(17)(A), added par. (3).
(g)(1)(A) Pub. L. 100–647, § 1006(d)(21)(A), struck out “new” after “stock of the”.
(g)(1)(B) Pub. L. 100–647, § 1006(d)(21)(B), struck out “old” after “stock of the”.
(g)(4)(C) Pub. L. 100–647, § 1006(d)(2), inserted “rules similar to” after “provided in regulations,”.
(h)(1)(C) Pub. L. 100–647, § 1006(d)(3)(A), substituted “Special rules for certain section 338 gains” for “Section 338 gain” in…
(h)(3)(A)(ii) Pub. L. 100–647, § 1006(d)(28)(A), inserted “to the extent provided in regulations,” after “an ownership change,”.
(h)(3)(A)(ii) Pub. L. 100–647, § 1006(d)(1)(B), inserted “or other corporate contractions” after “redemptions” in heading and “or…
(h)(3)(B)(ii) Pub. L. 100–647, § 1006(d)(26), inserted “except as provided in regulations,” after “under clause (i),”.
(h)(4) Pub. L. 100–647, § 1006(d)(20), substituted “allowed as a carryforward” for “treated as a net operating loss” in…
(h)(5)(A) Pub. L. 100–647, § 1006(d)(3)(B), substituted “recognized built-in gains to the extent such gains increased the section…
(h)(6) Pub. L. 100–647, § 1006(d)(22), substituted “Treatment of certain built-in items” for “Secretary may treat certain…
(h)(9) Pub. L. 100–647, § 1006(d)(23), substituted “was acquired (or is subsequently transferred)” for “is transferred”.
(i)(3) Pub. L. 100–647, § 1006(d)(4), inserted “the earlier of” after “not begin before” and “or the taxable year in which the…
(k)(1) Pub. L. 100–647, § 1006(d)(5)(A), inserted “or having a net operating loss for the taxable year in which the ownership…
(k)(2) Pub. L. 100–647, § 1006(d)(5)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term…
(l)(3)(A)(iv) (l)(3)(A)(v) Pub. L. 100–647, § 1006(d)(6), added cls. (iv) and (v) and struck out former cl. (iv) which read as follows: “except to…
(l)(3)(C) Pub. L. 100–647, § 5077(a), added subcl. (III) and concluding provisions.
(l)(4)(B)(ii) Pub. L. 100–647, § 1006(t)(22)(A), substituted “REMIC” for “real estate mortgage pool”.
(l)(5)(A)(ii) Pub. L. 100–647, § 1006(d)(25), substituted “stock of a controlling corporation” for “stock of controlling corporation”.
(l)(5)(A)(ii) Pub. L. 100–647, § 1006(d)(7), substituted “after such ownership change and as a result of being shareholders or…
(l)(5)(B) Pub. L. 100–647, § 1006(d)(27), substituted “the pre-change losses and excess credits (within the meaning of section…
(l)(5)(C) Pub. L. 100–647, § 1006(d)(18), substituted “tax attributes” for “carryforwards” in heading and amended text generally.…
(l)(5)(E) Pub. L. 100–647, § 1006(d)(19), substituted “taken into account” for “of creditors taken into account” in heading and…
(l)(5)(F) Pub. L. 100–647, § 4012(a)(3), substituted “1989” for “1988” in last sentence.
(l)(5)(F) Pub. L. 100–647, § 1006(d)(8)(A), inserted “ ‘1504(a)(2)(B)’ for ‘1504(a)(2)’ and” after “by substituting”.
(l)(5)(F) Pub. L. 100–647, § 1006(d)(8)(B), substituted “the amount of deposits in the new loss corporation immediately after the…
(l)(5)(F) Pub. L. 100–647, § 4012(b)(1)(B), inserted “(as modified by section 368(a)(3)(D)(iv))” after “section 368(a)(3)(D)(ii)”.
(l)(5)(F) Pub. L. 100–647, § 1006(d)(29), which directed amendment of subcl. (I) by substituting “section 368(a)(3)(D)(ii)” for…
(l)(6) Pub. L. 100–647, § 1006(d)(9), substituted “shall reflect the increase (if any) in value of the old loss corporation…
(l)(8) Pub. L. 100–647, § 1006(d)(10), added par. (8).
(m)(4) Pub. L. 100–647, § 1006(d)(1)(C), redesignated par. (5) as (4) and struck out former par. (4) which read as follows…
(m)(5) Pub. L. 100–647, § 1006(d)(24), added par. (5).
(m)(5) Pub. L. 100–647, § 1006(d)(1)(C), redesignated former par. (5) as (4).

§ 384 Limitation on use of preacquisition losses to offset built-in gains

(a) Pub. L. 100–647, § 2004(m)(1)(A), amended subsec. (a) generally, making changes in substance and structure.
(b) Pub. L. 100–647, § 2004(m)(3), substituted “corporations under common control” for “50 percent of gain corporation…
(c)(1)(A) Pub. L. 100–647, § 2004(m)(1)(D), substituted “subsection (a)(1)(B)” for “subsection (a)(2)”.
(c)(2) Pub. L. 100–647, § 2004(m)(1)(C), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term…
(c)(4) (c)(5) (c)(6) (c)(7) (c)(8) Pub. L. 100–647, § 2004(m)(1)(B), redesignated par. (4) as (8) and added pars. (4) to (7).
(e) (f) Pub. L. 100–647, § 2004(m)(2), (4), substituted “a corporation” for “the gain corporation” in subsec. (e)(2)…

§ 401 Qualified pension, profit-sharing, and stock bonus plans

(a)(9)(C) Pub. L. 100–647, § 6053(a), inserted at end “In the case of a governmental plan or church plan (as defined in section…
(a)(11)(E) (a)(11)(F) Pub. L. 100–647, § 1011A(l), redesignated subpar. (E), relating to cross reference, as (F).
(a)(17) Pub. L. 100–647, § 1011(d)(4), inserted at end “In determining the compensation of an employee, the rules of section…
(a)(22) Pub. L. 100–647, § 1011B(k)(1), (2), substituted “is not readily tradable on an established market” for “is not…
(a)(26)(F) (a)(26)(G) Pub. L. 100–647, § 1011(h)(3), added subpars. (F) and (G). Former subpar. (F) redesignated (H).
(a)(26)(H) Pub. L. 100–647, § 6055(a), added subpar. (H). Former subpar. (H) redesignated (I).
(a)(26)(H) Pub. L. 100–647, § 1011(h)(3), redesignated former subpar. (F) as (H).
(a)(26)(I) Pub. L. 100–647, § 6055(a), redesignated former subpar. (H) as (I).
(a)(27) Pub. L. 100–647, § 1011A(j), inserted par. heading, designated existing provisions as subpar. (A), inserted subpar. (A)…
(a)(28)(B)(ii)(II) Pub. L. 100–647, § 1011B(j)(1), as amended by Pub. L. 101–239, § 7811(h)(3), inserted “and within 90 days after the…
(a)(28)(B)(iv) Pub. L. 100–647, § 1011B(d)(2), amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: “For purposes…
(a)(28)(B)(v) Pub. L. 100–647, § 1011B(j)(6), added cl. (v).
(a)(30) Pub. L. 100–647, § 1011(c)(7)(A), added par. (30) at end.
(k)(1) (k)(2) Pub. L. 100–647, § 6071(a), struck out “electric” after “or a rural”.
(k)(2)(B) Pub. L. 100–647, § 1011(k)(2)(A), inserted “amounts held by the trust which are attributable to employer contributions…
(k)(2)(B)(i) Pub. L. 100–647, § 1011(k)(2)(B), struck out “amounts held by the trust which are attributable to employer…
(k)(2)(B)(i) Pub. L. 100–647, § 1011(k)(1)(A), added subcl. (II), redesignated former subcls. (V) and (VI) as (III) and (IV)…
(k)(2)(B)(ii) Pub. L. 100–647, § 1011(k)(2)(C), struck out “amounts” before “will not be”.
(k)(3)(A) Pub. L. 100–647, § 1011(k)(3)(B), made technical correction to Pub. L. 99–514, § 1116(b)(4). See 1986 Amendment note…
(k)(3)(A)(ii) Pub. L. 100–647, § 1011(k)(3)(A), inserted “eligible” before “highly compensated employees” in introductory text, in…
(k)(3)(C) (k)(3)(D) Pub. L. 100–647, § 1011(k)(4), (5), redesignated subpar. (C), relating to employer contributions, as (D), and…
(k)(4)(A) Pub. L. 100–647, § 1011(k)(6), struck out “provided by such employer” after “any other benefit”.
(k)(4)(B) Pub. L. 100–647, § 6071(b)(2), as amended by Pub. L. 101–239, § 7816(l), substituted “rural cooperative plan” for…
(k)(4)(B) Pub. L. 100–647, § 1011(k)(9), inserted at end “This subparagraph shall not apply to a rural electric cooperative plan.”
(k)(7) Pub. L. 100–647, § 6071(b)(1), substituted “Rural cooperative plan” for “Rural electric cooperative plan” in heading…
(k)(7) Pub. L. 100–647, § 1011(e)(3), amended par. (7) generally. Prior to amendment, par. (7) read as follows: “For purposes…
(k)(8)(E) (k)(8)(F) Pub. L. 100–647, § 1011(k)(7), added subpar. (E) and redesignated former subpar. (E) as (F).
(k)(10) Pub. L. 100–647, § 1011(k)(1)(B), added par. (10).
(l)(2)(B)(i) (l)(2)(B)(ii) Pub. L. 100–647, § 1011(g)(1)(A), substituted “contributed by the employer under” for “contributed under”.
(l)(3)(A)(ii) Pub. L. 100–647, § 1011(g)(1)(B), inserted “attributable to employer contributions” after “basis of benefits”.
(l)(5)(C) Pub. L. 100–647, § 1011(g)(2), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “The…
(l)(5)(E) Pub. L. 100–647, § 1011(g)(3), substituted “the social security retirement age” for “age 65” in cl. (i) and in two…
(m)(1) Pub. L. 100–647, § 1011(l)(1), substituted “A defined contribution plan” for “A plan”.
(m)(2)(B) Pub. L. 100–647, § 1011(l)(3), substituted “contributions to which this subsection applies are made” for “such…
(m)(3) Pub. L. 100–647, § 1011(l)(2), inserted at end “If matching contributions are taken into account for purposes of…
(m)(4)(A)(i) (m)(4)(A)(ii) Pub. L. 100–647, § 1011(l)(4), substituted “a defined contribution plan” for “the plan”.
(m)(4)(B) Pub. L. 100–647, § 1011(l)(5)(A), substituted “section 402(g)(3)” for “section 402(g)(3)(A)”.
(m)(6)(C) Pub. L. 100–647, § 1011(l)(6), substituted “excess aggregate contributions” for “excess contributions” in heading.
(m)(7)(A) Pub. L. 100–647, § 1011(l)(7), substituted “paragraph (6)” for “paragraph (8)”.

§ 402 Taxability of beneficiary of employees’ trust

(a) Pub. L. 100–647, § 1011A(b)(8)(A), substituted “paragraph (4)” for “paragraphs (2) and (4)”.
(a) Pub. L. 100–647, § 1011A(b)(8)(B), struck out “or (2)” after “under paragraph (1)”.
(a) Pub. L. 100–647, § 1011A(b)(4)(C), inserted at end “Any distribution described in section 401(a)(28)(B)(ii) shall be…
(a) Pub. L. 100–647, § 1011A(b)(4)(A), repealed amendment by Pub. L. 99–514, § 1122(e)(1), which had amended cl. (i)…
(a) Pub. L. 100–647, § 1011A(b)(4)(B), inserted “is payable as provided in clause (i), (iii), or (iv) of subsection…
(a) Pub. L. 100–647, § 1011A(b)(4)(D), struck out “10-year” after “Denial of” in heading.
(a) Pub. L. 100–647, § 1011A(a)(1), substituted “resulting in any portion of a distribution being excluded from gross…
(a) Pub. L. 100–647, § 1011A(b)(8)(C), struck out “paragraph (2) of subsection (a), and” after “paragraph (5)(A) applies,”.
(a) Pub. L. 100–647, § 1011A(b)(8)(D), substituted “then paragraphs (1) and (3) of subsection (e) shall” for “then…
(a) Pub. L. 100–647, § 1018(t)(8)(A), redesignated subpar. (G), relating to treatment of potential future vesting, as (I).
(a) Pub. L. 100–647, § 1011A(b)(5), inserted at end “A deposit shall not be treated as a frozen deposit unless on at least…
(a) Pub. L. 100–647, § 1018(t)(8)(A), redesignated subpar. (G), relating to treatment of potential future vesting, as (I).
(b)(2) Pub. L. 100–647, § 1011(h)(4), added subpar. (A) and struck out former subpar. (A) which related to trust which is not…
(b)(2) Pub. L. 100–647, § 1011(h)(4), added subpar. (B) and struck out former subpar. (B) which related to failure of plan to…
(e)(1)(A) Pub. L. 100–647, § 1011A(b)(8)(E), struck out “ordinary income portion of a” after “subparagraph (B)) on the”.
(e)(1)(B) Pub. L. 100–647, § 1011A(b)(10), inserted at end “For purposes of the preceding sentence, in determining the amount of…
(e)(1)(B) Pub. L. 100–647, § 1018(u)(1), made technical correction to directory language of Pub. L. 99–514, § 104(b)(5). See 1986…
(e)(1)(B) Pub. L. 100–647, § 1018(u)(6), related to execution of amendment by Pub. L. 99–514, § 1122(b)(2)(B), see 1986 Amendment…
(e)(3) Pub. L. 100–647, § 1018(u)(7), related to execution of amendment by Pub. L. 99–514, § 1122(b)(2)(C), see 1986 Amendment…
(e)(4)(A) Pub. L. 100–647, § 1011A(b)(8)(F), in concluding provisions, substituted “A” for “Except for purposes of subsection…
(e)(4)(B) Pub. L. 100–647, § 1011A(b)(6), substituted “employee” for “taxpayer”.
(e)(4) Pub. L. 100–647, § 1011A(c)(9), struck out “clause (ii) of” after “amounts described in”.
(e)(4) Pub. L. 100–647, § 1011A(b)(7), amended last sentence generally. Prior to amendment, last sentence read as follows: “To…
(e)(4) Pub. L. 100–647, § 1011A(b)(8)(G), struck out subpar. (L) which related to election to treat pre-1974 participation as…
(e)(4) Pub. L. 100–647, § 1011A(b)(8)(H), struck out “, subsection (a)(2) of this section, and section 403(a)(2)” after “of…
(e)(4) Pub. L. 100–647, § 6068(a), added subpar. (O).
(e)(5) Pub. L. 100–647, § 1011A(b)(8)(I), struck out “and paragraph (2) of subsection (a)” after “of this subsection”.
(e)(6) Pub. L. 100–647, § 1011A(b)(8)(J), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “For…
(f)(1) Pub. L. 100–647, § 1018(t)(8)(C), substituted “an eligible” for “a eligible”.
(g) Pub. L. 100–647, § 1011(c)(6)(B), redesignated subsec. (g), relating to effect of disposition of stock by plan on net…
(g) Pub. L. 100–647, § 1011(c)(6)(A), redesignated subsec. (g), relating to treatment of self-employed individuals, as (i).
(g)(2) Pub. L. 100–647, § 1011(c)(2), substituted “Distribution” for “Required distribution” in heading.
(g)(2)(C) Pub. L. 100–647, § 1011(c)(1), struck out “(and no tax shall be imposed under section 72(t))” after “in gross income”…
(g)(2)(D) Pub. L. 100–647, § 1011(c)(3), added subpar. (D).
(g)(3) Pub. L. 100–647, § 1011(c)(4), substituted “this subsection” for “this paragraph”.
(g)(3) Pub. L. 100–647, § 1011(c)(11), inserted at end “An employer contribution shall not be treated as an elective deferral…
(g)(8) Pub. L. 100–647, § 1011(c)(5)(A), inserted “(determined in the manner prescribed by the Secretary)” after “prior…
(g)(8) Pub. L. 100–647, § 1011(c)(5)(B), added subpar. (D).
(i) Pub. L. 100–647, § 1011(c)(6)(A), redesignated subsec. (g), relating to treatment of self-employed individuals, as (i).
(j) Pub. L. 100–647, § 1011(c)(6)(B), redesignated subsec. (g), relating to effect of disposition of stock by plan on net…

§ 403 Taxation of employee annuities

(b)(1)(D) Pub. L. 100–647, § 1011(m)(1)(B), substituted “paragraph (12)” for “paragraph (10)”.
(b)(1)(E) Pub. L. 100–647, § 1011(c)(7)(B), added subpar. (E).
(b)(10) Pub. L. 100–647, § 1011(m)(1)(A), redesignated par. (10), relating to nondiscrimination requirements, as (12).
(b)(12) Pub. L. 100–647, § 1011(m)(1)(A), redesignated par. (10), relating to nondiscrimination requirements, as (12).
(b)(12)(A) Pub. L. 100–647, § 1011(m)(2), inserted “(17),” after “paragraphs (4), (5),” and “, section 401(m),” after “of section…
(b)(12)(A) Pub. L. 100–647, § 1011(c)(12), inserted after cl. (ii) “For purposes of clause (i), a contribution shall be treated as…
(b)(12)(A) Pub. L. 100–647, § 6052(a)(1), amended last sentence generally. Prior to amendment, last sentence read as follows: “For…

§ 404 Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan

(a)(1)(D) Pub. L. 100–647, § 2005(b)(3), struck out “(without regard to any reduction by the credit balance in the funding…
(a)(1)(D) Pub. L. 100–647, § 2005(b)(1), substituted “For purposes of determining whether a plan has more than 100 participants”…
(a)(7)(A) Pub. L. 100–647, § 2005(b)(2), inserted at end “For purposes of clause (ii), if paragraph (1)(D) applies to a defined…
(a)(7)(A) Pub. L. 100–647, § 1011A(e)(4)(A), in introductory provisions, substituted “foregoing paragraphs” for “foregoing…
(a)(8)(D) Pub. L. 100–647, § 1018(t)(5), made technical correction to Pub. L. 99–514, § 1875(c)(7)(B), see 1986 Amendment note…
(h)(1)(C) Pub. L. 100–647, § 1011(f)(6), inserted “(or during the taxable year in the case of a taxable year described in…
(h)(3) Pub. L. 100–647, § 1011A(e)(4)(B), substituted “Coordination with subsection (a)(7)” for “Effect on limit on…
(k) Pub. L. 100–647, § 1011B(h)(3)(A), inserted “(whether or not allocated to participants)” after “to employer securities”…
(k) Pub. L. 100–647, § 1011B(h)(6), substituted “or as engaging in a prohibited transaction for purposes of section…
(k) Pub. L. 100–647, § 1018(t)(4)(A), substituted “evasion of taxation” for “avoidance of taxation” in fourth sentence.
(k) Pub. L. 100–647, § 1011B(h)(3)(B), inserted at end “Paragraph (2)(C) shall not apply to dividends from employer…
(l) Pub. L. 100–647, § 1011(d)(4), inserted at end “In determining the compensation of an employee, the rules of section…
(l) Pub. L. 100–647, § 1011(d)(1), inserted at end “For purposes of clause (i), (ii), or (iii) of subsection (a)(1)(A), and…

§ 404A Deduction for certain foreign deferred compensation plans

(d)(3) Pub. L. 100–647 inserted “except as provided in regulations,” after “qualified foreign plan,”.

§ 406 Employees of foreign affiliates covered by section 3121(l) agreements

(c) Pub. L. 100–647, § 1011A(b)(16), struck out “of capital gain provisions and” after “service for purposes” in heading…
(e) Pub. L. 100–647, § 1011A(b)(1)(C), redesignated pars. (2) to (4) as (1) to (3), respectively, and struck out former…

§ 407 Certain employees of domestic subsidiaries engaged in business outside the United States

(c) Pub. L. 100–647, § 1011A(b)(16), struck out “of capital gain provisions and” after “service for purposes” in heading…
(e) Pub. L. 100–647, § 1011A(b)(1)(C), redesignated pars. (2) to (4) as (1) to (3), respectively, and struck out former…

§ 408 Individual retirement accounts

(d)(2)(C) Pub. L. 100–647, § 1011(b)(1), substituted “in which the taxable year begins” for “with or within which the taxable…
(d)(3)(A) Pub. L. 100–647, § 1011A(a)(2)(A), struck out at end “Clause (ii) shall not apply during the 5-year period beginning on…
(d)(3)(E) Pub. L. 100–647, § 1018(t)(3)(D), substituted “paragraph” for “subparagraph”.
(d)(4) Pub. L. 100–647, § 1011(b)(2), substituted “Contributions” for “Excess contributions” in heading, struck out “to the…
(d)(5) Pub. L. 100–647, § 1011(b)(3), substituted “shall be computed without regard to section 219(g)” for “(after application…
(d)(7) Pub. L. 100–647, § 1011(f)(5), added par. (7).
(k)(3)(B) Pub. L. 100–647, § 1011(i)(5), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “For…
(k)(3)(C) Pub. L. 100–647, § 1011(f)(3)(C), struck out “total” before “compensation”.
(k)(6)(A) Pub. L. 100–647, § 1011(f)(1), substituted “Arrangements which qualify” for “In general” in heading and amended text…
(k)(6)(A)(iv) Pub. L. 100–647, § 1011(c)(7)(C), added cl. (iv).
(k)(6)(B) Pub. L. 100–647, § 1011(f)(2), inserted “who were eligible to participate (or would have been required to be eligible…
(k)(6)(D)(ii) Pub. L. 100–647, § 1011(f)(3)(A), substituted “(not in excess of the first $200,000)” for “(within the meaning of…
(k)(6)(F) (k)(6)(G) Pub. L. 100–647, § 1011(f)(4), added subpar. (f) and redesignated former subpar. (F) as (G).
(k)(7) Pub. L. 100–647, § 1011(f)(3)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
(k)(8) Pub. L. 100–647, § 1011(f)(3)(D), (10), substituted “paragraphs (3)(C) and (6)(D)(ii)” for “paragraph (3)(C)” and…
(m)(3) Pub. L. 100–647, § 6057(a), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “In the case of…
(o)(4)(B)(iv) Pub. L. 100–647, § 1011(b)(1), substituted “in which the taxable year begins” for “with or within which the taxable…

§ 409 Qualifications for tax credit employee stock ownership plans

(d) Pub. L. 100–647, § 1011B(j)(3), inserted “or to any distribution or reinvestment required under section 401(a)(28)”…
(e)(5) Pub. L. 100–647, § 1018(t)(4)(H), substituted “paragraph (3)” for “paragraph (2) or (3)”.
(h)(2) Pub. L. 100–647, § 1018(t)(4)(B), substituted “paragraph (1)(B)” for “section 409(o)”.
(h)(7) Pub. L. 100–647, § 1011B(j)(5), added par. (7).
(l)(4) (l)(5) Pub. L. 100–647, § 1011B(k)(3), redesignated par. (4), relating to nonvoting common stock may be acquired in certain…
(n)(1) Pub. L. 100–647, § 1011B(g)(1), made technical amendment to directory language of Pub. L. 99–514, § 1172(b)(1). See…
(n)(2)(C)(i) (n)(3)(A)(ii) Pub. L. 100–647, § 1011B(g)(2), inserted “or section 2057” after “which section 1042”.
(n)(3)(C) Pub. L. 100–647, § 1018(t)(4)(C), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “The…
(o)(1)(A) Pub. L. 100–647, § 1011B(i)(3), substituted “if the participant and, if applicable pursuant to sections 401(a)(11) and…
(o)(1)(A)(ii) Pub. L. 100–647, § 1011B(i)(1), substituted “distribution is required to begin under this clause” for “such year”.

§ 410 Minimum participation standards

(b)(4)(B) Pub. L. 100–647, § 1011(h)(1), substituted “not meeting” for “do not meet” and struck out “and” before “are covered”.
(b)(4)(C) Pub. L. 100–647, § 1011(h)(11), added subpar. (C).
(b)(6)(C)(i)(II) Pub. L. 100–647, § 3021(a)(13)(B), inserted “or such plan meets such other requirements as the Secretary may prescribe…
(b)(6)(F) (b)(6)(G) Pub. L. 100–647, § 1011(h)(2), added subpar. (F) and redesignated former subpar. (F) as (G).

§ 411 Minimum vesting standards

(a)(11)(A) Pub. L. 100–647 substituted “nonforfeitable” for “vested”.

§ 412 Minimum funding standards

§ 412 Pub. L. 100–647, § 2005(a)(2)(A), (d)(1), amended cl. (i) identically, substituting “October 29” for “October 17” and…

§ 413 Collectively bargained plans, etc.

(b)(9) Pub. L. 100–647, § 1011(h)(10), added par. (9).
(c) Pub. L. 100–647, § 6058(c), struck out at end “Allocations of amounts under paragraphs (4), (5), and (6), among the…
(c)(4) Pub. L. 100–647, § 6058(a), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “The minimum…
(c)(6) Pub. L. 100–647, § 6058(b), amended par. (6) generally. Prior to amendment, par. (6) read as follows: “Each applicable…
(c)(7) Pub. L. 100–647, § 6058(c), added par. (7).

§ 414 Definitions and special rules

(k)(2) Pub. L. 100–647, § 1011A(b)(3), inserted “72(d) (relating to treatment of employee contributions as separate…
(l) Pub. L. 100–647, § 2005(c)(1), (2), substituted “Merger” for “Mergers” in heading, designated existing provision as…
(l)(2)(G) Pub. L. 100–647, § 6067(a), added subpar. (G).
(m)(4)(A) Pub. L. 100–647, § 1011(h)(5), substituted “(16), (17), and (26)” for “and (16)”.
(m)(4) Pub. L. 100–647, § 1011B(a)(16), struck out subpars. (C) and (D) which read as follows:
(n)(3)(A) Pub. L. 100–647, § 1011(h)(5), substituted “(16), (17), and (26)” for “and (16)”.
(n)(3)(C) Pub. L. 100–647, § 3011(b)(4), as amended by Pub. L. 101–239, § 7813(b), struck out “162(i)(2), 162(k),” after “132,”…
(n)(3)(C) Pub. L. 100–647, § 1011B(a)(19), inserted “162(i)(2), 162(k),” after “132,”.
(o) Pub. L. 100–647, § 1011(e)(4), inserted “or any requirement under section 457” after “or (n)(3)”.
(p)(4)(B) Pub. L. 100–647, § 1018(t)(8)(E), substituted “means the earlier of” for “means earlier of” and struck out “in” at…
(p)(9) Pub. L. 100–647, § 1018(t)(8)(G), inserted at end “For purposes of this title, except as provided in regulations, any…
(p)(10) Pub. L. 100–647, § 1018(t)(8)(F), inserted “, 403(b),” after “section 401”.
(q)(1) Pub. L. 100–647, § 1011(i)(1), inserted at end “The Secretary shall adjust the $75,000 and $50,000 amounts under this…
(q)(1) Pub. L. 100–647, § 1011(d)(8), substituted “50” for “150” and “415(b)(1)(A)” for “415(c)(1)(A)”.
(q)(6) Pub. L. 100–647, § 1011(i)(2), added subpar. (C).
(q)(8) Pub. L. 100–647, § 1011(i)(4)(A), inserted “or the number of officers taken into account under paragraph (5)” after…
(q)(8) Pub. L. 100–647, § 1011(i)(3)(A)(ii), substituted “Except as provided by the Secretary, the employer” for “The…
(q)(8) Pub. L. 100–647, § 1011(i)(3)(A)(i), struck out subpar. (F) which read as follows: “employees who are nonresident…
(q) Pub. L. 100–647, § 1011(i)(3)(B), added par. (11).
(q) Pub. L. 100–647, § 3021(b)(1), added par. (12).
(r)(3) Pub. L. 100–647, § 3021(b)(2)(A), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The…
(s) Pub. L. 100–647, § 1011(j)(1), substituted “any applicable provision” for “this part” in introductory provisions.
(s)(1) Pub. L. 100–647, § 1011(j)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “The term…
(s)(2) (s)(3) (s)(4) Pub. L. 100–647, § 1011(j)(2), added par. (4), redesignated former pars. (3) and (4) as (2) and (3), respectively, and…
(t)(1) Pub. L. 100–647, § 1011B(a)(20), struck out “of section 414” before “shall be treated” and “shall apply with”.
(t)(2) Pub. L. 100–647, § 3011(b)(5), as amended by Pub. L. 101–239, § 7813(b), struck out “162(i)(2), 162(k),” after “132,”…
(t)(2) Pub. L. 100–647, § 1011B(a)(17), inserted “162(i)(2), 162(k),” after “132,”.

§ 415 Limitations on benefits and contribution under qualified plans

(b)(2)(H)(ii) Pub. L. 100–647, § 6059(a), substituted “15” for “20”.
(b)(5)(B) Pub. L. 100–647, § 1011(d)(6), inserted “and subsection (e)” after “paragraphs (1)(B) and (4)”.
(b)(5)(D) Pub. L. 100–647, § 1011(d)(2), substituted “subparagraph (A)” for “this paragraph”.
(b)(10) Pub. L. 100–647, § 6054(a), added par. (10).
(c)(6)(A) Pub. L. 100–647, § 1011(d)(7), substituted “paragraph (1)(A)” for “paragraph (c)(1)(A) (as adjusted for such year…
(k) Pub. L. 100–647, § 1018(t)(8)(D), repealed Pub. L. 99–514, § 1899A(13), see 1986 Amendment note below.
(k)(2)(C)(ii) Pub. L. 100–647, § 1011(d)(3)(A), substituted “to such increase” for “to the arrangement”.
(k)(2)(D) Pub. L. 100–647, § 1011(d)(3)(B), added subpar. (D) and struck out former subpar. (D) which read as follows: “An…
(l)(1) Pub. L. 100–647, § 1018(t)(3)(B), made technical correction to directory language of Pub. L. 99–514, § 1852(h)(2). See…

§ 416 Special rules for top-heavy plans

(i)(1)(A) Pub. L. 100–647, § 1011(i)(4)(B), inserted at end “For purposes of determining the number of officers taken into…
(i)(1)(A)(i) Pub. L. 100–647, § 1011(d)(8), substituted “50” for “150” and “415(b)(1)(A)” for “415(c)(1)(A)”.
(i)(1)(D) Pub. L. 100–647, § 1011(j)(3)(A), added subpar. (D).

§ 417 Definitions and special rules for purposes of minimum survivor annuity requirements

(e)(3)(A) Pub. L. 100–647 substituted “clause (ii)” for “subclause (II)” in last sentence.

§ 419 Treatment of funded welfare benefit plans

(a)(1) Pub. L. 100–647 substituted “chapter” for “subchapter”.

§ 419A Qualified asset account; limitation on additions to account

(a) Pub. L. 100–647, § 1018(u)(12), made technical amendment to directory language of Pub. L. 99–514, § 1851(a)(6)(B). See…
(f)(5) Pub. L. 100–647, § 1018(t)(2)(A), repealed Pub. L. 99–514, § 1851(a)(4). See 1986 Amendment note below.
(f)(5) Pub. L. 100–647, § 1018(t)(1)(C), substituted “account” for “accounts”.

§ 422 Incentive stock options

(b) Pub. L. 100–647, § 1003(d)(1)(A), inserted at end “Such term shall not include any option if (as of the time the option…
(b) Pub. L. 100–647, § 1003(d)(2)(B), struck out par. (7) which read as follows: “under the terms of the plan, the…
(c)(1) Pub. L. 100–647, § 1003(d)(2)(C), substituted “subsection (d)” for “paragraph (7) of subsection (b)”.
(d) Pub. L. 100–647, § 1003(d)(2)(A), added subsec. (d).

§ 424 Definitions and special rules

(c)(1) Pub. L. 100–647, § 1018(l)(2), as amended by Pub. L. 101–239, substituted “paragraphs (2), (3), and (4)” for…
(c)(4) Pub. L. 100–647, § 1018(l)(1), added par. (4).

§ 441 Period for computation of taxable income

(i)(2) Pub. L. 100–647 inserted at end “A corporation shall not be treated as a personal service corporation unless more than…

§ 444 Election of taxable year other than required taxable year

(a) Pub. L. 100–647, § 2004(e)(1)(A), substituted “as otherwise provided in this section” for “as provided in subsections…
(b)(4) Pub. L. 100–647, § 2004(e)(13), inserted “except as provided in regulations,” before “the term”.
(d)(2)(A) Pub. L. 100–647, § 2004(e)(12), inserted “or otherwise terminates such election” after “its taxable year”.
(d)(2)(B) Pub. L. 100–647, § 2004(e)(1)(C), inserted “or paragraph (3)(A)” after “under subparagraph (A)”.
(d)(3) Pub. L. 100–647, § 2004(e)(1)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “No…
(f) (g) Pub. L. 100–647, § 2004(e)(2)(A), added subsec. (f) and redesignated former subsec. (f) as (g).

§ 447 Method of accounting for corporations engaged in farming

(b) Pub. L. 100–647, § 1008(b)(5), substituted “period expenses” for “period of expenses” in heading and in text.
§ 447 Pub. L. 100–647, § 1008(b)(6), substituted “qualified farming trade or business” for “trade or business of farming” in…

§ 448 Limitation on use of cash method of accounting

(c)(3)(D) Pub. L. 100–647, § 1008(a)(9), added subpar. (D).
(d)(2) Pub. L. 100–647, § 6032(a), inserted at end “To the extent provided in regulations which shall be prescribed by the…
(d)(2)(B) Pub. L. 100–647, § 1008(a)(1)(A), substituted “(or indirectly through 1 or more partnerships, S corporations, or…
(d)(3) Pub. L. 100–647, § 1008(a)(7), inserted sentence at end relating to treatment of S corporation as tax shelter.
(d)(4)(C) Pub. L. 100–647, § 1008(a)(8), substituted “90 percent or more of” for “substantially all of”.
(d)(4)(C) Pub. L. 100–647, § 1008(a)(2), substituted “such group” for “all such members”.
(d)(8) Pub. L. 100–647, § 1008(a)(1)(B), added par. (8).

§ 451 General rule for taxable year of inclusion

(d) Pub. L. 100–647, § 6033(a), inserted “or title II of the Disaster Assistance Act of 1988,” after “the Agricultural Act…
(e) Pub. L. 100–647, § 6030(a), struck out “(other than livestock described in section 1231(b)(3))” after “exchange of…
(f) (g) Pub. L. 100–647, § 1009(d)(3), redesignated subsec. (f), relating to treatment of interest on frozen deposits in…

§ 453 Installment method

(f)(1) Pub. L. 100–647, § 1018(u)(25), substituted “subsections (g)” for “subsection (g)”.
(f)(8) Pub. L. 100–647, § 1018(u)(26), substituted “payments to be” for “payment to be”.
(g)(1) Pub. L. 100–647, § 1006(i)(2)(B), struck out “(within the meaning of section 1239(b))” after “between related persons”.
(g)(1) Pub. L. 100–647, § 1006(i)(1), added subpars. (A) to (C) and struck out former subpars. (A) and (B) which read as…
(g)(3) Pub. L. 100–647, § 1006(i)(2)(A), added par. (3).
(h)(1)(B) Pub. L. 100–647, § 1006(e)(7)(A), substituted “to 1 person in 1 transaction” for “to one person” in concluding…
(h)(1)(E) Pub. L. 100–647, § 1006(e)(7)(B), substituted “section 368(c)” for “section 368(c)(1)”.
(j) Pub. L. 100–647, § 1008(g)(1), redesignated subsec. (j), relating to current inclusion in case of revolving credit…
(k) Pub. L. 100–647, § 2004(d)(5), struck out “and section 453A” after “subsection (a)” in second sentence.
(k) Pub. L. 100–647, § 1008(g)(1), redesignated subsec. (j), relating to current inclusion in case of revolving credit…
(l)(1)(A) Pub. L. 100–647, § 2004(d)(1), inserted “of the same type” after “disposes of personal property”.

§ 453A Special rules for nondealers

§ 453A Pub. L. 100–647, § 5076(b)(1), struck out “of real property” after “rules for nondealers” in section catchline.
(b)(1) Pub. L. 100–647, § 5076(a), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “This section…
(b)(2) Pub. L. 100–647, § 2004(d)(7), inserted “and subsection (c)(4)” after “of this paragraph” in last sentence.
(b)(3) Pub. L. 100–647, § 2004(d)(8), substituted “farm property” for “personal use and farm property” in heading and amended…
(c) Pub. L. 100–647, § 1008(g)(2), substituted “453(k)” for “453(j)” in subsec. (c) as in effect on date before the date of…
(e) Pub. L. 100–647, § 2004(d)(2), added subsec. (e).

§ 453B Gain or loss on disposition of installment obligations

(h) Pub. L. 100–647 added subsec. (h).

§ 457 Deferred compensation plans of State and local governments and tax-exempt organizations

(c) Pub. L. 100–647, § 1011(e)(1), struck out “and paragraphs (2) and (3) of subsection (b)” after “of this subsection”.
(c) Pub. L. 100–647, § 6071(c), substituted “rural cooperative plan” for “rural electric cooperative plan” in last sentence.
(d)(1)(A) Pub. L. 100–647, § 1011(e)(2), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the…
(d)(2) Pub. L. 100–647, § 1011(e)(10), amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: “at least…
(d) Pub. L. 100–647, § 6064(a)(2), amended subsec. (d), as in effect on the day before the date of enactment of Pub. L.…
(d) Pub. L. 100–647, § 6064(b)(2), amended subsec. (d), as in effect on the day before the date of enactment of Pub. L.…
(e)(9) Pub. L. 100–647, § 1011(e)(9), inserted “after separation from service and” after “lump sum payable” in concluding…
(e)(11) Pub. L. 100–647, § 6064(a)(1), added par. (11).
(e)(12) Pub. L. 100–647, § 6064(b)(1), added par. (12).
(e)(13) Pub. L. 100–647, § 6064(c), added par. (13).

§ 460 Special rules for long-term contracts

(a) Pub. L. 100–647, § 5041(a)(1), substituted “90” for “70”.
(a) Pub. L. 100–647, § 5041(a)(2), substituted “10” for “30”.
(a) Pub. L. 100–647, § 5041(a)(1), substituted “90” for “70” in heading and in text.
(b)(2) Pub. L. 100–647, § 1008(c)(2)(B), substituted “Except as provided in paragraph (4), in” for “In”.
(b)(2)(B) Pub. L. 100–647, § 1008(c)(4)(B), inserted “(or, with respect to any amount received or accrued after completion of the…
(b)(3) Pub. L. 100–647, § 1008(c)(4)(A), inserted at end “For purposes of the preceding sentence, any amount received or…
(b)(3) Pub. L. 100–647, § 1008(c)(1)(A), substituted “paragraph” for “subparagraph”.
(b)(3)(B) Pub. L. 100–647, § 1008(c)(1)(B), substituted “subparagraph (A)” for “paragraph (1)” in two places.
(b)(3) Pub. L. 100–647, § 1008(c)(1)(C), substituted “subparagraph (B)” for “paragraph (1)”.
(b)(4) Pub. L. 100–647, § 1008(c)(2)(A), added par. (4).
(b)(5) Pub. L. 100–647, § 5041(d), added par. (5).
(e)(1) Pub. L. 100–647, § 5041(b)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “Subsections…
(e) Pub. L. 100–647, § 5041(b)(2), added par. (5).
(e) Pub. L. 100–647, § 5041(b)(3), added par. (6).
(h) Pub. L. 100–647, § 5041(c), added subsec. (h).

§ 461 General rule for taxable year of deduction

(h)(5) Pub. L. 100–647, § 1018(u)(5), amended Pub. L. 99–514, § 823(b)(1). See 1986 Amendment note below.
(i)(2) Pub. L. 100–647, § 1008(a)(3), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “In the case…

§ 464 Limitations on deductions for certain farming expenses

§ 464 Pub. L. 100–647 added subsec. (g).

§ 467 Certain payments for the use of property or services

(c)(5)(C) Pub. L. 100–647, § 1005(c)(10), made technical correction to directory language of Pub. L. 99–514, § 511(d)(2)(A). See…
(e)(3)(A) Pub. L. 100–647, § 1002(i)(2)(H), at end of table inserted item relating to any railroad grading or tunnel bore.

§ 468B Special rules for designated settlement funds

(b)(2) Pub. L. 100–647, § 1018(f)(4)(B), substituted “No other” for “no other” in concluding provisions.
(b)(2)(B) Pub. L. 100–647, § 1018(f)(4)(A), substituted “a corporation.” for “the corporation,”.
(d)(1)(A) Pub. L. 100–647, § 1018(f)(1), inserted “(or any related person)” after “taxpayer”.
(d)(2)(A) Pub. L. 100–647, § 1018(f)(2), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “which…
(d)(2)(E) Pub. L. 100–647, § 1018(f)(1), inserted “(or any related person)” after “taxpayer”.
(g) Pub. L. 100–647, § 1018(f)(5)(A), added subsec. (g).

§ 469 Passive activity losses and credits limited

(e)(1)(A)(ii) Pub. L. 100–647, § 1005(a)(1), inserted “not derived in the ordinary course of a trade or business which is” after…
(g)(1)(A) Pub. L. 100–647, § 1005(a)(2)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “If…
(g)(1)(C) Pub. L. 100–647, § 1005(a)(2)(B), substituted “Income from prior years” for “Coordination with section 1211” in heading…
(g)(2)(A) Pub. L. 100–647, § 1005(a)(3), substituted “paragraph (1)(A)” for “paragraph (1)” and “to losses described in paragraph…
(g)(3) Pub. L. 100–647, § 1005(a)(4), substituted “(realized or to be realized” for “realized (or to be realized)” and “is…
(h)(4) Pub. L. 100–647, § 1005(a)(5), inserted “only” before “if”.
(i)(1) Pub. L. 100–647, § 1005(a)(6), substituted “in such taxable year (and if any portion of such loss or credit arose in…
(i)(3)(D) Pub. L. 100–647, § 6009(c)(3), added cl. (ii) and redesignated former cls. (ii) and (iii) as (iii) and (iv)…
(i)(6)(C) Pub. L. 100–647, § 1005(a)(7), substituted “Except as provided in regulations, no” for “No”.
(j)(6)(A) Pub. L. 100–647, § 1005(a)(8), inserted “with respect to which a deduction has not been allowed by reason of subsection…
(j)(10) (j)(11) Pub. L. 100–647, § 1005(a)(9), added pars. (10) and (11).
(j)(12) Pub. L. 100–647, § 1005(a)(11), added par. (12).
(k)(3) Pub. L. 100–647, § 2004(g), added par. (3).
§ 469 Pub. L. 100–647, § 1005(a)(12), substituted “interest” for “interests” in heading.
§ 469 Pub. L. 100–647, § 1005(a)(12), added par. (1) and struck out former par. (1) which read as follows: “In the case of…
§ 469 Pub. L. 100–647, § 1005(a)(12), added par. (2) and struck out former par. (2) which resulted in substituting “65”…
§ 469 Pub. L. 100–647, § 1005(a)(12), added subpar. (A) and struck out former subpar. (A) which read as follows: “The portion…

§ 501 Exemption from tax on corporations, certain trusts, etc.

(c)(1) Pub. L. 100–647, § 1018(u)(15), substituted “Any” for “any”.
(c)(12)(B)(iv) Pub. L. 100–647, § 2003(a)(1), added cl. (iv).
(c)(12)(C) Pub. L. 100–647, § 2003(a)(2), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “In the…
(c)(17)(A)(ii) (c)(17)(A)(iii) (c)(18)(B) (c)(18)(C) Pub. L. 100–647, § 1018(u)(34), made technical amendments to Pub. L. 99–154, § 1114(b)(14). See 1986 Amendment note…
(c)(18)(D)(iv) Pub. L. 100–647, § 1011(c)(7)(D), added cl. (iv).
(c)(23) Pub. L. 100–647, § 1018(u)(14), substituted “Any” for “any”.
(c)(25)(A) Pub. L. 100–647, § 1016(a)(1)(A), inserted at end “For purposes of clause (iii), the term ‘real property’ shall not…
(c)(25)(C) Pub. L. 100–647, § 1016(a)(3)(B), struck out cl. (v) which read as follows: “any organization described in this…
(c)(25)(D) Pub. L. 100–647, § 1016(a)(2), substituted “A corporation or trust shall in no event be treated as described in…
(c)(25)(E) (c)(25)(F) Pub. L. 100–647, § 1016(a)(3)(A), (4), added subpars. (E) and (F).
(e)(1)(A) Pub. L. 100–647, § 6202(a), inserted “(including the purchasing of insurance on a group basis)” after “purchasing”.
(m)(3)(E) Pub. L. 100–647, § 1010(b)(4)(A), added subpar. (E).
(m)(5) Pub. L. 100–647, § 1010(b)(4)(B), added par. (5).

§ 505 Additional requirements for organizations described in paragraph (9) or (17) of section 501(c)

(a)(1) Pub. L. 100–647, § 1011B(a)(27)(C), inserted at end “This paragraph shall not apply to any organization by reason of a…
(b)(2) Pub. L. 100–647, § 1011B(a)(31)(B), substituted “there shall be” for “there may be” and “who are” for “who may be”.
(b)(7) Pub. L. 100–647, § 1011B(a)(32), added par. (7).

§ 511 Imposition of tax on unrelated business income of charitable, etc., organizations

§ 511 Pub. L. 100–647 struck out subsec. (d) which read as follows: “Tax Preferences.—

§ 512 Unrelated business taxable income

(a)(3)(E)(ii)(II) Pub. L. 100–647 substituted “subclause (I)” for “subclause (II)” and a period for comma at end.

§ 514 Unrelated debt-financed income

(c)(9)(B) Pub. L. 100–647, § 1016(a)(6), substituted “this paragraph” for “clause (vi)” in last sentence.
(c)(9)(B) Pub. L. 100–647, § 1018(u)(13)(A), amended directory language of Pub. L. 99–514, § 1878(e)(1), (3), to clarify that…
(c)(9)(E) Pub. L. 100–647, § 1016(a)(5)(A), added subpar. (E) relating to special rules for organizations described in section…
(c)(9)(E)(i) Pub. L. 100–647, § 2004(h)(2), in subsec. (c)(9)(E), relating to certain allocations permitted, redesignated subcls.…
(c)(9)(E)(iii) Pub. L. 100–647, § 2004(h)(1), in subsec. (c)(9)(E) relating to certain allocations permitted, added cl. (iii).

§ 527 Political organizations

(e)(2) Pub. L. 100–647 inserted at end “Such term includes the making of expenditures relating to an office described in the…

§ 531 Imposition of accumulated earnings tax

§ 531 Pub. L. 100–647 amended section generally. Prior to amendment, section read as follows: “In addition to other taxes…

§ 543 Personal holding company income

(a)(1)(D) Pub. L. 100–647, § 6279(a), added subpar. (D).
(c) Pub. L. 100–647, § 1010(f)(5), substituted “other than life insurance companies” for “other than life or mutual” in…

§ 582 Bad debts, losses, and gains with respect to securities held by financial institutions

(a) Pub. L. 100–647 substituted “subsections (a) and (b) of section 166” for “subsections (a), (b), and (c) of section 166”.

§ 584 Common trust funds

(h) Pub. L. 100–647 added subsec. (h).

§ 585 Reserves for losses on loans of banks

(c)(3)(A)(iii)(I) Pub. L. 100–647, § 1009(a)(2)(B), substituted “such higher percentage of such net amount as the taxpayer may elect” for…
(c)(3)(B)(ii) Pub. L. 100–647, § 1009(a)(2)(C), substituted “elects a higher percentage” for “designates an amount”.
(c)(4) Pub. L. 100–647, § 1009(a)(3), inserted at end “If the amount of the reserve referred to in subparagraph (B) as of the…
(c)(5)(C) Pub. L. 100–647, § 1009(a)(2)(A), added subpar. (C).

§ 593 Reserves for losses on loans

(b)(2)(D)(v) Pub. L. 100–647, § 1003(c)(3), added cl. (v).
(d)(4) Pub. L. 100–647, § 1006(t)(25)(B), inserted at end “For purposes of determining whether any interest in a REMIC…

§ 597 Treatment of transactions in which Federal financial assistance provided

§ 597 Pub. L. 100–647, § 4012(b)(2)(D)(i), substituted “FSLIC or FDIC” for “FSLIC” in section catchline.
(a) Pub. L. 100–647, § 4012(b)(2)(A), inserted at end “Gross income of a bank does not include any amount of money or other…
(b) Pub. L. 100–647, § 4012(b)(2)(C), substituted “association or bank” for “association”.
(c) Pub. L. 100–647, § 4012(c)(1), added subsec. (c).
(d) Pub. L. 100–647, § 4012(b)(2)(B), which directed amendment of section 597(b), as amended by section 4012(c)(1) of Pub.…

§ 616 Development expenditures

(e) Pub. L. 100–647 substituted “section 59(e)” for “section 58(i)”.

§ 617 Deduction and recapture of certain mining exploration expenditures

§ 617 Pub. L. 100–647 substituted “section 59(e)” for “section 58(i)”.

§ 643 Definitions applicable to subparts A, B, C, and D

(g)(1) Pub. L. 100–647, § 1014(d)(3)(A), struck out at end “The preceding sentence shall apply only to the extent the payments…
(g)(2) Pub. L. 100–647, § 1014(d)(3)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “An…
(g)(3) Pub. L. 100–647, § 1014(d)(4), added par. (3).

§ 672 Definitions and rules

(e) Pub. L. 100–647 amended subsec. (e) generally. Prior to amendment, subsec. (e) read as follows: “For purposes of this…

§ 673 Reversionary interests

(c) (d) Pub. L. 100–647 added subsecs. (c) and (d).

§ 674 Power to control beneficial enjoyment

(c) Pub. L. 100–647 inserted at end “For periods during which an individual is the spouse of the grantor (within the…

§ 675 Administrative powers

(3) Pub. L. 100–647 inserted at end “For periods during which an individual is the spouse of the grantor (within the…

§ 691 Recipients of income in respect of decedents

(c)(1) Pub. L. 100–647 added subpar. (C).

§ 703 Partnership computations

(b)(1) Pub. L. 100–647 substituted “subsection (b)(5)” for “subsection (b)(5) or (d)(4)”.

§ 706 Taxable years of partner and partnership

(b)(1)(B)(i) Pub. L. 100–647, § 1008(e)(1)(A), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “the taxable…
(b)(1)(B)(iii) Pub. L. 100–647, § 1008(e)(2), substituted “unless the Secretary by regulations prescribes another period” for “or such…
(b)(4) Pub. L. 100–647, § 1008(e)(1)(B), substituted “Majority interest taxable year; limitation on required changes” for…
(b)(5) Pub. L. 100–647, § 1008(e)(3), added par. (5).

§ 811 Accounting provisions

(d)(1) Pub. L. 100–647 substituted “the greater of the prevailing State assumed interest rate or applicable Federal interest…

§ 812 Definition of company’s share and policyholder’s share

(b) Pub. L. 100–647, § 2004(p)(2), substituted “In any case where neither the prevailing State assumed interest rate nor…
§ 812 Pub. L. 100–647, § 1018(h)(1), amended subsec. (e) generally. Prior to amendment, subsec. (e) read as follows: “For…

§ 816 Life insurance company defined

(g) Pub. L. 100–647, § 1010(f)(6), substituted “section 831” for “section 821 or section 831”.
(h) Pub. L. 100–647, § 2004(q)(1), substituted “section 842(b)(2)(B)(i)” for “section 842(c)(1)(A)”.

§ 817 Treatment of variable contracts

(h)(6) Pub. L. 100–647 added par. (6).

§ 818 Other definitions and special rules

(a)(6) Pub. L. 100–647, § 1011(e)(5)(A), in subpar. (A) substituted “eligible deferred compensation plan” for “eligible State…
(f)(3) Pub. L. 100–647, § 1010(k), added par. (3).

§ 831 Tax on insurance companies other than life insurance companies

(b)(2)(A) Pub. L. 100–647, § 1010(f)(1), inserted at end “The election under clause (ii) shall apply to the taxable year for…
(b)(3) Pub. L. 100–647, § 1010(f)(9), added par. (3).

§ 832 Insurance company taxable income

(b)(5)(B)(ii)(II) Pub. L. 100–647, § 1010(d)(2), inserted “(directly or indirectly)” after “attributable”.
(b)(7)(C) Pub. L. 100–647, § 1010(c)(1), substituted “insurance company taxable under section 831(a)” for “nonlife insurance…
(b)(7)(D) (b)(7)(E) Pub. L. 100–647, § 1010(c)(2), added subpars. (D) and (E).
(e)(5)(A) Pub. L. 100–647, § 1010(c)(3), struck out “and” after “preceding taxable year,”.
(e)(5)(B) Pub. L. 100–647, § 1010(c)(3), which directed amendment of subpar. (B) by substituting a comma for the period at end…
(g) Pub. L. 100–647, § 1010(d)(1), added subsec. (g).

§ 835 Election by reciprocal

(a) Pub. L. 100–647, § 1010(f)(2), substituted “section 831(a)” for “section 821(a)”.
(f) Pub. L. 100–647, § 1010(f)(3), substituted “subsection (d)” for “subsection (e)”.

§ 842 Foreign companies carrying on insurance business

(b)(3)(B) Pub. L. 100–647, § 2004(q)(2)(A), struck out “held for the production of such income” after “same companies”.
(b)(4)(B)(ii) Pub. L. 100–647, § 2004(q)(2)(B), struck out “held for the production of investment income” after “United States)”.
(d)(4) Pub. L. 100–647, § 2004(q)(3), added par. (4).

§ 846 Discounted unpaid losses defined

(f) Pub. L. 100–647, § 1010(e)(1), substituted “paid in the middle of the year” for “paid during the year”.
§ 846 Pub. L. 100–647, § 1010(e)(2), added par. (3).

§ 851 Definition of regulated investment company

(a)(1) Pub. L. 100–647, § 1006(m)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “which, at all…
(b) Pub. L. 100–647, § 1006(n)(1), (5), inserted at end “Income derived from a partnership or trust shall be treated as…
(b) Pub. L. 100–647, § 1006(n)(2)(B), substituted “which are not directly related” for “which are not ancillary” in last…
(b)(3) Pub. L. 100–647, § 1006(n)(2)(A), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “less than…
(e)(1) Pub. L. 100–647, § 1006(m)(2), substituted “a management company or a business development company described in…
(g)(2) Pub. L. 100–647, § 1006(n)(4), substituted “contractual obligation” for “contractual option”.
(h) Pub. L. 100–647, § 1006(o)(1), redesignated subsec. (q) as (h).
(h) Pub. L. 100–647, § 1006(o)(2), added par. (3).
§ 851 Pub. L. 100–647, § 1006(o)(1), redesignated subsec. (q) as (h).

§ 852 Taxation of regulated investment companies and their shareholders

(a) Pub. L. 100–647, § 1006(l)(8), inserted at end “The Secretary may waive the requirements of paragraph (1) for any…
(b)(3)(C) Pub. L. 100–647, § 1006(l)(4), substituted “net capital loss or net long-term capital loss” for “net capital loss” in…
(b)(5) Pub. L. 100–647, § 1011B(h)(4), substituted “section” for “paragraph”.
(b)(6) Pub. L. 100–647, § 1006(l)(1)(A), redesignated par. (6), relating to time certain dividends are taken into account, as…
(b)(7) Pub. L. 100–647, § 1006(l)(9), substituted “in October, November, or December” for “in December” and “in such a month”…
(b)(7) Pub. L. 100–647, § 1006(l)(1)(A), redesignated par. (6), relating to time certain dividends are taken into account, as…
(b)(8) Pub. L. 100–647, § 1006(l)(7), added par. (8).
(c)(2) Pub. L. 100–647, § 1006(l)(3), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “A regulated…
(e)(1) Pub. L. 100–647, §§ 1006(l)(10), 1018(p), amended par. (1) identically, substituting “subsection (a)(2)” for…

§ 854 Limitations applicable to dividends received from regulated investment company

(b)(3) Pub. L. 100–647 substituted “Aggregate dividends” for “Definitions” in heading and amended text generally, substituting…

§ 855 Dividends paid by regulated investment company after close of taxable year

(b) Pub. L. 100–647 substituted “section 852(b)(7)” for “section 852(b)(6)”.

§ 856 Definition of real estate investment trust

(c)(6) Pub. L. 100–647, § 1006(t)(11), struck out subpar. (D), as added by Pub. L. 99–514, § 671(b)(1), which read as follows…
(c)(6) Pub. L. 100–647, § 1006(p)(1), substituted “debt instrument (within the meaning of section 1275(a)(1))” for “debt…
(c)(6) Pub. L. 100–647, § 1006(p)(5), substituted “stock (or certificates of beneficial interests) in such trust” for “stock…
(c)(6) Pub. L. 100–647, § 1006(t)(11), added subpar. (E) and redesignated former subpar. (E) as (F).
(c)(6) Pub. L. 100–647, § 1006(p)(4)(A), added subpar. (G).
(c)(8) Pub. L. 100–647, § 1006(p)(3), added par. (8).
(d)(6)(A) Pub. L. 100–647, § 1006(q)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “If—
(f) Pub. L. 100–647, § 1006(q)(2), amended subsec. (f) generally, making changes in content and structure.

§ 857 Taxation of real estate investment trusts and their beneficiaries

(a) Pub. L. 100–647, § 1006(s)(4), inserted at end “The Secretary may waive the requirements of paragraph (1) for any…
(b)(3)(C) Pub. L. 100–647, § 1018(u)(28), as amended by Pub. L. 101–508, substituted “such net capital loss shall” for “such net…
(b)(3)(C) Pub. L. 100–647, § 1006(s)(2), substituted “the taxable income of the real estate investment trust” for “real estate…
(b)(8) Pub. L. 100–647, § 1006(s)(5), substituted “in October, November, or December” for “in December” and “in such a month”…
(e)(2)(B)(i) Pub. L. 100–647, § 1006(r), substituted “with respect to instruments” for “as original issue discount on instruments”.

§ 858 Dividends paid by real estate investment trust after close of taxable year

(b) Pub. L. 100–647, § 1018(u)(27), made technical correction to directory language of Pub. L. 99–514, see 1986 Amendment…

§ 860A Taxation of REMIC’s

(a) Pub. L. 100–647 substituted “this subtitle” for “this chapter” in two places.

§ 860C Taxation of residual interests

(b)(1) Pub. L. 100–647, § 1006(t)(21), substituted “and, except as provided in regulations, in the same manner” for “and in…
(b)(1)(E) Pub. L. 100–647, § 1006(t)(8)(C), added subpar. (E).
(e)(1) Pub. L. 100–647, § 1006(t)(1), substituted “ordinary” for “ordinary income” in heading and amended text generally.…

§ 860D REMIC defined

(a) Pub. L. 100–647, § 1006(t)(19), inserted at end “In the case of a qualified liquidation (as defined in section…
(a)(4) Pub. L. 100–647, § 1006(t)(2)(A)(i), substituted “3rd month beginning after” for “4th month ending after”.
(a)(4) Pub. L. 100–647, § 1006(t)(2)(A)(ii), substituted “and at all times thereafter” for “and each quarter ending…
(a)(6) Pub. L. 100–647, § 1006(t)(16)(A), added par. (6).

§ 860E Treatment of income in excess of daily accruals on residual interests

(a)(3) (a)(4) Pub. L. 100–647, § 1006(t)(15), added pars. (3) and (4).
(a) Pub. L. 100–647, § 1006(t)(27), added par. (5).
(c)(2)(B) Pub. L. 100–647, § 1006(t)(13), (17), substituted “issue price of the residual interest (adjusted for contributions)”…
(d) Pub. L. 100–647, § 1006(t)(23), inserted at end “Rules similar to the rules of the preceding sentence shall apply also…
(e) Pub. L. 100–647, § 1006(t)(16)(B), added subsec. (e).
(f) Pub. L. 100–647, § 1006(t)(26), added subsec. (f).

§ 860F Other rules

(a)(2)(A) Pub. L. 100–647, § 1006(t)(3)(B)(i), struck out at end “Notwithstanding the preceding sentence, the term ‘prohibited…
(a)(2)(A)(i) Pub. L. 100–647, § 1006(t)(3)(A), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “the…
(a)(2)(A)(iii) Pub. L. 100–647, § 1006(t)(22)(B), (C), substituted “REMIC” for “real estate mortgage pool”.
(a)(2)(D) Pub. L. 100–647, § 1006(t)(3)(C), struck out “described in subsection (b)” before period at end.
(a)(5) Pub. L. 100–647, § 1006(t)(3)(B)(ii), added par. (5).
(b)(1)(A) Pub. L. 100–647, § 1006(t)(4), substituted “the transfer of any property to a REMIC in exchange for regular or residual…
(b)(1)(C)(ii) Pub. L. 100–647, § 1006(t)(22)(D), substituted “REMIC” for “real estate mortgage pool”.
(b)(1)(D)(ii) Pub. L. 100–647, § 1006(t)(14), (22)(E), amended cl. (ii) identically, substituting “REMIC” for “real estate mortgage…
(e) Pub. L. 100–647, § 1006(t)(18)(A), inserted at end “Such return shall be filed by the REMIC. The determination of who…

§ 860G Other definitions and special rules

(a)(1) Pub. L. 100–647, § 1006(t)(5)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “The term…
(a)(2) Pub. L. 100–647, § 1006(t)(5)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term…
(a)(3) Pub. L. 100–647, § 1006(t)(6)(B), inserted at end “For purposes of this subparagraph, any obligation secured by stock…
(a)(3)(A) Pub. L. 100–647, § 1006(t)(6)(A), struck out “directly or indirectly,”.
(a)(3)(A)(i) Pub. L. 100–647, § 1006(t)(5)(C)(i), substituted “on the startup day in exchange for regular or residual interests in…
(a)(3)(A)(ii) Pub. L. 100–647, § 1006(t)(5)(C)(ii), inserted before comma at end “if, except as provided in regulations, such…
(a)(3)(C) Pub. L. 100–647, § 1006(t)(5)(C)(iii), substituted “on the startup day in exchange for regular or residual interests in…
(a)(4)(A) Pub. L. 100–647, § 1006(t)(5)(D), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows…
(a)(7)(B) Pub. L. 100–647, § 1006(t)(7), inserted before period at end of first sentence “or lower than expected returns on cash…
(a)(8) Pub. L. 100–647, § 1006(t)(8)(A), substituted “section 856(e) (without regard to paragraph (5) thereof)” for “section…
(a)(9) Pub. L. 100–647, § 1006(t)(5)(E), amended par. (9) generally. Prior to amendment, par. (9) read as follows: “The term…
(c) Pub. L. 100–647, § 1006(t)(8)(B), added subsec. (c). Former subsec. (c) redesignated (d).
(d) Pub. L. 100–647, § 1006(t)(9)(A), added subsec. (d). Former subsec. (d) redesignated (e).
(d) Pub. L. 100–647, § 1006(t)(8)(B), redesignated former subsec. (c) as (d).
(e) Pub. L. 100–647, § 1006(t)(9)(A), redesignated former subsec. (d) as (e).
(e)(4) (e)(5) Pub. L. 100–647, § 1006(t)(10), added pars. (4) and (5).

§ 861 Income from sources within the United States

(a)(2)(B) Pub. L. 100–647, § 1012(q)(7), substituted “other than income described in section 884(d)(2)” for “other than under…
(a)(2)(C) Pub. L. 100–647, § 1012(q)(15), substituted “section 243(e)” for “section 243(d)”.
(a)(6) Pub. L. 100–647, § 1018(u)(39), substituted “inventory property” for “personal property” in heading.
(a)(7) Pub. L. 100–647, § 1012(i)(10), amended par. (7) generally. Prior to amendment, par. (7) read as follows: “Amounts…
(c) Pub. L. 100–647, § 1012(g)(3), inserted “or, in the case of a corporation, is attributable to income so derived by a…
(c) Pub. L. 100–647, § 1012(i)(14)(B), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “such…
§ 861 Pub. L. 100–647, § 1012(g)(9), added subsec. (f).

§ 862 Income from sources without the United States

§ 862 Pub. L. 100–647 repealed subsec. (c) which read as follows:

§ 863 Special rules for determining source

§ 863 Pub. L. 100–647, § 1012(e)(3)(A), substituted “Special rules for determining source” for “Item not specified in section…
(e)(2) Pub. L. 100–647, § 1012(f), substituted “foreign country (or possession of the United States)” for “foreign country” in…

§ 864 Definitions and special rules

(b)(2)(A)(ii) Pub. L. 100–647, § 1012(p)(30), substituted “section 542(c)(7), 542(c)(10),” for “section 542(c)(7)”.
(c)(2) Pub. L. 100–647, § 1012(g)(5), struck out at end “In applying this paragraph and paragraph (4), interest referred to in…
(c)(4)(B)(i) (c)(4)(B)(ii) Pub. L. 100–647, § 1012(d)(10), struck out “(including any gain or loss realized on the sale or exchange of such…
(c)(4)(B)(iii) Pub. L. 100–647, § 1012(d)(7), added cl. (iii).
(c)(6) Pub. L. 100–647, § 1012(r)(2), amended par. (6) generally. Prior to amendment, par. (6) read as follows: “For purposes…
(c)(7) Pub. L. 100–647, § 1012(r)(1), amended par. (7) generally. Prior to amendment, par. (7) read as follows: “For purposes…
(d)(5)(A) Pub. L. 100–647, § 1012(a)(1)(B), substituted “(C)(iii)(III)” for “(C)(iii)”.
(e) Pub. L. 100–647, § 1012(h)(6)(B), struck out “(except as provided in regulations)” after “subchapter”.
(e)(1) Pub. L. 100–647, § 1012(h)(2)(A), struck out “from sources outside the United States” after “affiliated group”.
(e)(3) Pub. L. 100–647, § 1012(h)(3), inserted sentence at end and struck out former last sentence which read as follows: “A…
(e)(4) Pub. L. 100–647, § 1012(h)(1), substituted “nonaffiliated 10-percent owned corporations” for “certain corporations” in…
(e)(5)(B) Pub. L. 100–647, § 1012(h)(4)(B), inserted at end “This subparagraph shall not apply for purposes of paragraph (6).”
(e)(5)(D) Pub. L. 100–647, § 1012(h)(4)(A), added subpar. (D).
(e)(6) Pub. L. 100–647, § 1012(h)(5), substituted “directly allocable or apportioned” for “directly allocable and apportioned”.
(e)(7)(D) (e)(7)(E) (e)(7)(F) Pub. L. 100–647, § 1012(h)(6)(A), added subpars. (D) to (F).

§ 865 Source rules for personal property sales

(d)(2) Pub. L. 100–647, § 1012(d)(12), inserted “franchise,” after “trade brand,”.
(d)(4) Pub. L. 100–647, § 1012(d)(1), added par. (4).
(e)(1)(A) Pub. L. 100–647, § 1012(d)(2), (9), substituted “(d)(1)(B) or (3)” for “(d)” and “in a foreign country” for first…
(e)(2)(B) Pub. L. 100–647, § 1012(d)(5), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…
(f) Pub. L. 100–647, § 1012(d)(4), amended subsec. (f) generally. Prior to amendment, subsec. (f) read as follows: “If—
(g)(1)(A)(i) Pub. L. 100–647, § 1012(d)(11), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “any individual…
(g)(1)(A)(ii) Pub. L. 100–647, § 1012(d)(3)(A), struck out “partnership,” after “corporation,”.
(g)(3) Pub. L. 100–647, § 1012(d)(6)(A), added par. (3).
(h) Pub. L. 100–647, § 1012(d)(8), added subsec. (h) and redesignated former subsec. (h) as (i).
(h) Pub. L. 100–647, § 1012(d)(3)(B), added par. (5) to subsec. (h) prior to redesignation as subsec. (i).
(i) Pub. L. 100–647, § 1012(d)(8), redesignated former subsec. (h) as (i). Former subsec. (i) redesignated (j).
(i) Pub. L. 100–647, § 1012(d)(6)(B), added par. (3) to subsec. (i) prior to redesignation as subsec. (j).
(i)(5) Pub. L. 100–647, § 1012(d)(3)(B), added par. (5) to subsec. (h) prior to redesignation as subsec. (i).
(j) Pub. L. 100–647, § 1012(d)(8), redesignated former subsec. (i) as (j). Former subsec. (j) redesignated (k).
(j)(3) Pub. L. 100–647, § 1012(d)(6)(B), added par. (3) to subsec. (i) prior to redesignation as subsec. (j).
(k) Pub. L. 100–647, § 1012(d)(8), redesignated former subsec. (j) as (k).

§ 871 Tax on nonresident alien individuals

(c) Pub. L. 100–647, § 1001(d)(2)(B), substituted “the second sentence of section 1441(b)” for “section 1441(b)(1) or (2)”…
(j) (k) Pub. L. 100–647, § 6134(a)(1), added subsec. (j) and redesignated former subsec. (j) as (k).

§ 872 Gross income

(a) Pub. L. 100–647, § 1012(s)(2)(A), inserted “, except where the context clearly indicates otherwise” after “individual”.
(b)(1) (b)(2) Pub. L. 100–647, § 1012(e)(2)(B), (5), substituted “to individual residents of the United States” for “to citizens of…

§ 881 Tax on income of foreign corporations not connected with United States business

(c)(4) Pub. L. 100–647 added cls. (ii) and (iii) and struck out former cls. (ii) to (v), which read as follows:

§ 882 Tax on income of foreign corporations connected with United States business

(a)(1) Pub. L. 100–647, § 2001(c)(2), inserted reference to section 59A.
(b) Pub. L. 100–647, § 1012(s)(2)(B), inserted “, except where the context clearly indicates otherwise” after “foreign…
(e) Pub. L. 100–647, § 6133(a), substituted “interest on obligations of the United States which is not portfolio interest…

§ 883 Exclusions from gross income

(a)(1) (a)(2) Pub. L. 100–647, § 1012(e)(2)(A), (5), struck out “to citizens of the United States and” after “exemption” and…
(c)(1) Pub. L. 100–647, § 1012(e)(1)(B), substituted “Paragraph (1) or (2) of subsection (a) (as the case may be)” for…
(c)(3) Pub. L. 100–647, § 1012(e)(1)(A), substituted “Special rules” for “Exception” in heading and amended text generally.…

§ 884 Branch profits tax

(b)(2)(B) Pub. L. 100–647, § 1012(q)(1)(A), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
(d)(2)(E) Pub. L. 100–647, § 6133(b), added subpar. (E).
(e)(1) Pub. L. 100–647, § 1012(q)(2)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “No income…
(e)(3) Pub. L. 100–647, § 1012(q)(2)(B), substituted “withholding tax” for “2nd tier withholding tax” in heading and amended…
(e)(4)(A)(i) (e)(4)(A)(ii) Pub. L. 100–647, § 1012(q)(5), substituted “50 percent or more” for “more than 50 percent” in cl. (i) and “citizens or…
(e)(4)(C) (e)(4)(D) Pub. L. 100–647, § 1012(q)(4), added subpar. (C) and redesignated former subpar. (C) as (D).
(e)(5) Pub. L. 100–647, § 1012(q)(6), added par. (5).
(f)(1) Pub. L. 100–647, § 1012(f)(3)(A), (14), substituted “this subtitle” for “sections 871, 881, 1441, and 1442” and…
(f)(1) Pub. L. 100–647, § 1012(q)(2)(C)(i), (3)(B), inserted sentence at end and struck out former last sentence which read as…
(f)(3) Pub. L. 100–647, § 1012(q)(2)(C)(ii), added par. (3).

§ 887 Imposition of tax on gross transportation income of nonresident aliens and foreign corporations

(b)(1) Pub. L. 100–647 substituted “under section 863(c)(2)” for “under section 863(c)” and inserted at end “To the extent…

§ 892 Income of foreign governments and of international organizations

(a)(2)(A) Pub. L. 100–647, § 1012(t)(1), (2), as amended by Pub. L. 101–508, amended cl. (ii) generally and added cl. (iii).…
(a)(3) Pub. L. 100–647, § 1012(t)(3), added par. (3).

§ 893 Compensation of employees of foreign governments or international organizations

(c) Pub. L. 100–647 added subsec. (c).

§ 894 Income affected by treaty

(a) Pub. L. 100–647 substituted “Treaty provisions” for “Income affected by treaty” in heading and amended text generally.…

§ 897 Disposition of investment in United States real property

(l) Pub. L. 100–647 struck out subsec. (l) which provided special rule for certain United States shareholders of…

§ 901 Taxes of foreign countries and of possessions of United States

(g)(2) Pub. L. 100–647, § 1012(j), inserted “(as in effect on the day before the date of the enactment of the Tax Reform Act…
(j)(3) Pub. L. 100–647, § 2003(c)(1), inserted “, etc.” at end of heading and substituted “Sections 275 and 78” for “Section…

§ 903 Credit for taxes in lieu of income, etc., taxes

§ 903 Pub. L. 100–647 substituted “this part” for “this subpart”.

§ 904 Limitation on credit

(b)(2) Pub. L. 100–647, § 1003(b)(2)(A), amended par. (2) generally, substituting general provisions and provisions setting…
(b)(3)(D) Pub. L. 100–647, § 1003(b)(2)(B), added subpar. (D) and struck out former subpar. (D), Rate differential portion, which…
(b)(3)(D) Pub. L. 100–647, § 2004(l), substituted “section 11(b)(1)” for “section 11(b)”.
(b)(3)(E) Pub. L. 100–647, § 1003(b)(2)(B), added subpar. (E).
(d)(1) Pub. L. 100–647, § 1012(a)(11), inserted “in the case of a corporation,” before “dividends”.
(d)(2)(A)(ii) Pub. L. 100–647, § 1012(a)(6)(A), (p)(29)(A), substituted “Except as provided in clause (iii), the term” for “The term”…
(d)(2)(A) Pub. L. 100–647, § 1012(a)(6)(B), added cl. (iv).
(d)(2)(B)(iii) Pub. L. 100–647, § 1012(a)(8), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “The…
(d)(2)(C) Pub. L. 100–647, § 1012(a)(1)(A), amended subpar. (C) generally, revising and restating as cls. (i) to (iii) provisions…
(d)(2)(D) Pub. L. 100–647, § 1012(a)(2), provided for exclusion from term “shipping income” any dividend from a noncontrolled…
(d)(2)(E)(i) Pub. L. 100–647, § 1012(a)(10), inserted “and except as provided in regulations, the taxpayer was a United States…
(d)(2)(E) Pub. L. 100–647, § 1012(p)(29)(B), added cl. (iii).
(d)(2)(I) Pub. L. 100–647, § 1012(a)(9), substituted “except that—” for “except to the extent that—”, added subcls. (I) to (III)…
(d)(3)(E) Pub. L. 100–647, § 1012(a)(4), inserted first sentence, struck out former first sentence which read “If a controlled…
(d)(3)(F) Pub. L. 100–647, § 1012(a)(7), amended subpar. (F) generally. Prior to amendment, subpar. (F) read as follows: “For…
(d)(3)(H) Pub. L. 100–647, § 1012(a)(3), added subpar. (H).
(d)(3) Pub. L. 100–647, § 1012(p)(11), added subpar. (I).
(f)(5)(F) Pub. L. 100–647, § 1012(c), added subpar. (F).
(g) Pub. L. 100–647, § 1012(q)(12), substituted “861(a)(1)(A)” for “861(a)(1)(B)”.
(g) Pub. L. 100–647, § 1012(bb)(4)(A), added par. (10) and redesignated former par. (10) as (11).

§ 906 Nonresident alien individuals and foreign corporations

(b)(6) (b) Pub. L. 100–647 redesignated par. (6), relating to credit against tax imposed by section 884, as (7).

§ 907 Special rules in case of foreign oil and gas income

(c)(3) Pub. L. 100–647, § 1012(g)(6)(B), struck out “and dividends described in subparagraph (B)” after “described in…
(c)(3)(B) (c)(3)(C) (c)(3) Pub. L. 100–647, § 1012(g)(6)(A), redesignated subpars. (C) and (D) as (B) and (C), respectively, and struck out former…

§ 912 Exemption for certain allowances

(2) Pub. L. 100–647 inserted “(or in the case of judicial officers or employees of the United States, in accordance with…

§ 932 Coordination of United States and Virgin Islands income taxes

(c)(2) Pub. L. 100–647, § 1012(w)(3), substituted “an income tax return” for “his income tax return”.
(c)(4) Pub. L. 100–647, § 1012(w)(2), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “In the case…
(e) Pub. L. 100–647, § 1012(w)(1), substituted current heading for “Section not to apply to tax imposed in Virgin Islands”…

§ 951 Amounts included in gross income of United States shareholders

(b) Pub. L. 100–647 substituted “section 957(c)” for “section 957(d)”.

§ 952 Subpart F income defined

(c)(1)(B)(ii) Pub. L. 100–647, § 1012(i)(24), inserted at end “In determining the deficit attributable to qualified activities…
(c)(1)(B)(iii)(III) (c)(1)(B)(iii)(IV) (c)(1)(B)(iii) Pub. L. 100–647, § 1012(i)(22), (23), added subcls. (III) and (IV), redesignated former subcl. (III) as (V) and…
(c)(1)(B)(vii) Pub. L. 100–647, § 6131(a), added cl. (vii).
(c)(1)(C) Pub. L. 100–647, § 1012(i)(25)(A), added subpar. (C).
(c)(3) Pub. L. 100–647, § 1012(i)(16), added par. (3).

§ 953 Insurance income

(b)(1) Pub. L. 100–647, § 1012(i)(7)(A), redesignated par. (2) as (1) and struck out former par. (1) which read as follows: “A…
(b)(1)(A) Pub. L. 100–647, § 1012(i)(7)(B), added subpar. (A) and struck out former subpar. (A) which read as follows: “The…
(b)(2) (b)(3) (b)(4) Pub. L. 100–647, § 1012(i)(7)(A), (C), redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out…
(c)(1)(C) Pub. L. 100–647, § 1012(i)(2)(A), added subpar. (C).
(c)(2) Pub. L. 100–647, § 1012(i)(3)(A), (4)(B), (5), substituted “insurance income (within the meaning of subsection (a))…
(c)(3)(A) Pub. L. 100–647, § 1012(i)(3)(B), (4)(B), substituted “persons who are (directly or indirectly) insured” for “persons…
(c)(3)(B) Pub. L. 100–647, § 1012(i)(8), substituted “related person insurance income (determined on a gross basis)” for “related…
(c)(3)(C) Pub. L. 100–647, § 1012(i)(1)(A), (9), substituted “all benefits (other than with respect to section 884)” for “all…
(c)(3)(D)(i) Pub. L. 100–647, § 1012(i)(1)(B), substituted “Period during which election in effect” for “Election irrevocable” in…
(c)(3)(E) Pub. L. 100–647, § 1012(i)(1)(C), added subpar. (E).
(c)(5) Pub. L. 100–647, § 1012(i)(2)(B), added par. (5) and redesignated former par. (5) as (6).
(c)(6) Pub. L. 100–647, § 1012(i)(4)(A), added par. (6) and redesignated former par. (6) as (7).
(c)(6) Pub. L. 100–647, § 1012(i)(2)(B), redesignated former par. (5) as (6).
(c)(7) Pub. L. 100–647, § 1012(i)(21), added par. (7) and struck out former par. (7) “Regulations”, which read as follows…
(c)(7) Pub. L. 100–647, § 1012(i)(4)(A), redesignated former par. (6) as (7).
(c)(8) Pub. L. 100–647, § 1012(i)(21), added par. (8).
(d) Pub. L. 100–647, § 6135(a), added subsec. (d).

§ 954 Foreign base company income

(b) Pub. L. 100–647, § 1012(i)(12), struck out “(determined without regard to the exclusion under paragraph (2) of this…
(c)(1)(B) Pub. L. 100–647, § 1012(i)(18), (20), added cl. (ii), redesignated former cl. (ii) as (iii), added closing provisions…
(c)(3)(B) Pub. L. 100–647, § 1012(i)(25)(B), inserted before period at end “or creates (or increases) a deficit which under…
(d)(3) Pub. L. 100–647, § 1012(i)(14)(A), substituted “more than 50 percent” for “50 percent or more” in last two sentences.
(e) Pub. L. 100–647, § 1018(u)(38), related to execution of amendment by Pub. L. 99–514, § 1221(b)(3)(B), see 1986…

§ 959 Exclusion from gross income of previously taxed earnings and profits

(e) Pub. L. 100–647 substituted “such person (or, in any case to which section 1248(e) applies, of the domestic corporation…

§ 962 Election by individuals to be subject to tax at corporate rates

(a)(1) Pub. L. 100–647 substituted “sections 1 and 55” and “sections 11 and 55” for “section 1” and “section 11”, respectively.

§ 964 Miscellaneous provisions

(d) Pub. L. 100–647 added subsec. (d).

§ 986 Determination of foreign taxes and foreign corporation’s earnings and profits

§ 986 Pub. L. 100–647 substituted “foreign taxes and foreign corporation’s earnings and profits” for “foreign corporation’s…

§ 987 Branch transactions

§ 987 Pub. L. 100–647 struck out par. (4) which provided for translation of foreign income taxes paid by each qualified…

§ 988 Treatment of certain foreign currency transactions

(a)(3)(B)(i) Pub. L. 100–647, § 1012(v)(8), inserted at end “If an individual does not have a tax home (as so defined), the…
(a)(3)(B)(iii) Pub. L. 100–647, § 1012(v)(7), added cl. (iii).
(b)(3) Pub. L. 100–647, § 1012(v)(3)(A), added par. (3).
(c)(1)(B)(iii) Pub. L. 100–647, § 6130(a), struck out “unless such instrument would be marked to market under section 1256 if held on…
(c)(1)(B)(iii) Pub. L. 100–647, § 1012(v)(6), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “Entering…
(c)(1)(C)(i)(II) Pub. L. 100–647, § 1012(v)(3)(B), amended subcl. (II) generally. Prior to amendment, subcl. (II) read as follows: “for…
(c)(1)(D) (c)(1)(E) Pub. L. 100–647, § 6130(b), added subpars. (D) and (E).
(c)(2) Pub. L. 100–647, § 1012(v)(3)(C), struck out subpar. (C) which defined “booking date” in the case of a transaction…
(c)(3) Pub. L. 100–647, § 1012(v)(3)(D), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The term…
(c)(5) Pub. L. 100–647, § 1012(v)(2)(A), added par. (5).
(d)(1) Pub. L. 100–647, § 1012(v)(4), substituted “this subtitle” for “this section”.

§ 989 Other definitions and special rules

(b) Pub. L. 100–647 substituted in par. (3) “section 951(a)(1)(A)” for “section 951(a)” and inserted at end “For purposes…

§ 995 Taxation of DISC income to shareholders

(c)(1) Pub. L. 100–647, § 1006(e)(15), struck out subpar. (C) and last sentence which read as follows:
(g) Pub. L. 100–647, § 1012(bb)(6)(A), added subsec. (g).

§ 1016 Adjustments to basis

(a)(5) Pub. L. 100–647, § 1006(j)(1)(B), inserted “(or the amount applied to reduce interest payments under section…
(a)(21) (a)(22) (a)(23) (a)(24) (a)(25) (a)(26) Pub. L. 100–647, § 1018(u)(22), added pars. (21) to (24) and struck out former pars. (23) to (26) which read as follows:

§ 1017 Discharge of indebtedness

(b)(4) Pub. L. 100–647 substituted “Special rules for” for “Ordering rule in the case of” in heading, and amended text…

§ 1041 Transfers of property between spouses or incident to divorce

(d) Pub. L. 100–647 substituted “Subsection (a)” for “Paragraph (1) of subsection (a)” and “the spouse (or former spouse)”…

§ 1042 Sales of stock to employee stock ownership plans or certain cooperatives

(b)(3) (b)(4) Pub. L. 100–647, § 1018(t)(4)(F), made technical correction to Pub. L. 99–514, § 1854(a)(3)(B), see 1986 Amendment…
(c)(4)(A) Pub. L. 100–647, § 1018(t)(4)(D), inserted “(as in effect immediately before the Tax Reform Act of 1986)” after…
(c)(4)(B)(i) Pub. L. 100–647, § 1018(t)(4)(E), substituted “replacement period” for “placement period”.

§ 1059 Corporate shareholder’s basis in stock reduced by nontaxed portion of extraordinary dividends

(d)(5) Pub. L. 100–647, § 1006(c)(2), inserted “amount or” after “agrees to the”.
(d)(5) Pub. L. 100–647, § 1006(c)(1), redesignated par. (6) as (5) and struck out former par. (5) which related to extension…
(d)(6) Pub. L. 100–647, § 1006(c)(3), amended par. (6) generally. Prior to amendment, par. (6) read as follows: “Subsection…
(d)(6) Pub. L. 100–647, § 1006(c)(1), redesignated par. (7) as (6). Former par. (6) redesignated (5).
(d) Pub. L. 100–647, § 1006(c)(1), redesignated par. (7) as (6).
(e)(1) Pub. L. 100–647, § 1006(c)(4), substituted “to which paragraphs (1) and (2) of subsection (a) apply without regard to…
(e)(2) Pub. L. 100–647, § 1006(c)(5), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Except as…
(e)(3)(A) Pub. L. 100–647, § 1006(c)(6), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “A…
(e)(3)(B) Pub. L. 100–647, § 1006(c)(8)(A), which directed the amendment of subpar. (B) “by striking out ‘subparagraph (A)’ and…
(e)(3)(B)(ii) Pub. L. 100–647, § 1006(c)(8)(B), substituted “clause (i)(II)” for “subparagraph (B)(i)(II)”.
(e)(3)(C)(i) Pub. L. 100–647, § 1006(c)(7), inserted “fixed” before “dividend payable” in introductory provisions and inserted at…
(f) Pub. L. 100–647, § 1006(c)(9), inserted “and in the case of stock held by pass-thru entities” after “other similar…

§ 1060 Special allocation rules for certain asset acquisitions

(b)(3) Pub. L. 100–647, § 1006(h)(1), substituted “deems” for “may find”.
(d) Pub. L. 100–647, § 1006(h)(2), added subsec. (d).
(e) Pub. L. 100–647, § 1006(h)(3)(B), added subsec. (e).

§ 1091 Loss from wash sales of stock or securities

(a) Pub. L. 100–647 inserted sentence at end defining “stock or securities”.

§ 1092 Straddles

(b)(2)(D) Pub. L. 100–647 added subpar. (D).

§ 1212 Capital loss carrybacks and carryovers

(b)(2) Pub. L. 100–647 substituted “Treatment of amounts allowed under section 1211(b)(1) or (2)” for “Special rule” as…

§ 1223 Holding period of property

(14) Pub. L. 100–647 amended par. (14) generally, substituting “reference” for “references” in heading, striking out “(A)”…

§ 1245 Gain from dispositions of certain depreciable property

(a)(3)(F) Pub. L. 100–647 added subpar. (F).

§ 1248 Gain from certain sales or exchanges of stock in certain foreign corporations

(d)(2) Pub. L. 100–647, § 1006(e)(14)(A), struck out par. (2) which related to gain realized from sale or exchange of property…
(d) Pub. L. 100–647, § 1012(p)(19), added par. (7).
(f) Pub. L. 100–647, § 1006(e)(14)(E), substituted “nonrecognition” for “section 311, 336, or 337” in heading.
(f)(1) Pub. L. 100–647, § 1006(e)(14)(C), struck out “, sale, or exchange” after “(h), a distribution” in last sentence.
(f)(1)(B) Pub. L. 100–647, § 1006(e)(14)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…
(f)(3) (f) Pub. L. 100–647, § 1006(e)(14)(D), redesignated par. (4) as (3) and struck out former par. (3) which related to…

§ 1250 Gain from dispositions of certain depreciable realty

(d) Pub. L. 100–647 struck out par. (11) which related to section 1245 recovery property.

§ 1254 Gain from disposition of interest in oil, gas, geothermal, or other mineral properties

(a)(4) Pub. L. 100–647 added par. (4).

§ 1255 Gain from disposition of section 126 property

(b)(2) Pub. L. 100–647 amended Pub. L. 99–514, § 511(d)(2)(A), see 1986 Amendment note below.

§ 1271 Treatment of amounts received on retirement or sale or exchange of debt instruments

(a)(2)(A)(ii) Pub. L. 100–647 substituted “subsection (a)(7)” for “subsection (a)(6)”.

§ 1275 Other definitions and special rules

(a)(4) Pub. L. 100–647 substituted “subsection (a)(7)” for “subsection (a)(6)”.

§ 1276 Disposition gain representing accrued market discount treated as ordinary income

(b)(3) Pub. L. 100–647 designated paragraph relating to special rule where there are partial principal payments as par. (3)…

§ 1277 Deferral of interest deduction allocable to accrued market discount

(c) Pub. L. 100–647 inserted a closing parenthesis after “section 585(a)(2)”.

§ 1278 Definitions and special rules

(a)(4)(B) Pub. L. 100–647, § 1006(u)(2), substituted “section 1272(a)(7)” for “section 1272(a)(6)”.
(b)(4) Pub. L. 100–647, § 1018(c)(3), added par. (4).
(c) Pub. L. 100–647, § 1018(c)(2), inserted before period at end “, including regulations providing proper adjustments in…

§ 1286 Tax treatment of stripped bonds

(d) Pub. L. 100–647 amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “In the case of any…

§ 1288 Treatment of original issue discount on tax-exempt obligations

(a) Pub. L. 100–647 substituted “paragraph (7)” for “paragraph (6)” in pars. (1) and (2).

§ 1291 Interest on tax deferral

(a)(1)(B)(ii) Pub. L. 100–647, § 1012(p)(12), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “any period…
(a)(3)(A) Pub. L. 100–647, § 1012(p)(14), substituted “for purposes of applying this section to” for “in the case of”.
(a) Pub. L. 100–647, § 1012(p)(7)(A), struck out par. (4) which related to coordination with section 904, and par. (5)…
(b)(2)(A) Pub. L. 100–647, § 1012(p)(13), inserted at end “For purposes of clause (ii), any excess distribution received during…
(b)(3)(F) Pub. L. 100–647, § 1012(p)(3), added subpar. (F).
(b)(3)(G) Pub. L. 100–647, § 1012(p)(33), added subpar. (G).
(c)(1) Pub. L. 100–647, § 1012(p)(31), inserted at end “Any increase in the tax imposed by this chapter for the current year…
(d)(1) Pub. L. 100–647, § 6127(b)(1), inserted “with respect to the taxpayer” after “qualified electing fund”.
(d)(1) Pub. L. 100–647, § 1012(p)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “This section…
(d)(2)(A)(i) Pub. L. 100–647, § 6127(b)(2), inserted “with respect to the taxpayer” after “qualified electing fund”.
(d)(2)(B) Pub. L. 100–647, § 1012(p)(28), added subpar. (B) and struck out former subpar. (B) which related to adjustments to…
(d)(2)(B)(i)(I) Pub. L. 100–647, § 6127(b)(2), inserted “with respect to the taxpayer” after “qualified electing fund”.
(d)(2)(C) Pub. L. 100–647, § 1012(p)(28), added subpar. (C).
(e) Pub. L. 100–647, § 1012(p)(6)(B), substituted “Except to the extent inconsistent with the regulations prescribed under…
(e)(2) Pub. L. 100–647, § 1012(p)(9), struck out “not” before “a nonresident”.
(f) Pub. L. 100–647, § 1012(p)(6)(A), amended subsec. (f) generally. Prior to amendment, subsec. (f), “Nonrecognition…
(g) Pub. L. 100–647, § 1012(p)(7)(B), added subsec. (g).

§ 1293 Current taxation of income from qualified electing funds

(b) Pub. L. 100–647, § 1012(p)(15), inserted at end “To the extent provided in regulations, if the fund establishes to the…
(c) Pub. L. 100–647, § 1012(p)(23), inserted “, for purposes of this chapter,” after “shall be treated”, and “; except that…
(e)(3) Pub. L. 100–647, § 1012(p)(18), added par. (3).
(g) Pub. L. 100–647, § 1012(p)(32), added subsec. (g).

§ 1294 Election to extend time for payment of tax on undistributed earnings

(c)(2) Pub. L. 100–647, § 1012(p)(4), (34), substituted “Transfers” for “Dispositions” in heading and “is transferred” for “is…
(f) Pub. L. 100–647, § 1012(p)(25), added subsec. (f).
(g) Pub. L. 100–647, § 1012(p)(8), added subsec. (g).

§ 1295 Qualified electing fund

(a) Pub. L. 100–647, § 6127(a), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “For…
(b) Pub. L. 100–647, § 6127(a), amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows:
(b) Pub. L. 100–647, § 1012(p)(37)(A), inserted sentence at end of par. (2) permitting a later election when a company…

§ 1297 Passive foreign investment company

(a) Pub. L. 100–647, § 1018(u)(40), inserted a comma after “subpart”.
(a) Pub. L. 100–647, § 1012(p)(27), inserted at end “A foreign corporation may elect to have the determination under…
(b)(1) Pub. L. 100–647, § 1012(p)(5), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “Except as…
(b)(2) Pub. L. 100–647, § 1012(p)(26), substituted “Exceptions” for “Exception for certain banks and insurance companies” in…
(b)(2)(B) Pub. L. 100–647, § 1012(p)(16), inserted “is predominantly engaged in an insurance business and which” after “a…
(b)(2)(C) Pub. L. 100–647, § 1012(p)(26)(A), added subpar. (C).
(c) Pub. L. 100–647, § 1012(p)(2), inserted “(directly or indirectly)” after “foreign corporation owns”.

§ 1298 Special rules

(a)(4) Pub. L. 100–647, § 1012(p)(10)(A), added par. (4). Former par. (4) redesignated (5).
(a)(5) Pub. L. 100–647, § 1012(p)(10), redesignated par. (4) as (5) and substituted “paragraph (2), (3), or (4)” for…
(b)(1) Pub. L. 100–647, § 1012(p)(36), substituted “investment company which” for “investment corporation which”.
(b)(3)(A) Pub. L. 100–647, § 1012(p)(22), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “such…
(b)(5) Pub. L. 100–647, § 1012(p)(17), substituted “part where held” for “section where stock held” in heading, and amended…
(b)(6) Pub. L. 100–647, § 1012(p)(20), substituted “Except as provided in regulations, if a” for “If a”.
(b)(8) Pub. L. 100–647, § 1012(p)(24), added par. (8).
(c) (d) Pub. L. 100–647, § 1012(p)(35), added subsec. (c) and redesignated former subsec. (c) as (d).

§ 1361 S corporation defined

(d)(3) Pub. L. 100–647 substituted “within the meaning of” for “treated as a separate trust under” in last sentence.

§ 1362 Election; revocation; termination

(d)(3) Pub. L. 100–647, § 1006(f)(6)(A), struck out cl. (v) which related to special rule for options and commodities dealers.
(d)(3) Pub. L. 100–647, § 1006(f)(6)(B), added subpar. (E).
(e)(5)(B) Pub. L. 100–647, § 1007(g)(9), substituted “Subsection (d)” for “Subsection (d)(2)”.

§ 1363 Effect of election on corporation

(d) Pub. L. 100–647, § 1006(f)(7), struck out subsec. (d) which related to distributions of appreciated property.
(d)(4)(D) Pub. L. 100–647, § 2004(n), added subpar. (D).
§ 1363 Pub. L. 100–647, § 1006(f)(7), struck out subsec. (e) which provided that subsec. (d) not apply to reorganizations, etc.

§ 1366 Pass-thru of items to shareholders

(f)(2) Pub. L. 100–647 substituted “within the meaning of section 1374” for “as defined in section 1374(d)(2)”.

§ 1374 Tax imposed on certain built-in gains

(a) Pub. L. 100–647, § 1006(f)(1), inserted “net” before “recognized”.
(b)(1) Pub. L. 100–647, § 1006(f)(2), added par. (1) and struck out former par. (1) which read as follows: “The tax imposed by…
(b)(2) Pub. L. 100–647, § 1006(f)(2), added par. (2) and struck out former par. (2) which read as follows: “Notwithstanding…
(b) Pub. L. 100–647, § 1006(f)(3), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the…
(c)(2) Pub. L. 100–647, § 1006(f)(4), which directed amendment of par. (2) by substituting “net recognized built-in gain” for…
(d)(2) (d)(3) (d)(4) (d)(5) (d)(6) (d)(7) (d)(8) (d)(9) Pub. L. 100–647, § 1006(f)(5)(A), added pars. (2) to (9) and struck out former pars. (2), (3), and (4), which related…
(e) Pub. L. 100–647, § 1006(f)(5)(A), added subsec. (e).

§ 1375 Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts

(b)(1)(B) Pub. L. 100–647, § 1006(f)(5)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
(b)(4) Pub. L. 100–647, § 1006(f)(5)(C), added par. (4).
(c) Pub. L. 100–647, § 1006(f)(5)(D), amended subsec. (c) generally, in heading substituting “Credits not allowable” for…

§ 1402 Definitions

(a)(15) Pub. L. 100–647, § 3043(c)(1), added par. (15).
(g)(2) (g)(3) (g) Pub. L. 100–647, § 8007(c), struck out par. (2) which related to time for filing applications, struck out par. (4)…

§ 1441 Withholding of tax on nonresident aliens

(b) Pub. L. 100–647, § 1001(d)(2)(A), amended second sentence generally. Prior to amendment, second sentence read as…
(c)(11) Pub. L. 100–647, § 6134(a)(2), added par. (11).

§ 1442 Withholding of tax on foreign corporations

(a) Pub. L. 100–647 struck out “and” after “to section 881(a)(3),” and inserted before period at end “, and the reference…

§ 1444 Withholding on Virgin Islands source income

§ 1444 Pub. L. 100–647 struck out “(as modified by section 934A)” before “shall not exceed”.

§ 1445 Withholding of tax on dispositions of United States real property interests

(e)(1) Pub. L. 100–647 inserted “(or, to the extent provided in regulations, 28 percent)” after “to 34 percent”.

§ 1446 Withholding of tax on foreign partners’ share of effectively connected income

§ 1446 Pub. L. 100–647 amended section generally, substituting provisions relating to withholding tax on foreign partners’…

§ 1503 Computation and payment of tax

(d)(3) (d)(4) Pub. L. 100–647, § 1012(u), added pars. (3) and (4).
(e)(1) Pub. L. 100–647, § 2004(j)(1)(A), amended introductory provisions generally. Prior to amendment, introductory…
(e)(2)(C) Pub. L. 100–647, § 2004(j)(3)(A), added subpar. (C).
(e)(3) Pub. L. 100–647, § 2004(j)(2), added par. (3).

§ 1504 Definitions

(b) Pub. L. 100–647, § 1018(d)(10)(A), amended par. (7) generally, striking out “, or any other corporation which has…
(f) Pub. L. 100–647, § 1018(d)(10)(B), added subsec. (f).

§ 1561 Limitation on accumulated earnings credit in the case of certain controlled corporations

(a) Pub. L. 100–647 substituted “section 11(b)(1)” for “section 11(b)” in par. (1) and in penultimate sentence.

§ 1563 Definitions and special rules

(d)(1)(B) Pub. L. 100–647 substituted “paragraphs (1), (2), and (3) of subsection (e)” for “subsection (e)(1)”.

§ 2013 Credit for tax on prior transfers

§ 2013 Pub. L. 100–647 added subsec. (g).

§ 2032A Valuation of certain farm, etc., real property

(b)(5)(A) Pub. L. 100–647 inserted at end “For purposes of subsection (c), such surviving spouse shall not be treated as failing…

§ 2036 Transfers with retained life estate

(c) Pub. L. 100–647, § 3031(e), substituted “an interest” for “a disproportionately large share” after “whole retaining”.
(c) Pub. L. 100–647, § 3031(g)(1), substituted “consideration furnished by” for “sales to” in heading, and amended text…
(c) Pub. L. 100–647, § 3031(d), substituted “Except as provided in regulations, an” for “An”.
(c) Pub. L. 100–647, § 3031(a)(1), amended par. (4) generally, substituting provisions relating to treatment of certain…
(c) Pub. L. 100–647, § 3031(g)(2), amended par. (5) generally, substituting provisions relating to the making of…
(c) Pub. L. 100–647, § 3031(b), added par. (6).
(c) Pub. L. 100–647, § 3031(b)[(c)], added pars. (7) and (8).

§ 2053 Expenses, indebtedness, and taxes

(c)(1)(B) Pub. L. 100–647, inserted at end “This subparagraph shall not apply to any increase in the tax imposed by this chapter…

§ 2056 Bequests, etc., to surviving spouse

(b)(7)(C) Pub. L. 100–647, § 6152(a), added subpar. (C).
(d) Pub. L. 100–647, § 5033(a)(1), added subsec. (d).

§ 2056A Qualified domestic trust

Enacted § 2056A

§ 2101 Tax imposed

(b) Pub. L. 100–647, § 5032(a), substituted “a tentative tax computed under section 2001(c)” for “a tentative tax computed…
§ 2101 Pub. L. 100–647, § 5032(c), struck out subsec. (d) which provided a rate schedule.

§ 2102 Credits against tax

§ 2102 Pub. L. 100–647, § 5032(b)(1)(A), substituted “$13,000” for “$3,600”.
§ 2102 Pub. L. 100–647, § 5032(b)(1), substituted “$13,000” for “$3,600” in subpar. (A) and “$46,800” for “$15,075” in subpar.…
§ 2102 Pub. L. 100–647, § 5032(b)(2), amended par. (3) generally, substituting provision relating to special rules for…

§ 2104 Property within the United States

(c) Pub. L. 100–647 substituted “subparagraph (A), (C), or (D) of section 861(a)(1)” for “section 861(a)(1)(B), section…

§ 2105 Property without the United States

(b)(1) Pub. L. 100–647 substituted “section 871(i)(3), if any interest thereon would not be subject to tax by reason of…

§ 2106 Taxable estate

(a)(3) Pub. L. 100–647 added par. (3).

§ 2207B Right of recovery where decedent retained interest

Enacted § 2207B

§ 2501 Imposition of tax

(d) Pub. L. 100–647 added par. (3).

§ 2503 Taxable gifts

(e)(2)(B) Pub. L. 100–647, § 1018(u)(52), substituted “section 213(d)” for “section 213(e)”.
(f) Pub. L. 100–647, § 1018(s)(2)(A), added subsec. (f) relating to treatment of certain loans of artworks.

§ 2523 Gift to spouse

(f)(6) Pub. L. 100–647, § 6152(b), added par. (6).
(i) Pub. L. 100–647, § 5033(b), added subsec. (i).

§ 2611 Generation-skipping transfer defined

(a) Pub. L. 100–647, §§ 1014(g)(1), 1018(u)(43), substituted “generation-skipping transfer” for “generation-skipping…
(b) Pub. L. 100–647, § 1014(g)(2), redesignated pars. (2) and (3) as (1) and (2), respectively, and struck out former par.…

§ 2612 Taxable termination; taxable distribution; direct skip

(a)(2) Pub. L. 100–647, § 1014(g)(15), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “If, upon the…
(c)(2) Pub. L. 100–647, § 1014(g)(7), in closing provisions, inserted at end “If any transfer of property to a trust would be…
(c) Pub. L. 100–647, § 1014(g)(5)(B), added par. (3).

§ 2613 Skip person and non-skip person defined

(a)(1) Pub. L. 100–647 inserted “natural” before “person”.

§ 2632 Special rules for allocation of GST exemption

(b)(2) Pub. L. 100–647 substituted “paragraph (1) with respect to a prior direct skip)” for “paragraph (1)) with respect to a…

§ 2642 Inclusion ratio

(a)(2) Pub. L. 100–647, § 1014(g)(4)(B), struck out at end “Except as provided in paragraphs (3) and (4) of subsection (b)…
(b) Pub. L. 100–647, § 1014(g)(4)(D), inserted “Except as provided in subsection (f)—” as introductory provision.
(b)(2)(A) Pub. L. 100–647, § 1014(g)(4)(C), inserted before period at end “; except that, if the requirements prescribed by the…
(b)(2)(B) Pub. L. 100–647, § 1014(g)(4)(E), substituted “to property transferred at death” for “at or after death” in heading and…
(b)(3) Pub. L. 100–647, § 1014(g)(4)(F)(ii), as amended by Pub. L. 101–508, § 11704(a)(36), substituted “Allocations to inter…
(b)(3) Pub. L. 100–647, § 1014(g)(4)(F)(i), substituted “to any property not transferred as a result of the death of the…
(c) Pub. L. 100–647, § 1014(g)(17)(A), inserted “direct skips which are” in heading and amended text generally. Prior to…
(d)(1) Pub. L. 100–647, § 1014(g)(17)(B), struck out “(other than a nontaxable gift)” after “transfer of property”.
(d)(2)(B)(i) Pub. L. 100–647, § 1014(g)(18), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “the value of…
(e) Pub. L. 100–647, § 1014(g)(3)(A), added subsec. (e).
(f) Pub. L. 100–647, § 1014(g)(4)(A), added subsec. (f).

§ 2651 Generation assignment

(b)(2) Pub. L. 100–647, § 1014(g)(19), inserted “(or former spouse)” after “a spouse”.
(e) Pub. L. 100–647, § 1014(g)(11), amended par. (3) generally, including governmental entities among the organizations to…

§ 2652 Other definitions

(a)(1) Pub. L. 100–647, § 1014(g)(9), substituted “any property” for “a transfer of a kind” in subpars. (A) and (B) and…
(a)(3) Pub. L. 100–647, § 1014(g)(14), substituted “any trust” for “any property” in subpars. (A) and (B) and “may elect to…
(c)(2) Pub. L. 100–647, § 1014(g)(8), struck out “nominal” before “interests” in heading and substituted “any tax” for “the…
(c)(3) Pub. L. 100–647, § 1014(g)(6), added par. (3).
(d) Pub. L. 100–647, § 1014(g)(20), added subsec. (d).

§ 2654 Special rules

(a)(2) Pub. L. 100–647, § 1014(g)(12), inserted “or decrease” after “any increase” and “or decrease (as the case may be)”…
(b) Pub. L. 100–647, § 1014(g)(13), substituted “Certain trusts” for “Separate shares” in heading and amended text…

§ 2663 Regulations

(3) Pub. L. 100–647 added par. (3).

§ 3111 Rate of tax

(a) (b) Pub. L. 100–647 made technical correction to directory language of Pub. L. 100–203, § 9006(b)(1), see 1987 Amendment…

§ 3121 Definitions

(a)(5)(G) Pub. L. 100–647, § 1011B(a)(23)(A), inserted “if such payment would not be treated as wages without regard to such plan…
(a)(8)(B) Pub. L. 100–647, § 8017(b), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “cash…
(a)(11) Pub. L. 100–647, § 1001(g)(4)(B)(i), inserted “(determined without regard to section 274(n))” after “section 217”.
(a)(21) Pub. L. 100–647, § 3043(c)(2), added par. (21).
(b)(5) Pub. L. 100–647, § 8015(c)(2), inserted “any such service performed on or after any date on which such individual…
(b)(5)(H) Pub. L. 100–647, § 8015(b)(2), amended subpar. (H) generally. Prior to amendment, subparagraph (H) read as follows…
(b)(19) Pub. L. 100–647, § 1001(d)(2)(C)(i), substituted “(F), (J), or (M)” for “(F) or (J)” in two places.
(b)(20) Pub. L. 100–647, § 8016(a)(4)(A), (C), made technical correction to directory language of Pub. L. 99–272, §…
(d)(3) (d)(4) Pub. L. 100–647, § 8016(a)(3)(A), redesignated par. (4) as (3) and substituted “; or” for a period at the end, and…
(u)(2)(B)(ii)(VI) Pub. L. 100–647, § 1018(r)(2)(A), added subcl. (VI).
(v)(3)(A) Pub. L. 100–647, § 1011(e)(8), substituted “457(f)(1)” for “457(e)(1)”.
(v)(3)(C) Pub. L. 100–647, § 1018(u)(35), substituted “Savings” for “Saving”.
(x) Pub. L. 100–647, § 1011B(a)(22)(A), added subsec. (x) relating to benefits provided under certain employee benefit…

§ 3122 Federal service

§ 3122 Pub. L. 100–647 struck out from first sentence “the determination whether an individual has performed service which…

§ 3127 Exemption for employers and their employees where both are members of religious faiths opposed to participation in Social Security Act programs

Enacted § 3127

§ 3128 Short title

§ 3231 Definitions

(e)(1) Pub. L. 100–647, § 1001(d)(2)(C)(ii), substituted “(F), (J), or (M)” for “(F) or (J)” in two places.
(e)(8) Pub. L. 100–647, § 1011B(a)(22)(B), added par. (8).

§ 3306 Definitions

(b)(5)(G) Pub. L. 100–647, § 1011B(a)(23)(A), inserted “if such payment would not be treated as wages without regard to such plan…
(b)(9) Pub. L. 100–647, § 1001(g)(4)(B)(ii), inserted “(determined without regard to section 274(n))” after “section 217”.
(c)(1)(B) Pub. L. 100–647, § 1018(u)(50), amended Pub. L. 99–272, § 13303(a), see 1986 Amendment notes below.
(c)(19) Pub. L. 100–647, § 1001(d)(2)(C)(iii), substituted “(F), (J), or (M)” for “(F) or (J)” in three places.
(i) Pub. L. 100–647, § 8016(a)(3)(B), substituted “paragraph (4) and subparagraphs (B) and (C) of paragraph (3)” for…
(t) Pub. L. 100–647, § 1011B(a)(22)(C), added subsec. (t) relating to benefits provided under certain employee benefit…

§ 3321 Imposition of tax

§ 3321 Pub. L. 100–647, § 7106(a), amended section generally, revising and restating provisions of subsecs. (a) and (b) and…
§ 3321 Pub. L. 100–647, § 1018(u)(17), added a period at end of par. (4).

§ 3322 Definitions

§ 3322 Pub. L. 100–647 amended section generally, substituting present provisions for former provisions relating to taxable…

§ 3401 Definitions

(a)(12)(C) Pub. L. 100–647, § 1011(f)(9), substituted “section 402(h)(1) and (2)” for “section 219” and “an exclusion” for “a…
(a)(15) Pub. L. 100–647, § 1001(g)(4)(B)(iii), inserted “(determined without regard to section 274(n))” after “section 217”.
(a)(19) (a)(20) Pub. L. 100–647, § 1011B(a)(33), redesignated par. (20) as (19) and struck out former par. (19) which excluded medical…
(g) Pub. L. 100–647, § 1011B(a)(22)(D), added subsec. (g) relating to benefits provided under certain employee benefit…

§ 3402 Income tax collected at source

(m)(1) Pub. L. 100–647 substituted “section 62(a) (other than paragraph (10) thereof))” for “section 62) (other than paragraph…

§ 3405 Special rules for pensions, annuities, and certain other deferred income

(d) Pub. L. 100–647, § 1012(bb)(2)(C), substituted “United States or its possessions” for “United States” in heading.
(d) Pub. L. 100–647, § 1012(bb)(2)(A), substituted “the United States and any possession of the United States” for “the…
(d) Pub. L. 100–647, § 1012(bb)(2)(B), amended cl. (i) generally, substituting “or a resident alien of the United States”…

§ 3406 Backup withholding

(h)(5)(D) Pub. L. 100–647 inserted period at end of subpar. (D).

§ 3509 Determination of employer’s liability for certain employment taxes

(d)(3) Pub. L. 100–647 substituted “subsection (d)(4)” for “subsection (d)(3)”.

§ 4041 Imposition of tax

(b)(1)(A) Pub. L. 100–647, § 2001(d)(3)(A), inserted reference to subsection (d)(1).
(b)(1)(B) Pub. L. 100–647, § 2001(d)(3)(B), inserted “and by the corresponding provision of subsection (d)(1)” before the period.
(b)(1)(C) Pub. L. 100–647, § 1017(c)(3), substituted “section 6421(e)(2)” for “section 6421(d)(2)”.
(b)(2)(A) Pub. L. 100–647, § 2001(d)(3)(D), amended subpar. (A) generally, inserting “(i)” before “subsection (a)(2)” and adding…
(b) Pub. L. 100–647, § 2001(d)(3)(C), struck out par. (3) which coordinated subsec. (b) with taxes imposed by subsec. (d).
(c)(3) Pub. L. 100–647, § 2001(d)(2), substituted “the Highway Trust Fund financing rate at which” for “the rate at which”.
(f) Pub. L. 100–647, § 1017(c)(4), amended par. (3) generally, substituting “paragraph (1) shall not apply on and after…

§ 4042 Tax on fuel used in commercial transportation on inland waterways

(b)(2) Pub. L. 100–647 amended par. (2) generally. Prior to amendment, par. (2) read as follows: “For purposes of paragraph…

§ 4052 Definitions and special rules

(a)(1) Pub. L. 100–647 substituted “production, manufacture” for “manufacture, production”.

§ 4081 Imposition of tax

(a) Pub. L. 100–647, § 1017(c)(1)(A), added pars. (1) and (2), struck out former par. (1) which imposed a tax at the rate…
(b)(1) Pub. L. 100–647, § 1017(c)(1)(B), substituted “subsection (a)” for “subsection (d)”.
(c) Pub. L. 100–647, § 6104(a), inserted after first sentence “Subject to such terms and conditions as the Secretary may…
(c) Pub. L. 100–647, § 2001(d)(5)(A), inserted “and by substituting ‘⅑ cent’ for ‘0.1 cent’ ” before “in the case of the…
(c) Pub. L. 100–647, § 1017(c)(14), substituted “3⅓ cents” for “3 cents”.
(c) Pub. L. 100–647, § 1017(c)(1)(B), substituted “subsection (a)” for “subsection (d)”.
(c) Pub. L. 100–647, § 2001(d)(5)(B), substituted “reduced by the amount of tax imposed (and not credited or refunded) on…
(d) Pub. L. 100–647, § 1017(c)(1)(D), redesignated subsec. (e) as (d) and struck out former subsec. (d) which related to…
(d)(1) Pub. L. 100–647, § 1017(c)(1)(C)(i), substituted “subsection (a)(2)” for “subsection (d)(2)(A)”.
(d)(2)(A) Pub. L. 100–647, § 1017(c)(1)(C)(ii), substituted “subsection (a)(2)” for “subsection (d)(2)(B)”.
(e) Pub. L. 100–647, § 1017(c)(1)(D), redesignated subsec. (e) as (d).

§ 4132 Definitions and special rules

(c) Pub. L. 100–647 added pars. (1) and (2) and redesignated former pars. (1) and (2) as (3) and (4), respectively.

§ 4222 Registration

(d) Pub. L. 100–647 substituted “4101” for “4083”.

§ 4293 Exemption for United States and possessions

§ 4293 Pub. L. 100–647 inserted reference to section 4051 of this title.

§ 4373 Exemptions

(1) Pub. L. 100–647 amended par. (1) generally, substituting provisions relating to effectively connected items for…

§ 4462 Definitions and special rules

(b)(1)(B) Pub. L. 100–647, § 2002(b), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “cargo…
(g)(3) Pub. L. 100–647, § 6110(a), added par. (3).
(h) (i) Pub. L. 100–647, § 6109(a), added subsec. (h) and redesignated former subsec. (h) as (i).

§ 4611 Imposition of tax

(f)(2) Pub. L. 100–647 substituted “December 31, 1990” for “September 1, 1987”.

§ 4662 Definitions and special rules

(b)(10)(A) Pub. L. 100–647, § 2001(a)(2), substituted “one or more” for “a mixture of”.
(e)(3) (e)(4) Pub. L. 100–647, § 2001(a)(1), added par. (3) and redesignated former par. (3) as (4).

§ 4672 Definitions and special rules

(a)(2) Pub. L. 100–647, § 2001(b)(2), inserted at end “If an importer or exporter of any substance requests that the Secretary…
(a)(2)(B) Pub. L. 100–647, § 2001(b)(1), inserted “(or more than 50 percent of the value)” after “weight”.
(a)(4) Pub. L. 100–647, § 2001(b)(3), amended par. (4) generally. Prior to amendment, par. (4) read as follows:

§ 4941 Taxes on self-dealing

(d)(2)(G)(ii) Pub. L. 100–647 amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “scholarships and fellowship…

§ 4945 Taxes on taxable expenditures

(g)(1) Pub. L. 100–647 amended par. (1) generally. Prior to amendment, par. (1) read as follows: “the grant constitutes a…

§ 4972 Tax on nondeductible contributions to qualified employer plans

(c) Pub. L. 100–647, § 1011A(e)(1), amended subsec. (c) generally, revising and restating as pars. (1) to (4) provisions of…
(c)(4) (c)(5) Pub. L. 100–647, § 2005(a)(1), added par. (4) and redesignated former par. (4) as (5).
(d)(1) Pub. L. 100–647, § 1011A(e)(2), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “The term…

§ 4973 Tax on excess contributions to certain tax-favored accounts and annuities

(b) Pub. L. 100–647 substituted “shall be computed without regard to section 219(g)” for “(after application of section…

§ 4976 Taxes with respect to funded welfare benefit plans

(b) Pub. L. 100–647, § 1011B(a)(27)(B), added par. (5) relating to limitation in case of benefits to which section 89…
(c) Pub. L. 100–647, § 1011B(a)(27)(A), added subsec. (c) relating to tax on funded welfare benefit funds which include…
(c) Pub. L. 100–647, § 3021(a)(1)(C)(i), substituted “any testing year (as defined in section 89(j)(13))” for “any plan…
(c) Pub. L. 100–647, § 3021(a)(1)(C)(ii), substituted “testing” for “plan” in cls. (i) and (ii), see Codification note…
§ 4976 Pub. L. 100–647, § 1011B(a)(27)(A), redesignated former subsec. (c) as (d).

§ 4978 Tax on certain dispositions by employee stock ownership plans and certain cooperatives

(d)(4) Pub. L. 100–647 added par. (4).

§ 4979 Tax on certain excess contributions

(a)(1) Pub. L. 100–647, § 1011(l)(8), struck out “a cash or deferred arrangement which is part of” after “contributions under”.
(c) Pub. L. 100–647, § 1011(l)(9), struck out “403(b),” and substituted “408(k)(6)(C)” for “408(k)(8)(B)”.
(d) Pub. L. 100–647, § 1011(l)(10), inserted sentence at end relating to determination of excess aggregate contributions…
(f)(2) Pub. L. 100–647, § 1011(l)(11), substituted “Year of inclusion” for “Included in prior year” as heading, and amended…

§ 4980 Tax on reversion of qualified plan assets to employer

(a) Pub. L. 100–647, § 6069(a), substituted “15” for “10”.
(c)(1)(A) Pub. L. 100–647, § 1011A(f)(1), substituted “subtitle A” for “this subtitle”.
(c)(3)(A) Pub. L. 100–647, § 1011A(f)(2), inserted “or a tax credit employee stock ownership plan (as described in section 409)”…
(c)(3)(C) Pub. L. 100–647, § 1011A(f)(3), struck out “(by reason of the limitations of section 415)” after “not allocated” in…
(c)(3)(C) Pub. L. 100–647, § 1011A(f)(7), inserted sentence at end relating to dividends on securities held in suspense account.
(c)(3)(F) (c)(3)(G) Pub. L. 100–647, § 1011A(f)(6), added subpars. (F) and (G).
(c)(4) Pub. L. 100–647, § 5072(a), added par. (4).

§ 4980B Failure to satisfy continuation coverage requirements of group health plans

Enacted § 4980B

§ 4981 Excise tax on undistributed income of real estate investment trusts

(c)(1)(A) Pub. L. 100–647, § 1006(s)(3), inserted “(but computed without regard to that portion of such deduction which is…
(e)(2) Pub. L. 100–647, § 1006(s)(1), amended par. (2) generally, designating existing provisions as subpar. (A) and adding…

§ 4982 Excise tax on undistributed income of regulated investment companies

(e)(2) Pub. L. 100–647, § 1006(l)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term…
(e)(5) Pub. L. 100–647, § 1006(l)(5), added par. (5).
(f) Pub. L. 100–647, § 1006(l)(6), added subsec. (f).

§ 5010 Credit for wine content and for flavors content

(c)(2)(B) Pub. L. 100–647 added cl. (ii) and redesignated former cl. (ii) as (iii).

§ 5041 Imposition and rate of tax

(d) (e) Pub. L. 100–647 added subsec. (d) and redesignated former subsec. (d) as (e).

§ 5054 Determination and collection of tax on beer

(a)(2) Pub. L. 100–647 added period at end.

§ 5061 Method of collecting tax

(d)(2)(A) (d)(2)(B) (d)(3) Pub. L. 100–647 substituted “last day of the semimonthly period during” for “date on”.

§ 5701 Rate of tax

(f) (g) Pub. L. 100–647 added subsec. (f) and redesignated former subsec. (f) as (g).

§ 5702 Definitions

(c) Pub. L. 100–647, § 5061(c)(1), inserted reference to pipe tobacco.
(d) Pub. L. 100–647, § 5061(c)(2), inserted reference to pipe tobacco in introductory provisions and in par. (1).
(o) Pub. L. 100–647, § 5061(b), added subsec. (o).

§ 5703 Liability for tax and method of payment

(b)(2)(B)(i) (b)(2)(B)(ii) Pub. L. 100–647 substituted “the 14th day after the last day of the semimonthly period during which” for “the 14th day…

§ 5881 Greenmail

(a) Pub. L. 100–647, § 2004(o)(1)(A), substituted “gain or other income of such person by reason of such receipt” for “gain…
(b) Pub. L. 100–647, § 2004(o)(1)(B)(i), substituted “a corporation (or any person acting in concert with such corporation)…
(d) Pub. L. 100–647, § 2004(o)(1)(C), substituted “amount” for “gain” in heading and inserted “or other income” after “the…
(e) Pub. L. 100–647, § 2004(o)(2), added subsec. (e).

§ 6011 General requirement of return, statement, or list

(a) Pub. L. 100–647 substituted “or with respect to the collection thereof” for “or for the collection thereof”.

§ 6012 Persons required to make returns of income

(a)(1)(C)(i) Pub. L. 100–647 amended subcl. (I) generally, substituting “the sum of the amount in effect under section 63(c)(5)(A)…

§ 6013 Joint returns of income tax by husband and wife

(b)(5)(A) Pub. L. 100–647 amended subpar. (A) generally. Prior to amendment, subpar. (A) related to additions to tax when amount…

§ 6018 Estate tax returns

(a) Pub. L. 100–647 added par. (5).

§ 6031 Return of partnership income

(d) Pub. L. 100–647 added subsec. (d).

§ 6039D Returns and records with respect to certain fringe benefit plans

(c) Pub. L. 100–647, § 1011B(a)(24), amended directory language of Pub. L. 99–514, § 1151(h)(3), see 1986 Amendment note…
(d) Pub. L. 100–647, § 3021(a)(15)(A)(ii), inserted “and special rules” after “Definitions” in heading.
(d)(3) Pub. L. 100–647, § 3021(a)(15)(A)(i), added par. (3).

§ 6039E Information concerning resident status

(d) Pub. L. 100–647 inserted sentence at end relating to disclosure of information subject to section 245A of the…

§ 6045 Returns of brokers

(c)(1) Pub. L. 100–647, § 1015(e)(1)(A), inserted at end “A person shall not be treated as a broker with respect to activities…
(e)(1) Pub. L. 100–647, § 1015(e)(3)(A), substituted “real estate reporting person” for “real estate broker”.
(e)(2) Pub. L. 100–647, § 1015(e)(3), substituted “estate reporting person” for “estate broker” in par. (2) heading and two…
(e)(3) Pub. L. 100–647, § 4005(g)(3), added par. (3) relating to whether seller’s financing was federally-subsidized…
(e)(3) Pub. L. 100–647, § 1015(e)(2)(A), added par. (3) relating to prohibition of separate charge for filing return.

§ 6046 Returns as to organization or reorganization of foreign corporations and as to acquisitions of their stock

(a) Pub. L. 100–647, § 1012(i)(19)(C), inserted sentence at end relating to foreign corporation with respect to which any…
(a) Pub. L. 100–647, § 1012(i)(19)(A), added par. (3) and redesignated former par. (3) as (4).
(b) Pub. L. 100–647, § 1012(i)(19)(B), substituted “paragraph (2) or (3) of subsection (a)” for “subsection (a)(2)”.

§ 6049 Returns regarding payments of interest

(d)(7)(A) Pub. L. 100–647, § 1006(v), inserted parenthetical phrase relating to amounts treated as paid when includible in gross…
(d)(7)(C) Pub. L. 100–647, § 1006(t)(24), substituted “the adjusted issue price” for “the issue price”.

§ 6050M Returns relating to persons receiving contracts from Federal executive agencies

(e) Pub. L. 100–647 added subsec. (e).

§ 6051 Receipts for employees

(a)(7) Pub. L. 100–647, § 1018(u)(33), inserted a comma at end.
(a)(9) Pub. L. 100–647, § 1011B(c)(2)(B), added par. (9).

§ 6103 Confidentiality and disclosure of returns and return information

(b)(5)(A) Pub. L. 100–647, § 1012(bb)(3)(B), substituted “and the Commonwealth of the Northern Mariana Islands” for “the…
(b)(5)(B)(i) Pub. L. 100–647, § 6251, substituted “250,000” for “2,000,000”.
(e)(1)(A) Pub. L. 100–647, § 1014(e)(4), substituted “section 1(i) or 59(j)” for “section 1(j)”.
(k)(4) Pub. L. 100–647, § 1012(bb)(3)(A), substituted “or other convention or bilateral agreement” and “such convention or…
(m)(6) Pub. L. 100–647, § 8008(c)(1), added par. (6).
(p)(4) Pub. L. 100–647, § 8008(c)(2)(A)(ii), (iii), in concluding provisions substituted “(m)(2), (4), or (6)” for “(m)(2) or…
(p)(4)(F)(i) Pub. L. 100–647, § 8008(c)(2)(A)(i)(I), substituted “manner,” for “manner; and”.
(p)(4)(F)(iii) Pub. L. 100–647, § 8008(c)(2)(A)(i), added cl. (iii).

§ 6114 Treaty-based return positions

Enacted § 6114

§ 6117 Cross reference

§ 6157 Payment of Federal unemployment tax on quarterly or other time period basis

§ 6157 Pub. L. 100–647 struck out subsec. (d) which related to quarterly payment of railroad unemployment repayment tax.

§ 6159 Agreements for payment of tax liability in installments

Enacted § 6159

§ 6201 Assessment authority

(a)(4) Pub. L. 100–647, § 1015(r)(1), struck out par. (4) which read as follows: “If on any return or claim for refund of…
(b)(2) Pub. L. 100–647, § 7106(c)(2), struck out “or tax imposed by section 3321” after “employment tax”.

§ 6211 Definition of a deficiency

(b)(4) Pub. L. 100–647, § 1015(r)(2), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “The tax…

§ 6212 Notice of deficiency

(d) Pub. L. 100–647 inserted sentence at end that nothing in this subsection shall affect suspension of running of period…

§ 6213 Restrictions applicable to deficiencies; petition to Tax Court

(a) Pub. L. 100–647, § 6243(a), substituted for period at end “, including the Tax Court. The Tax Court shall have no…
(h)(3) (h) Pub. L. 100–647, § 1015(r)(3), as amended by Pub. L. 101–239, redesignated par. (4) as (3) and struck out former par.…

§ 6214 Determinations by Tax Court

(e) Pub. L. 100–647 substituted “references” for “reference” in heading, designated existing provisions as par. (1), and…

§ 6302 Mode or time of collection

(d) Pub. L. 100–647 substituted “Time for payment of manufacturers’ excise tax on sporting goods” for “Time for payment of…

§ 6317 Payments of Federal unemployment tax for calendar quarter

§ 6317 Pub. L. 100–647 struck out “or tax imposed by section 3321” after “unemployment tax” and “and 23A, as the case may be,”…

§ 6323 Validity and priority against certain persons

(f)(1)(A)(ii) Pub. L. 100–647, § 1015(s)(1)(A), inserted exception that State law merely conforming to or reenacting Federal law…
(f)(5) Pub. L. 100–647, § 1015(s)(1)(B), added par. (5).

§ 6326 Administrative appeal of liens

Enacted § 6326

§ 6327 Cross references

§ 6331 Levy and distraint

(d)(2) Pub. L. 100–647, § 6236(a)(1), (2), substituted “30-day” for “10-day” in heading and “30 days” for “10 days” in text.
(d)(4) Pub. L. 100–647, § 6236(a)(3), added par. (4).
(e) Pub. L. 100–647, § 6236(b)(1), amended subsec. (e) generally. Prior to amendment, subsec. (e) consisted of two pars.…
(f) (g) Pub. L. 100–647, § 6236(d), added subsecs. (f) and (g). Former subsec. (f) redesignated (h).
(h) Pub. L. 100–647, § 6236(b)(2), (d), redesignated subsec. (f) as (h) and added par. (3).

§ 6332 Surrender of property subject to levy

(a) Pub. L. 100–647, § 6236(e)(2)(A), substituted “subsections (b) and (c)” for “subsection (b)”.
(c) Pub. L. 100–647, § 6236(e)(1), added subsec. (c). Former subsec. (c) redesignated (d).
(d) Pub. L. 100–647, § 6236(e)(1), redesignated subsec. (c) as (d). Former subsec. (d) redesignated (e).
(d) Pub. L. 100–647, § 1015(t)(1), inserted “and any other person” after “delinquent taxpayer” and struck out sentence at…
(e) Pub. L. 100–647, § 6236(e)(1), (2)(B), redesignated subsec. (d) as (e) and substituted “subsection (d)(1)” for…
(f) Pub. L. 100–647, § 6236(e)(1), redesignated subsec. (e) as (f).

§ 6334 Property exempt from levy

(a)(2) Pub. L. 100–647, § 6236(c)(1), substituted “$1,650 ($1,550 in the case of levies issued during 1989)” for “$1,500”.
(a)(3) Pub. L. 100–647, § 6236(c)(2), substituted “$1,100 ($1,050 in the case of levies issued during 1989)” for “$1,000”.
(a)(10)(A) Pub. L. 100–647, § 1015(o)(1), substituted “III, IV, V,” for “IV” and added “or” at end.
(a)(10)(B) (a)(10) Pub. L. 100–647, § 1015(o)(2), (3), redesignated subpar. (C) as (B) and substituted “13, 21, 23” for “21”, and struck…
(a)(11) (a)(12) (a)(13) Pub. L. 100–647, § 6236(c)(4)(A), added pars. (11) to (13).
(d)(1) Pub. L. 100–647, § 6236(c)(3)(A), amended par. (1) generally, striking out after introductory provisions the following…
(d)(2) (d)(3) Pub. L. 100–647, § 6236(c)(3)(B), added par. (2) and redesignated former par. (2) as (3).
(e) Pub. L. 100–647, § 6236(c)(4)(B), added subsec. (e).

§ 6335 Sale of seized property

(f) (g) Pub. L. 100–647 added subsec. (f) and redesignated former subsec. (f) as (g).

§ 6343 Authority to release levy and return property

(a) Pub. L. 100–647 inserted “and notice of release” after “levy” in heading and amended text generally. Prior to…

§ 6401 Amounts treated as overpayments

(b)(2) Pub. L. 100–647 amended last sentence generally, substituting “credit so allowed by reason of section 1446” for “amount…

§ 6402 Authority to make credits or refunds

(i) Pub. L. 100–647 added subsec. (i).

§ 6404 Abatements

(e)(1)(B) Pub. L. 100–647, § 1015(n), inserted “error or” before “delay” and “erroneous or” before “dilatory”.
(f) Pub. L. 100–647, § 6229(a), added subsec. (f).

§ 6411 Tentative carryback and refund adjustments

(c) Pub. L. 100–647 struck out “unused research credit,” after “net capital loss,”.

§ 6416 Certain taxes on sales and services

(a)(4) Pub. L. 100–647, § 6102(a), added par. (4).
(b)(2) Pub. L. 100–647, § 2001(d)(1)(B), substituted “(or under subsection (a) or (d) of section 4041 in respect of sales or…

§ 6421 Gasoline used for certain nonhighway purposes, used by local transit systems, or sold for certain exempt purposes

(a) Pub. L. 100–647, § 2001(d)(3)(F), substituted “paragraph (2) of subsection (f)” for “paragraph (3) of subsection (e)”.
(a) Pub. L. 100–647, § 1017(c)(7), substituted “subsection (j)” for “subsection (i)”.
(b)(1) Pub. L. 100–647, § 1017(c)(7), substituted “subsection (j)” for “subsection (i)”.
(d)(3) Pub. L. 100–647, § 1017(c)(15), added par. (3).
(f)(2) Pub. L. 100–647, § 2001(d)(3)(E), added par. (2) and struck out former par. (2) which read as follows: “This section…
(f)(3) Pub. L. 100–647, § 2001(d)(3)(E), added par. (3).
(f) Pub. L. 100–647, § 2001(d)(3)(E), struck out par. (4) which read as follows: “This section shall not apply with respect…
(i) Pub. L. 100–647, § 1017(c)(6), redesignated subsec. (i), relating to income tax credit in lieu of payment, as (j).
(j) Pub. L. 100–647, § 1017(c)(6), (8), redesignated subsec. (i), relating to income tax credit in lieu of payment, as (j)…
§ 6421 Pub. L. 100–647, § 1017(c)(6), redesignated former subsec. (j) as (k).

§ 6427 Fuels not used for taxable purposes

(f) Pub. L. 100–647, § 2001(d)(7)(B), substituted “regular tax rate” for “regular Highway Trust Fund financing rate” in two…
(f) Pub. L. 100–647, § 2001(d)(7)(C), as amended by Pub. L. 101–239, § 7812(a), amended subpar. (B) generally. Prior to…
(i)(1) Pub. L. 100–647, § 3002(c)(1), substituted “paragraphs (2), (3), and (4)” for “paragraph (2)”.
(i)(2)(A)(i) Pub. L. 100–647, § 3002(c)(2), struck out “(l),” after “and”.
(i)(4) Pub. L. 100–647, § 3002(a), added par. (4).
(k)(2) Pub. L. 100–647, § 3002(b), substituted “paragraph (2), (3), or (4)” for “paragraph (2) or (3)”.
(k)(2) Pub. L. 100–647, § 1017(c)(10), substituted “paragraph (2) or (3) of subsection (i).” for “subsection” and all that…
(l)(2) Pub. L. 100–647, § 2001(d)(7)(D), inserted “under section 4041” after “exempt”.
(l)(3)(B) Pub. L. 100–647, § 2004(s)(2), inserted “(except as supplies for vessels or aircraft within the meaning of section…
(m) Pub. L. 100–647, § 1017(c)(3), substituted “6421(e)(2)” for ‘6421(d)(2)”.
(p) § 6427 Pub. L. 100–647, § 2004(s)(3), redesignated subsec. (p), relating to gasoline used in noncommercial aviation during…
§ 6427 Pub. L. 100–647, § 2004(s)(3), redesignated subsec. (q), relating to cross references, as (r).

§ 6501 Limitations on assessment and collection

(n) Pub. L. 100–647, § 4008(c)(2), substituted “, 41(h), or 51(j)” for “or 51(j)”.
(o) Pub. L. 100–647, § 1008(j)(1), struck out par. (3) which read as follows: “For extension of period in the case of…

§ 6502 Collection after assessment

(a) Pub. L. 100–647 amended last sentence generally. Prior to amendment, last sentence read as follows: “The period…

§ 6511 Limitations on credit or refund

(d)(4)(C) Pub. L. 100–647, § 1018(u)(21), made technical correction to directory language of Pub. L. 99–514, § 231(d)(3)(I), see…
(f) Pub. L. 100–647, § 1018(u)(51), substituted “similar taxes” for “certain chapter 43 taxes” in heading, and “section…
(i)(6) Pub. L. 100–647, § 1017(c)(11), substituted “section 6421(d)” for “section 6421(c)”.

§ 6512 Limitations in case of petition to Tax Court

(a) Pub. L. 100–647, § 6247(b)(1), substituted “interest or section 7481(d) solely with respect to a determination of…
(a) Pub. L. 100–647, § 6246(b)(1), inserted “(or 7481(c) with respect to a determination of statutory interest)” after…
(b)(1) Pub. L. 100–647, § 6244(a), substituted “paragraph (3)” for “paragraph (2)”.
(b)(2) (b)(3) Pub. L. 100–647, § 6244(a), added par. (2) and redesignated former par. (2) as (3).
(c) Pub. L. 100–647, § 6244(b)(2), substituted “references” for “reference” in heading, designated existing provisions as…

§ 6513 Time return deemed filed and tax considered paid

(e) Pub. L. 100–647 struck out last sentence which read as follows: “Notwithstanding subsection (a), for purposes of…

§ 6601 Interest on underpayment, nonpayment, or extensions of time for payment, of tax

(b)(1) Pub. L. 100–647, § 6234(b)(1), inserted “or any installment agreement entered into under section 6159” after “time for…
(b)(2) Pub. L. 100–647, § 1018(u)(42), made technical correction to directory language of Pub. L. 99–514, § 1404(c)(3), see…
(e)(2)(A) (e)(2)(B) Pub. L. 100–647, § 1015(b)(2)(C), substituted “6653, 6659” for “6659”.
(i) Pub. L. 100–647, § 7106(c)(5), struck out “or 3321” after “3301”.

§ 6621 Determination of rate of interest

(a)(1)(A) (a)(2)(A) Pub. L. 100–647, § 1015(d)(1), substituted “Federal short-term” for “short-term Federal”.
(b) Pub. L. 100–647, § 1015(d)(2), substituted “Federal short-term” for “short-term Federal” in heading.
(b)(1) Pub. L. 100–647, § 1015(d)(1), substituted “Federal short-term” for “short-term Federal”.

§ 6652 Failure to file certain information returns, registration statements, etc.

(j) Pub. L. 100–647, § 1017(b), amended subsec. (j) as it existed prior to its repeal by Pub. L. 100–203, § 10502(d)(11)…
(k) Pub. L. 100–647, § 3021(a)(10), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the…
(k) Pub. L. 100–647, § 1011B(a)(10), substituted “subsection (g)(3)(C)(i)” for “subsection (g)(3)”. See Codification note…
(k) Pub. L. 100–647, § 1018(u)(36), substituted “or part II of subchapter B of this chapter” for “or section 6678”. See…

§ 6653 Failure to pay stamp tax

§ 6653 Pub. L. 100–647, § 1015(b)(2)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “If any…
§ 6653 Pub. L. 100–647, § 1015(b)(2)(B), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “If any…
§ 6653 Pub. L. 100–647, § 1015(b)(3), inserted at end “If any penalty is imposed under subsection (a) by reason of the…

§ 6654 Failure by individual to pay estimated income tax

(f)(1) Pub. L. 100–647, § 4005(g)(5), inserted “(other than any increase in such tax by reason of section 143(m))” after…
(l) Pub. L. 100–647, § 1014(d)(2), substituted “Estates and trusts” for “Trusts and certain estates” in heading and amended…
(l) Pub. L. 100–647, § 1014(d)(1), made clarifying amendment to directory language of Pub. L. 99–514, § 1404(a), to reflect…

§ 6655 Failure by corporation to pay estimated income tax

(e)(1) Pub. L. 100–647, § 5001(a), struck out at end “A reduction shall be treated as recaptured for purposes of subparagraph…
(g)(3) Pub. L. 100–647, § 2004(r), inserted last sentence, and struck out former last sentence which read as follows: “In the…

§ 6657 Bad checks

§ 6657 Pub. L. 100–647 substituted “2” for “1”, “$750” for “$500”, and “$15” for “$5”.

§ 6673 Sanctions and costs awarded by courts

§ 6673 Pub. L. 100–647 struck out “Tax” after “before the” in section catchline, designated existing provisions as subsec.…

§ 6693 Failure to provide reports on certain tax-favored accounts or annuities; penalties relating to designated nondeductible contributions

§ 6693 Pub. L. 100–647, § 1011(b)(4)(B)(i), substituted “penalties relating to” for “overstatement of” in section catchline.
(b) Pub. L. 100–647, § 1011(b)(4)(A), substituted “Penalties relating to” for “Overstatement of designated” in heading and…

§ 6712 Failure to disclose treaty-based return positions

Enacted § 6712

§ 6713 Disclosure or use of information by preparers of returns

Enacted § 6713

§ 6724 Waiver; definitions and special rules

(d)(1)(B) Pub. L. 100–647, § 3001(b)(1), which directed that “or” be struck out at end of cl. (ix), “, or” be substituted for…
(d)(1)(B) Pub. L. 100–647, § 1006(h)(3)(A), struck out “or” at end of cl. (ix), substituted “, or” for period at end of cl. (x)…
(d)(2) Pub. L. 100–647, § 3001(b)(2), which directed that “or” be struck out at end of subpar. (S), “, or” be substituted for…
(d)(2)(B) Pub. L. 100–647, § 1015(a), substituted “6031(b) or (c)” for “6031(b)”.

§ 6863 Stay of collection of jeopardy assessments

(b)(3)(C) Pub. L. 100–647 added subpar. (C).

§ 6867 Presumptions where owner of large amount of cash is not identified

(b)(2) Pub. L. 100–647 substituted “the highest rate of tax specified in section 1” for “a 50-percent rate”.

§ 7210 Failure to obey summons

§ 7210 Pub. L. 100–647, § 1017(c)(12), made technical correction to language of Pub. L. 99–514, § 1703(e)(2)(G), see 1986…
§ 7210 Pub. L. 100–647, § 1017(c)(9), substituted “6421(g)(2)” for “6421(f)(2)”.

§ 7213 Unauthorized disclosure of information

(a)(2) Pub. L. 100–647 substituted “(m)(2), (4), or (6)” for “(m)(2) or (4)”.

§ 7216 Disclosure or use of information by preparers of returns

(a) Pub. L. 100–647 substituted “and who knowingly or recklessly” for “and who”.

§ 7232 Failure to register or reregister under section 4101, false representations of registration status, etc.

§ 7232 Pub. L. 100–647 substituted “, lubricating oil, diesel fuel, or aviation fuel” for “or lubricating oil” in section…

§ 7429 Review of jeopardy levy or assessment procedures

§ 7429 Pub. L. 100–647, § 6237(e)(3), inserted “levy or” after “jeopardy” in section catchline.
(a)(1) Pub. L. 100–647, § 6237(a), inserted “or levy is made under section 6331(a) less than 30 days after notice and demand…
(a)(3) Pub. L. 100–647, § 6237(b), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “After a request…
(b) Pub. L. 100–647, § 6237(c), amended subsec. (b) generally, substituting provisions of pars. (1) to (4) for provisions…
(c) Pub. L. 100–647, § 6237(e)(1), struck out “district” before “court”.
(e) Pub. L. 100–647, § 6237(d), amended subsec. (e) generally. Prior to amendment, subsec. (e) read as follows: “A civil…
(f) Pub. L. 100–647, § 6237(e)(1), struck out “district” after “made by a”.
(g)(1) Pub. L. 100–647, § 6237(e)(2), in heading substituted “levy, termination,” for “termination” and in text substituted “a…
(g)(2) Pub. L. 100–647, § 6237(e)(2)(C), substituted “a proceeding” for “an action”.

§ 7430 Awarding of costs and certain fees

§ 7430 Pub. L. 100–647, § 6239(a), substituted “costs” for “court costs” in section catchline and amended text generally…
(c)(2)(A) Pub. L. 100–647, § 1015(i), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “meets the…

§ 7432 Civil damages for failure to release lien

Enacted § 7432

§ 7433 Civil damages for certain unauthorized collection actions

Enacted § 7433

§ 7437 Cross references

§ 7447 Retirement

(d) Pub. L. 100–647 inserted at end “In computing the rate of the retired pay under paragraph (1) of this subsection for…

§ 7478 Declaratory judgments relating to status of certain governmental obligations

(a) Pub. L. 100–647 substituted “whether interest on prospective obligations will be excludable from gross income under…

§ 7481 Date when Tax Court decision becomes final

(a) Pub. L. 100–647, § 6247(b)(2), substituted “subsections (b), (c), and (d)” for “subsections (b) and (c)”.
(a) Pub. L. 100–647, § 6246(b)(2), substituted “subsections (b) and (c)” for “subsection (b)”.
(c) Pub. L. 100–647, § 6246(a), added subsec. (c).
(d) Pub. L. 100–647, § 6247(a), added subsec. (d).

§ 7482 Courts of review

(a)(3) Pub. L. 100–647 added par. (3).

§ 7518 Tax incentives relating to merchant marine capital construction funds

(g)(1) Pub. L. 100–647, § 1018(u)(23), substituted “not a qualified withdrawal” for “not qualified withdrawal”.
(g)(6)(A) Pub. L. 100–647, § 1002(m)(1), substituted “section 1(j)” for “section 1(i)”.

§ 7519 Required payments for entities electing not to have required taxable year

(b)(2) Pub. L. 100–647, § 2004(e)(4)(A), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “the amount…
(c) Pub. L. 100–647, § 2004(e)(5), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: “If the…
(d)(2)(A) Pub. L. 100–647, § 2004(e)(10), substituted “(other than credits and tax-exempt income)” for “(other than credits)”.
(d)(2)(B) Pub. L. 100–647, § 2004(e)(7), (10), substituted “(other than credits and tax-exempt income)” for “(other than…
(d)(3)(A) Pub. L. 100–647, § 2004(e)(14)(B), struck out “or incurred” after “amounts paid”.
(d)(4) Pub. L. 100–647, § 2004(e)(9), inserted at end “Notwithstanding the preceding provisions of this paragraph, for taxable…
(d)(5) Pub. L. 100–647, § 2004(e)(8), added par. (5).
(e)(4) Pub. L. 100–647, § 2004(e)(4)(B), added par. (4).
(g) Pub. L. 100–647, § 2004(e)(6), substituted “including regulations providing for appropriate adjustments in the…

§ 7520 Valuation tables

Enacted § 7520

§ 7521 Procedures involving taxpayer interviews

Enacted § 7521

§ 7522 Content of tax due, deficiency, and other notices

Enacted § 7522

§ 7603 Service of summons

§ 7603 Pub. L. 100–647, § 1017(c)(12), made technical correction to language of Pub. L. 99–514, § 1703(e)(2)(G), see 1986…
§ 7603 Pub. L. 100–647, § 1017(c)(9), substituted “6421(g)(2)” for “6421(f)(2)”.

§ 7604 Enforcement of summons

(b) (c)(2) Pub. L. 100–647, § 1017(c)(12), made technical correction to language of Pub. L. 99–514, § 1703(e)(2)(G), see 1986…
(b) (c)(2) Pub. L. 100–647, § 1017(c)(9), substituted “6421(g)(2)” for “6421(f)(2)”.

§ 7605 Time and place of examination

(a) Pub. L. 100–647, § 1017(c)(12), made technical correction to language of Pub. L. 99–514, § 1703(e)(2)(G), see 1986…
(a) Pub. L. 100–647, § 1017(c)(9), substituted “6421(g)(2)” for “6421(f)(2)” in two places.

§ 7609 Special procedures for third-party summonses

(c)(1) Pub. L. 100–647, § 1017(c)(12), made technical correction to language of Pub. L. 99–514, § 1703(e)(2)(G), see 1986…
(c)(1) Pub. L. 100–647, § 1017(c)(9), substituted “6421(g)(2)” for “6421(f)(2)”.
(e)(2) Pub. L. 100–647, § 1015(l)(1), inserted “or the summoned party’s response to a summons described in subsection (f),”…
(i) Pub. L. 100–647, § 1015(l)(2)(B), inserted “and summoned party” after “recordkeeper” in heading.
(i)(4) Pub. L. 100–647, § 1015(l)(2)(A), substituted “the summoned party” for “the third-party recordkeeper”.

§ 7610 Fees and costs for witnesses

(c) Pub. L. 100–647, § 1017(c)(12), made technical correction to language of Pub. L. 99–514, § 1703(e)(2)(G), see 1986…
(c) Pub. L. 100–647, § 1017(c)(9), substituted “6421(g)(2)” for “6421(f)(2)”.

§ 7611 Restrictions on church tax inquiries and examinations

(i)(5) Pub. L. 100–647 substituted “this title” for “the title”.

§ 7654 Coordination of United States and certain possession individual income taxes

(a) Pub. L. 100–647 substituted “an individual to whom” for “an individual to which”.

§ 7701 Definitions

(a)(19) Pub. L. 100–647, § 1006(t)(25)(A), inserted at end “For purposes of determining whether any interest in a REMIC…
(a)(19)(C)(xi) Pub. L. 100–647, § 1006(t)(12), substituted “are assets described” for “are loans described”.
(a)(20) Pub. L. 100–647, § 1011B(e), substituted “and 106” for “106, and 125” and inserted “and for purposes of applying…
(a)(29) Pub. L. 100–647, § 1(c), substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”.
(b)(5)(A)(iv) Pub. L. 100–647, § 1018(g)(3), substituted “section 274(l)(1)(B)” for “section 274(k)(2)”.
(b)(5)(D)(i)(I) Pub. L. 100–647, § 1001(d)(2)(D), substituted “subparagraph (F) or (M)” for “subparagraph (F)”.
(e)(5) Pub. L. 100–647, § 1002(a)(2), made technical correction to language of Pub. L. 99–514, § 201(d)(14)(B), see 1986…
(j)(1)(C) Pub. L. 100–647, § 1011A(m)(1), inserted “, section 401(k)(4)(B),” after “the provisions of paragraph (2)” in subpar.…

§ 7702 Life insurance contract defined

(c)(3)(B)(i) (c)(3)(B)(ii) Pub. L. 100–647, § 5011(a), added cls. (i) and (ii) and struck out former cls. (i) and (ii) which read as follows:
(c)(3)(D) Pub. L. 100–647, § 5011(b), added subpar. (D).
(j) (k) Pub. L. 100–647, § 6078(a), added subsec. (j) and redesignated former subsec. (j) as (k).

§ 7702A Modified endowment contract defined

Enacted § 7702A

§ 7703 Determination of marital status

(b)(1) Pub. L. 100–647 substituted “section 151(c)(3)” for “section 151(e)(3)”.

§ 7704 Certain publicly traded partnerships treated as corporations

(c)(1) Pub. L. 100–647, § 2004(f)(3), inserted at end “For purposes of the preceding sentence, a partnership shall not be…
(d)(1) Pub. L. 100–647, § 2004(f)(4), inserted at end “For purposes of subparagraph (E), the term ‘mineral or natural…
(d)(3) Pub. L. 100–647, § 2004(f)(5), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The term…
(e)(4) Pub. L. 100–647, § 2004(f)(1), inserted “or to pay such amounts” before “as may be required”.

§ 7802 Internal Revenue Service Oversight Board

(c) Pub. L. 100–647 added subsec. (c).

§ 7805 Rules and regulations

(e) (f) Pub. L. 100–647 added subsecs. (e) and (f).

§ 7811 Taxpayer Assistance Orders

Enacted § 7811

§ 7852 Other applicable rules

(d) Pub. L. 100–647 amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “No provision of this…

§ 7872 Treatment of loans with below-market interest rates

(d)(1)(E)(i) Pub. L. 100–647, § 1005(c)(15), directed substitution of “section 163(d)(4)” for “section 163(d)(3)”, which…
(f)(11) (f) Pub. L. 100–647, § 1018(u)(48), redesignated former par. (11), Pub. L. 99–514, relating to special rule for certain…

§ 7873 Income derived by Indians from exercise of fishing rights

Enacted § 7873

§ 8021 Powers

(a) Pub. L. 100–647 substituted “6103(f)” for “6103(d)”.

§ 9506 Inland Waterways Trust Fund

(b) Pub. L. 100–647 made technical corrections to directory language of Pub. L. 99–499, § 521(b)(3), see 1986 Amendment…

§ 9509 Oil Spill Liability Trust Fund

(b)(3) Pub. L. 100–647, as amended by Pub. L. 101–239, § 7811(m)(3), substituted “Deepwater” for “Deep Water” wherever…

§ 9510 Vaccine Injury Compensation Trust Fund

(a) Pub. L. 100–647 inserted “appropriated or” before “credited” and “this section or” before “section 9602(b)”.