Pub. L. 101-508 Nov. 5, 1990

§ 1 Tax imposed

• (a) (b) (c) (d) (e) Pub. L. 101–508, § 11101(a), amended subsecs. (a) to (e) generally, substituting three-tiered tax tables for all…
• (f)(1) Pub. L. 101–508, § 11101(d)(1)(A)(i), substituted “1990” for “1988”.
• (f)(3)(B) Pub. L. 101–508, § 11101(d)(1)(A)(ii), substituted “1989” for “1987”.
• (f)(6)(A) Pub. L. 101–508, § 11104(b)(1), substituted “section 151(d)(4)” for “section 151(d)(3)”.
• (f)(6)(A) Pub. L. 101–508, § 11103(c), inserted reference to section 68(b)(2).
• (f)(6)(A) Pub. L. 101–508, § 11101(b)(2), struck out “subsection (g)(4),” after “paragraph (2)(A),”.
• (f)(6)(B) Pub. L. 101–508, § 11104(b)(2), substituted “section 151(d)(4)(A)” for “section 151(d)(3)”.
• (g) Pub. L. 101–508, § 11101(d)(2), redesignated subsec. (i) as (g).
• (g) Pub. L. 101–508, § 11101(b)(1), struck out subsec. (g) which provided for phaseout of 15-percent rate and personal…
• (h) Pub. L. 101–508, § 11101(d)(2), redesignated subsec. (j) as (h) and struck out former subsec. (h) which provided tax…
• (i) Pub. L. 101–508, § 11101(d)(2), redesignated subsec. (i) as (g).
• (j) Pub. L. 101–508, § 11101(d)(2), redesignated subsec. (j) as (h).
• (j) Pub. L. 101–508, § 11101(c), amended subsec. (j) generally. Prior to amendment, subsec. (j) read as follows:

§ 25 Interest on certain home mortgages

• (h) Pub. L. 101–508 substituted “December 31, 1991” for “September 30, 1990”.

§ 32 Earned income

• (a) Pub. L. 101–508, § 11111(a), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “In the…
• (b) Pub. L. 101–508, § 11111(a), substituted heading for one which read “Limitation” and amended subsec. (b) generally.…
• (c) Pub. L. 101–508, § 11111(a), amended subsec. (c) generally, inserting “and special rules” in heading and substituting…
• (i)(1) Pub. L. 101–508, § 11101(d)(1)(B), substituted “1989” for “1987”.
• (i)(2)(A) Pub. L. 101–508, § 11111(e)(1), (2), substituted “clause (i) of subparagraph (B)” for “clause (i) or (ii) of…
• (i)(2)(B) Pub. L. 101–508, § 11111(e)(3), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
• (j) Pub. L. 101–508, § 11111(b), added subsec. (j).

§ 38 General business credit

• (b)(1) Pub. L. 101–508, § 11813(b)(2)(A), substituted “section 46” for “section 46(a)”.
• (b)(4) Pub. L. 101–508, § 11511(b)(1), struck out “plus” at end.
• (b)(5) Pub. L. 101–508, § 11611(b)(1), struck out “plus” at end.
• (b)(5) Pub. L. 101–508, § 11511(b)(1), substituted “, plus” for period at end.
• (b)(6) Pub. L. 101–508, § 11611(b)(1), substituted “, plus” for period at end.
• (b)(6) Pub. L. 101–508, § 11511(b)(1), added par. (6).
• (b)(7) Pub. L. 101–508, § 11611(b)(1), added par. (7).
• (c)(2) Pub. L. 101–508, § 11813(b)(2)(B), redesignated par. (3) as (2) and struck out former par. (2) which permitted an…
• (c)(2) Pub. L. 101–508, § 11813(b)(2)(C), inserted “(as in effect on the day before the date of the enactment of the Revenue…
• (c)(3) Pub. L. 101–508, § 11813(b)(2)(B), redesignated par. (3) as (2).
• (d) Pub. L. 101–508, § 11813(b)(2)(D)(i), substituted “any provision” for “sections 46(f), 47(a), 196(a), and any other…
• (d)(2) Pub. L. 101–508, § 11813(b)(2)(D)(ii), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The…
• (d) Pub. L. 101–508, § 11813(b)(2)(D)(iii), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…

§ 39 Carryback and carryforward of unused credits

• (d) Pub. L. 101–508, § 11801(a)(2), struck out par. (1) which related to carryforwards from an unused credit year which did…
• (d) Pub. L. 101–508, § 11611(b)(2), added par. (5) relating to carryback of section 44 credit.
• (d) Pub. L. 101–508, § 11511(b)(2), added par. (5) relating to carryback of enhanced oil recovery credit.

§ 40 Alcohol, etc., used as fuel

• (a)(2) Pub. L. 101–508, § 11502(a)(1), substituted “, plus” for period at end.
• (a)(3) Pub. L. 101–508, § 11502(a)(2), added par. (3).
• (b) Pub. L. 101–508, § 11502(e)(2), which directed the insertion of “, and except as provided in subsection (h)” in…
• (b) Pub. L. 101–508, § 11502(b)(3), substituted “, alcohol credit, and small ethanol producer credit” for “and alcohol…
• (b)(4) (b)(5) Pub. L. 101–508, § 11502(b)(1), (2), added par. (4) and redesignated former par. (4) as (5).
• (d)(3)(C) (d)(3)(D) Pub. L. 101–508, § 11502(d)(1), (2), added subpar. (C), redesignated former subpar. (C) as (D), and substituted…
• (e) Pub. L. 101–508, § 11502(f), amended subsec. (e) generally, substituting present provisions for provisions prohibiting…
• (g) Pub. L. 101–508, § 11502(c), added subsec. (g).
• (h) Pub. L. 101–508, § 11502(e)(1), added subsec. (h).

§ 41 Credit for increasing research activities

• (e)(5)(C)(i) Pub. L. 101–508, § 11101(d)(1)(C)(i), inserted before period at end “, by substituting ‘calendar year 1987’ for…
• (e)(5)(C)(ii) Pub. L. 101–508, § 11101(d)(1)(C)(ii), (iii), substituted “1989” for “1987” and inserted at end “Such substitution…
• (h) Pub. L. 101–508, § 11402(a), substituted “December 31, 1991” for “December 31, 1990” wherever appearing and “January 1…

§ 42 Low-income housing credit

• (b)(1) Pub. L. 101–508, § 11701(a)(1)(B), struck out at end “A building shall not be treated as described in subparagraph (B)…
• (c)(2) Pub. L. 101–508, § 11701(a)(1)(A), inserted at end “Such term does not include any building with respect to which…
• (c)(2) Pub. L. 101–508, § 11407(b)(5)(A), inserted before period at end of last sentence “(other than assistance under the…
• (d)(2)(D)(i)(I) Pub. L. 101–508, § 11812(b)(3), inserted “(as in effect on the day before the date of the enactment of the Revenue…
• (d)(2)(D)(ii) Pub. L. 101–508, § 11407(b)(8), added subcl. (V).
• (d)(5)(B) Pub. L. 101–508, § 11812(b)(3), which directed the insertion of “(as in effect on the day before the date of the…
• (d)(5) Pub. L. 101–508, § 11407(b)(4), inserted at end “If the Secretary of Housing and Urban Development determines that…
• (d)(5) Pub. L. 101–508, § 11701(a)(2)(B), inserted before period at end “for such year”.
• (d)(5) Pub. L. 101–508, § 11701(a)(2)(A), which directed the insertion of “which is designated by the Secretary of Housing and…
• (g)(2)(B)(iv) Pub. L. 101–508, § 11407(b)(3), added cl. (iv).
• (g)(2)(D)(i) Pub. L. 101–508, § 11701(a)(3)(A), inserted before period at end “and such unit continues to be rent-restricted”.
• (g)(2)(D)(ii) Pub. L. 101–508, § 11701(a)(4), inserted at end “In the case of a project described in section 142(d)(4)(B), the…
• (g)(3)(A) Pub. L. 101–508, § 11701(a)(5)(A), substituted “the 1st year of the credit period for such building” for “the 12-month…
• (h)(3)(C) Pub. L. 101–508, § 11701(a)(6)(A), substituted “the sum of the amounts described in clauses (i) and (iii)” for “the…
• (h)(3)(D)(ii)(II) Pub. L. 101–508, § 11701(a)(6)(B), substituted “the sum of the amounts described in clauses (i) and (iii)” for “the…
• (h)(5)(B) Pub. L. 101–508, § 11407(b)(9)(A), inserted “own an interest in the project (directly or through a partnership) and”…
• (h)(5)(C)(i) (h)(5)(C)(ii) (h)(5)(C)(iii) Pub. L. 101–508, § 11407(b)(9)(B), added cl. (ii) and redesignated former cl. (ii) as (iii).
• (h)(5)(D)(i) Pub. L. 101–508, § 11407(b)(9)(C), inserted “ownership and” before “material participation”.
• (h)(6)(B)(i) Pub. L. 101–508, § 11701(a)(7)(A), inserted before comma at end “and which prohibits the actions described in…
• (h)(6)(B)(ii) Pub. L. 101–508, § 11701(a)(7)(B), substituted “requirement and prohibitions” for “requirement”.
• (h)(6)(B)(iii) (h)(6)(B)(iv) (h)(6)(B)(v) Pub. L. 101–508, § 11701(a)(8)(A), added cl. (iii) and redesignated former cls. (iii) and (iv) as (iv) and (v)…
• (h)(6)(E)(i)(I) Pub. L. 101–508, § 11701(a)(9), inserted before comma “unless the Secretary determines that such acquisition is part of…
• (h)(6)(E)(ii)(II) Pub. L. 101–508, § 11701(a)(8)(C), inserted before period at end “not otherwise permitted under this section”.
• (h)(6)(F) Pub. L. 101–508, § 11701(a)(8)(D), inserted “the nonlow-income portion of the building for fair market value and”…
• (h)(6)(J) (h)(6)(K) (h)(6) Pub. L. 101–508, § 11701(a)(8)(B), redesignated subpars. (K) and (L) as (J) and (K), respectively, and struck out…
• (i)(3)(D) Pub. L. 101–508, § 11407(b)(6), substituted “Certain students” for “Students in government-supported job training…
• (i)(7) Pub. L. 101–508, § 11701(a)(10), redesignated par. (8) as (7).
• (i)(7)(A) Pub. L. 101–508, § 11407(b)(1), substituted “the tenants (in cooperative form or otherwise) or resident management…
• (i)(8) Pub. L. 101–508, § 11701(a)(10), redesignated par. (8) as (7).
• (k)(1) Pub. L. 101–508, § 11813(b)(3)(A), substituted “49(a)(1)” for “46(c)(8)”, “49(a)(2)” for “46(c)(9)”, and “49(b)(1)” for…
• (k)(2)(A)(ii) Pub. L. 101–508, § 11813(b)(3)(B), substituted “49(a)(1)(D)(iv)(II)” for “46(c)(8)(D)(iv)(II)”.
• (m)(1)(B)(ii) (m)(1)(B)(iii) (m)(1)(B) Pub. L. 101–508, § 11407(b)(7)(B), redesignated cls. (iii) and (iv) as (ii) and (iii), respectively, and struck out…
• (m)(1)(B)(ii) (m)(1)(B)(iii) (m)(1)(B) Pub. L. 101–508, § 11407(b)(2), amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: “which…
• (m)(2)(B) Pub. L. 101–508, § 11407(b)(7)(A), added cl. (iii) and inserted provision that cl. (iii) not be applied so as to impede…
• § 42 Pub. L. 101–508, § 11407(a)(1)(A), substituted “1991” for “1990” wherever appearing.
• § 42 Pub. L. 101–508, § 11407(a)(1)(B), added par. (2) and struck out former par. (2) which read as follows: “For purposes…

§ 43 Enhanced oil recovery credit

• Enacted § 43

§ 44 Expenditures to provide access to disabled individuals

• Enacted § 44

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

• (b)(1) Pub. L. 101–508, § 11402(b)(2), substituted “December 31, 1991” for “December 31, 1990”.
• § 45C Pub. L. 101–508, § 11411, substituted “December 31, 1991” for “December 31, 1990”.

§ 45K Credit for producing fuel from a nonconventional source

• (b)(3)(A)(i)(III) Pub. L. 101–508, § 11813(b)(1)(A), substituted “section 48(a)(4)(C)” for “section 48(l)(11)(C)”.
• (b)(4) Pub. L. 101–508, § 11813(b)(1)(B), substituted “section 49(b) or 50(a)” for “section 47” in two places.
• (b)(5) (b) Pub. L. 101–508, § 11501(c)(1), added par. (5) and redesignated former par. (5) as (6).
• (c)(1)(B) (c)(1)(C) (c)(1) Pub. L. 101–508, § 11816(a), inserted “and” at end of subpar. (B), substituted a period for a comma at end of subpar.…
• (c)(2)(B) Pub. L. 101–508, § 11501(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…
• (c)(3) Pub. L. 101–508, § 11813(b)(1)(C), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The term…
• (c) Pub. L. 101–508, § 11816(b)(1), struck out par. (4) “Qualifying processed wood fuel” which read as follows:
• (c) Pub. L. 101–508, § 11816(b)(1), struck out par. (5) “Agricultural byproduct steam” which read as follows: “Steam…
• (d)(4) Pub. L. 101–508, § 11816(b)(2), amended par. (4) generally, striking out “Special rules applicable to” before “Gas” in…
• (d)(5) (d)(6) Pub. L. 101–508, § 11816(b)(3), (4), redesignated par. (6) as (5), substituted “subparagraph (C)” for “subparagraph…
• (d)(7) (d)(8) (d) Pub. L. 101–508, § 11816(b)(3), redesignated pars. (7) to (9) as (6) to (8), respectively.
• (f) Pub. L. 101–508, § 11816(b)(5), amended subsec. (f) generally, redesignating former par. (1) as subsec. (f), making…
• (f)(1)(A) Pub. L. 101–508, § 11501(a)(1), substituted “1993” for “1991”.
• (f)(1)(B) Pub. L. 101–508, § 11501(a)(2), substituted “2003” for “2001”.

§ 46 Amount of credit

• § 46 Pub. L. 101–508, § 11813(a), amended section generally, substituting present provisions for provisions relating to…
• § 46 Pub. L. 101–508, § 11406, substituted “Dec. 31, 1991” for “Sept. 30, 1990” in table items (viii) C. and (ix) B.

§ 47 Rehabilitation credit

• § 47 Pub. L. 101–508, § 11813(a), amended section generally, substituting section catchline for one which read: “Certain…
• (b)(1) (b)(2) (b) Pub. L. 101–508, § 11801(c)(8)(A), inserted “or” at end of par. (1), substituted a period for “, or” at end of par.…

§ 48 Energy credit

• § 48 Pub. L. 101–508, § 11813(a), amended section generally, substituting section catchline for one which read…
• (a)(8) Pub. L. 101–508, § 11801(c)(6)(A), struck out par. (8) “Amortized property” which read as follows: “Any property with…

§ 49 At-risk rules

• § 49 Pub. L. 101–508, § 11813(a), amended section generally, substituting section catchline for one which read: “Termination…

§ 50 Other special rules

• Enacted § 50

§ 51 Amount of credit

• (c)(4) Pub. L. 101–508 substituted “December 31, 1991” for “September 30, 1990”.

§ 52 Special rules

• (e) Pub. L. 101–508 substituted “section 46 (as in effect on the day before the date of the enactment of the Revenue…

§ 55 Alternative minimum tax imposed

• (b)(1)(A) Pub. L. 101–508, § 11102(a), substituted “24 percent” for “21 percent”.
• (c)(1) Pub. L. 101–508, § 11813(b)(5), substituted “section 49(b) or 50(a)” for “section 47”.

§ 56 Adjustments in computing alternative minimum taxable income

• (d)(1)(B)(ii) Pub. L. 101–508, § 1702(e)(1)(A), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “in the…
• (a)(1)(D) Pub. L. 101–508, § 11812(b)(4), substituted “section 168(i)(10)” for “section 167(l)(3)(A)”.
• (b)(1) Pub. L. 101–508, § 11103(b), added subpar. (F).
• (b)(3) Pub. L. 101–508, § 11801(c)(9)(G)(i), substituted “section 422” for “section 422A”.
• (b)(3) Pub. L. 101–508, § 11801(c)(9)(G)(ii), which directed the substitution of “section 422(c)(2)” for “section 422A(c)(2)”…
• (c) Pub. L. 101–508, § 11801(c)(2)(A), substituted heading for one which read: “Adjustment for book income or adjusted…
• (d)(1)(A) Pub. L. 101–508, § 11531(b)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the…
• § 56 Pub. L. 101–508, § 11801(a)(3), struck out subsec. (f) which related to adjustments for book income of corporations…
• § 56 Pub. L. 101–508, § 11801(c)(2)(B), which directed that pars. (1) and (2) “of section 59(g) are each amended by striking…
• § 56 Pub. L. 101–508, § 11801(c)(2)(C), substituted heading for one which read: “Special rule for dividends from section 936…
• § 56 Pub. L. 101–508, § 11704(a)(1), substituted “years” for “year”.
• § 56 Pub. L. 101–508, § 11301(b), redesignated subpars. (G) and (H) as (F) and (G), respectively, and struck out former…
• § 56 Pub. L. 101–508, § 11531(a), added subsec. (h).

§ 57 Items of tax preference

• (a)(2)(D)(ii) Pub. L. 101–508, § 11815(b)(3), substituted “section 613(e)(2)” for “section 613(e)(3)”.
• (a)(4) Pub. L. 101–508, § 11801(c)(12)(A), struck out “585 or” after “section”.
• (a)(6) Pub. L. 101–508, § 11344, inserted at end “In the case of any taxable year beginning in 1991, such term shall not…

§ 59 Other definitions and special rules

• (a)(1)(B) (a)(1)(C) (a)(1) Pub. L. 101–508, § 11801(c)(2)(D), inserted “and” at end of subpar. (B), redesignated subpar. (D) as (C), and struck…
• (a)(2) Pub. L. 101–508, § 11531(b)(2), inserted before period at end “and the alternative tax energy preference deduction…
• (j) Pub. L. 101–508, § 11101(d)(3)(A), substituted “section 1(g)” for “section 1(i)” in pars. (1), (2)(A), (B)(i)(I), (II)…
• (j)(1)(B) Pub. L. 101–508, § 11702(d)(1), inserted “(or, if greater, the child’s share of the unused parental minimum tax…
• (j)(2) Pub. L. 101–508, § 11101(d)(3)(B), substituted “section 1(g)(3)(B)” for “section 1(i)(3)(B)”.
• (j)(2) Pub. L. 101–508, § 11702(d)(3), substituted “paragraphs (3)(D), (5), and (6)” for “paragraphs (5) and (6)”.
• (j) Pub. L. 101–508, § 11702(d)(2), added par. (3).

§ 62 Adjusted gross income defined

• (a)(13) Pub. L. 101–508, § 11802(e)(1), amended par. (13) generally. Prior to amendment, par. (13) read as follows: “The…

§ 63 Taxable income defined

• (c)(4)(B) Pub. L. 101–508, § 11101(d)(1)(D), inserted before period at end “, by substituting ‘calendar year 1987’ for ‘calendar…
• § 63 Pub. L. 101–508, § 11801(a)(4), struck out subsec. (h) “Transitional rule for taxable years beginning in 1987” which…

§ 68 Overall limitation on itemized deductions

• Enacted § 68

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

• (t)(2)(C) (t)(2)(D) Pub. L. 101–508, § 11802(a)(1), (2), redesignated subpar. (D) as (C) and struck out former subpar. (C) “Exceptions for…
• (t)(3)(A) Pub. L. 101–508, § 11802(a)(3), substituted “and (C)” for “(C), and (D)”.

§ 79 Group-term life insurance purchased for employees

• (d)(6) Pub. L. 101–508 substituted “any former employee” for “any retired employee”.

§ 83 Property transferred in connection with performance of services

• (i) Pub. L. 101–508 struck out subsec. (i) “Transition rules” which read as follows: “This section shall apply to property…

§ 108 Income from discharge of indebtedness

• (e)(8) Pub. L. 101–508, § 11325(b)(2), inserted provision at end that any stock which is a disqualified stock, as so defined…
• (e)(10)(B) Pub. L. 101–508, § 11325(b)(1), substituted heading for one which read: “Exception for title 11 cases and insolvent…
• (e) Pub. L. 101–508, § 11325(a)(1), added par. (11).
• (g)(1)(B) Pub. L. 101–508, § 11813(b)(6), substituted “section 49(a)(1)(D)(iv)” for “section 46(c)(8)(D)(iv)”.

§ 125 Cafeteria plans

• (f) Pub. L. 101–508 substituted “section 117,” for “section 117, 124,”.

§ 127 Educational assistance programs

• (c)(1) Pub. L. 101–508, § 11403(b), struck out at end “The term ‘educational assistance’ also does not include any payment…
• (d) Pub. L. 101–508, § 11403(a), substituted “December 31, 1991” for “September 30, 1990”.

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

• (b)(2)(B) Pub. L. 101–508, § 11702(h)(1), substituted “the $40,000 and $60,000 amounts” for “each dollar amount” in introductory…
• (b)(2)(B)(ii) Pub. L. 101–508, § 11101(d)(1)(E), struck out before period at end “, determined by substituting ‘calendar year 1989’…
• (b)(2)(C) Pub. L. 101–508, § 11702(h)(2), struck out “(A) or” after “subparagraph”.

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

• (a)(1) Pub. L. 101–508, § 11408(a), substituted “December 31, 1991” for “September 30, 1990” in heading and text.
• (m)(1) Pub. L. 101–508, § 11408(c)(3)(A), substituted “increased by the lesser of—” and subpars. (A) and (B) for “increased by…
• (m)(2)(B) Pub. L. 101–508, § 11408(c)(1)(C), substituted “9 years” for “10 years”.
• (m)(4)(A)(iii) Pub. L. 101–508, § 11408(c)(2)(A), added cl. (iii).
• (m)(4)(C)(i) Pub. L. 101–508, § 11408(c)(1)(A), substituted heading for one which read: “Dispositions during 1st 5 years” and…
• (m)(4)(C)(ii) (m)(4)(C) Pub. L. 101–508, § 11408(c)(1)(B), redesignated cl. (iii) as (ii) and struck out former cl. (ii) “Dispositions during…
• (m)(4)(E) Pub. L. 101–508, § 11408(c)(2)(B), added subpar. (E).
• (m)(5) Pub. L. 101–508, § 11408(c)(2)(C)(i), added heading and struck out former heading which read: “Reduction of recapture…
• (m)(5)(A) Pub. L. 101–508, § 11408(c)(2)(C)(i), added subpar. (A) and struck out former subpar. (A) “In general” which read as…
• (m)(5)(B) (m)(5) Pub. L. 101–508, § 11408(c)(2)(C), redesignated subpar. (C) as (B), substituted “paragraph (4)” for “this paragraph” in…
• (m)(6) Pub. L. 101–508, § 11408(c)(3)(B)(i), substituted “Special rules relating to limitation” for “Limitation” in heading.
• (m)(6)(A) Pub. L. 101–508, § 11408(c)(3)(B)(ii), (iii), struck out at beginning “In no event shall the recapture amount of the…
• (m)(7)(B)(ii) Pub. L. 101–508, § 11408(c)(3)(C), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the…

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

• (a)(12)(B) Pub. L. 101–508 substituted “December 31, 1991” for “September 30, 1990”.

§ 145 Qualified 501(c)(3) bond

• (d)(4) Pub. L. 101–508 substituted “section 47(c)(1)(C)” for “section 48(g)(1)(C)” wherever appearing and “section…

§ 147 Other requirements applicable to certain private activity bonds

• (d)(3)(B) Pub. L. 101–508 substituted “section 47(c)(2)(B)” for “section 48(g)(2)(B)”.

§ 148 Arbitrage

• (c)(2)(D) Pub. L. 101–508, § 11701(j)(5), substituted “subsection (f)(4)(C)(iv)” for “subsection (f)(4)(B)(iv)(IV)” in…
• (c)(2)(D) (c)(2) Pub. L. 101–508, § 11701(j)(6), made technical amendment to Pub. L. 101–239, § 7652(c). See 1989 Amendment note below.
• (f)(4)(B)(i) Pub. L. 101–508, § 11701(j)(2), substituted in last sentence “replacement fund, and gross proceeds which arise after…
• (f)(4)(B)(i)(II) Pub. L. 101–508, § 11701(j)(1), amended subcl. (II) generally. Prior to amendment, subcl. (II) read as follows: “the…
• (f)(4)(B)(iv) Pub. L. 101–508, § 11701(j)(4), amended cl. (iv) generally, substituting present provisions for provisions which…
• (f)(4)(C) (f)(4)(D) (f)(4) Pub. L. 101–508, § 11701(j)(3)(A), (B), added subpar. (C) and redesignated former subpars. (C) and (D) as (D) and (E)…

§ 151 Allowance of deductions for personal exemptions

• (d) Pub. L. 101–508, § 11104(a), amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “For…
• (d)(3)(B) Pub. L. 101–508, § 11101(d)(1)(F), substituted “1989” for “1987”.

§ 162 Trade or business expenses

• (l)(3) Pub. L. 101–508, § 11111(d)(2), substituted heading for one which read: “Coordination with medical deduction” and…
• (l) Pub. L. 101–508, § 11410(a), substituted “December 31, 1991” for “September 30, 1990”.

§ 163 Interest

• (e)(5)(A) Pub. L. 101–508, § 11701(b)(1), amended last sentence generally. Prior to amendment, last sentence read as follows…
• (i)(3) Pub. L. 101–508, § 11701(b)(2)(B), inserted sentence at end.
• (i)(3)(B) Pub. L. 101–508, § 11701(b)(2)(A), struck out “(or stock)” after “obligation” wherever appearing.
• (j)(2) Pub. L. 101–508, § 11701(c)(2), substituted “or on any other day” for “and on such other days”.
• (j)(2) Pub. L. 101–508, § 11701(c)(1), substituted “reduced (but not below zero) by such” for “less such” in introductory…

§ 167 Depreciation

• (b) Pub. L. 101–508, § 11812(a), added subsec. (b) and struck out former subsec. (b) “Use of certain methods and rates”…
• (c) Pub. L. 101–508, § 11812(a)(1), redesignated subsec. (g) as (c) and struck out former subsec. (c) “Limitations on use…
• (d) Pub. L. 101–508, § 11812(a)(1), redesignated subsec. (h) as (d) and struck out former subsec. (d) “Agreement as to…
• (e) Pub. L. 101–508, § 11812(a)(1), redesignated subsec. (r) as (e) and struck out former subsec. (e) which related to…
• (e)(3)(B) Pub. L. 101–508, § 11812(b)(1) substituted “(d)” for “(h)”.
• (e)(4)(B) Pub. L. 101–508, § 11812(b)(1), substituted “(d)” for “(h)” in heading and text.
• (f) Pub. L. 101–508, § 11812(a)(1), redesignated subsec. (s) as (f) and struck out former subsec. (f) “Salvage value” which…
• (g) (h) Pub. L. 101–508, § 11812(a)(1), redesignated subsecs. (g) and (h) as (c) and (d), respectively.
• § 167 Pub. L. 101–508, § 11812(a)(1), struck out subsec. (j) which related to special rules for section 1250 property…
• § 167 Pub. L. 101–508, § 11812(a)(1), struck out subsec. (k) which related to depreciation of expenditures to rehabilitate…
• § 167 Pub. L. 101–508, § 11812(a)(1), struck out subsec. (l) which related to reasonable allowance in case of property of…
• § 167 Pub. L. 101–508, § 11812(a)(1), struck out subsec. (m) which related to class lives.
• § 167 Pub. L. 101–508, § 11812(a)(1), struck out subsec. (p) which related to straight line method for boilers fueled by oil…
• § 167 Pub. L. 101–508, § 11812(a)(1), struck out subsec. (q) which related to retirement or replacement of certain boilers…
• § 167 Pub. L. 101–508, § 11812(a)(1), redesignated subsecs. (r) and (s) as (e) and (f), respectively.

§ 168 Accelerated cost recovery system

• (e)(2)(A) Pub. L. 101–508, § 11812(b)(2)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “The…
• (e)(3)(B)(vi)(I) Pub. L. 101–508, § 11813(b)(9)(A)(i), which directed the substitution of “subparagraph (A) of section 48(a)(3) (or…
• (e)(3)(B)(vi)(II) Pub. L. 101–508, § 11813(b)(9)(A)(ii), inserted “(as in effect on the day before the date of the enactment of the…
• (e)(3)(D)(i) Pub. L. 101–508, § 11813(b)(9)(B)(i), substituted “subsection (i)(13)” for “section 48(p)”.
• (f)(2) Pub. L. 101–508, § 11812(b)(2)(C), substituted “subsection (i)(10)” for “section 167(l)(3)(A).”
• (g)(4) Pub. L. 101–508, § 11813(b)(9)(C), substituted heading for one which read: “Property used predominantly outside the…
• (i)(1) Pub. L. 101–508, § 11812(b)(2)(D), inserted at end “The reference in this paragraph to subsection (m) of section 167…
• (i)(7)(B)(i) Pub. L. 101–508, § 11801(c)(8)(B), struck out, “371(a), 374(a),” after “361,”.
• (i)(9)(A)(ii) Pub. L. 101–508, § 11812(b)(2)(E), struck out “(determined without regard to section 167(l))” after “section 167”.
• (i)(10) Pub. L. 101–508, § 11812(b)(2)(B), amended par. (10) generally. Prior to amendment, par. (10) read as follows: “The…
• (i)(13) Pub. L. 101–508, § 11813(b)(9)(B)(ii), added par. (13).

§ 170 Charitable, etc., contributions and gifts

• (h)(4)(B)(ii) Pub. L. 101–508, § 11813(b)(10), substituted “section 47(c)(3)(B)” for “section 48(g)(3)(B)”.
• (i) Pub. L. 101–508, § 11801(a)(11), (c)(5), redesignated subsec. (j) as (i) and struck out former subsec. (i) which…
• (j) (k) (l) (m) (n) Pub. L. 101–508, § 11801(c)(5), redesignated subsecs. (j) to (n) as (i) to (m), respectively.

§ 172 Net operating loss deduction

• (b) Pub. L. 101–508, § 11811(a), amended subsec. (b) generally, substituting present provisions for provisions delineating…
• (b)(1) Pub. L. 101–508, § 11701(d), struck out “a C corporation” after “means” in introductory provisions, substituted “a C…
• (f) Pub. L. 101–508, § 11811(b)(1), (2)(A), redesignated subsec. (j) as (f), substituted heading for one which read: “Rules…
• (g) Pub. L. 101–508, § 11811(b)(1), redesignated subsec. (l) as (g) and struck out former subsec. (g) which related to…
• (g)(2) Pub. L. 101–508, § 11811(b)(3), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “In applying…
• § 172 Pub. L. 101–508, § 11811(b)(1), redesignated subsec. (m) as (h) and struck out former subsec. (h) which defined…
• § 172 Pub. L. 101–508, § 11324(a), in par. (3)(B)(ii), formerly subsec. (m)(3)(B)(ii), substituted heading for one which…
• § 172 Pub. L. 101–508, § 11811(b)(4), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “In…
• § 172 Pub. L. 101–508, § 11704(a)(2), substituted “subsection (b)(2)” for “subsection (B)(2)” in heading.
• § 172 Pub. L. 101–508, § 11811(b)(1), redesignated subsec. (n) as (i) and struck out former subsec. (i) which provided for…
• § 172 Pub. L. 101–508, § 11811(b)(1), redesignated subsec. (j) as (f).
• § 172 Pub. L. 101–508, § 11811(b)(1), struck out subsec. (k) which related to definitions and special rules relating to…
• § 172 Pub. L. 101–508, § 11811(b)(1), redesignated subsecs. (l) to (n) as (g) to (i), respectively.

§ 179 Election to expense certain depreciable business assets

• (d)(1) Pub. L. 101–508, § 11813(b)(11)(A), substituted “section 1245 property (as defined in section 1245(a)(3))” for “section…
• (d)(5) Pub. L. 101–508, § 11813(b)(11)(B), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “This…

§ 190 Expenditures to remove architectural and transportation barriers to the handicapped and elderly

• (c) Pub. L. 101–508, § 11611(c), substituted “$15,000” for “$35,000”.
• § 190 Pub. L. 101–508, § 11801(a)(14), struck out subsec. (d) which related to application of section to taxable years…

§ 196 Deduction for certain unused business credits

• (c)(1) Pub. L. 101–508, § 11813(b)(12)(A), substituted “section 46” for “section 46(a)” and “section 50(c)” for “section…
• (c)(5) Pub. L. 101–508, § 11511(b)(3), added par. (5).
• (d) Pub. L. 101–508, § 11813(b)(12)(B), substituted “section 46” for “section 46(a)” and “other than the rehabilitation…

§ 213 Medical, dental, etc., expenses

• (d)(9) Pub. L. 101–508, § 11342(a), added par. (9).
• § 213 Pub. L. 101–508, § 11111(d)(1), added subsec. (f).

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

• (e) Pub. L. 101–508 substituted “corporations” for “associations” in heading and “corporation” for “association” after…

§ 226 Cross reference

• § 226 Pub. L. 101–508 renumbered section 221 of this title as this section.

§ 243 Dividends received by corporations

• (b) Pub. L. 101–508 amended subsec. (b) generally, substituting present provisions for provisions defining “qualifying…

§ 263 Capital expenditures

• (b) Pub. L. 101–508, § 11801(a)(16), struck out subsec. (b) “Expenditures for advertising and good will” which read as…
• (c) Pub. L. 101–508, § 11815(b)(3), substituted “section 613(e)(2)” for “section 613(e)(3)”.

§ 265 Expenses and interest relating to tax-exempt income

• (a)(2) Pub. L. 101–508, § 11801(c)(4), struck out before period at end “, or to purchase or carry any certificate to the…

§ 274 Disallowance of certain entertainment, etc., expenses

• (l) Pub. L. 101–508, § 11802(b)(1), in amending par. (2) generally, struck out “(A) In general” and subpar. (B) which…
• (n)(2) Pub. L. 101–508, § 11802(b)(2)(A)(ii), (iii), substituted “described in subparagraph (D)” for “described in…
• (n)(2)(D) (n)(2) Pub. L. 101–508, § 11802(b)(2)(A)(i), redesignated subpars. (E) and (F) as (D) and (E), respectively, and struck out…
• (n)(3) Pub. L. 101–508, § 11802(b)(2)(B), struck out par. (3) “Qualified meeting” which read as follows: “For purposes of…

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

• § 280F Pub. L. 101–508, § 11813(b)(13)(E), struck out “investment tax credit and” after “Limitation on” in section catchline.
• (a)(1) Pub. L. 101–508, § 11813(b)(13)(A)(i), redesignated par. (2) as (1) and struck out former par. (1) “Investment tax…
• (a)(2) Pub. L. 101–508, § 11813(b)(13)(A)(i), redesignated par. (3) as (2). Former par. (2) redesignated (1).
• (a)(2)(B) Pub. L. 101–508, § 11813(b)(13)(A)(ii), struck out “the credit determined under section 46(a) or” after “the amount of”.
• (a) Pub. L. 101–508, § 11813(b)(13)(A)(i), redesignated par. (3) as (2).
• (a) Pub. L. 101–508, § 11813(b)(13)(A)(i), struck out par. (4) “Special rule where election of reduced credit in lieu of…
• (b) Pub. L. 101–508, § 11813(b)(13)(B), redesignated pars. (2) to (4) as (1) to (3), respectively, and struck out former…
• (c)(1) Pub. L. 101–508, § 11813(b)(13)(C), struck out “credits and” after “Lessor’s” in heading.
• (d)(3)(A) Pub. L. 101–508, § 11813(b)(13)(D), struck out “the amount of any credit allowable under section 38 to the employee or”…

§ 291 Special rules relating to corporate preference items

• (e)(1)(A) Pub. L. 101–508 struck out subpar. (A) “Excess reserves for losses on bad debts of financial institutions” which read…

§ 305 Distributions of stock and stock rights

• (c) Pub. L. 101–508, § 11322(a), inserted sentence at end specifying the contents of regulations.
• (d)(1) Pub. L. 101–508, § 11801(c)(7)(A), struck out “(other than subsection (e))” after “this section”.
• (e) (f) Pub. L. 101–508, § 11801(a)(17), (c)(7)(B), redesignated subsec. (f) as (e) and struck out former subsec. (e) relating…

§ 306 Dispositions of certain stock

• § 306 Pub. L. 101–508 struck out subsec. (h) which related to stock received in distributions and reorganizations to which…

§ 312 Effect on earnings and profits

• (k)(2) Pub. L. 101–508, § 11812(b)(5), substituted heading for one which read: “Exceptions” and amended text generally. Prior…
• (k)(5) Pub. L. 101–508, § 11813(b)(14), substituted “section 50(c)” for “section 48(q)”.

§ 338 Certain stock purchases treated as asset acquisitions

• (h)(10)(C) Pub. L. 101–508 added subpar. (C).

§ 351 Transfer to corporation controlled by transferor

• (e)(2) Pub. L. 101–508 substituted “is used” for “are used”.

§ 354 Exchanges of stock and securities in certain reorganizations

• § 354 Pub. L. 101–508 struck out subsec. (d) “Exchanges under the final system plan for ConRail” which read as follows: “No…

§ 355 Distribution of stock and securities of a controlled corporation

• (c) Pub. L. 101–508, § 11321(a), added subsec. (c) and struck out former subsec. (c) which read as follows:
• (c) Pub. L. 101–508, § 11702(e)(2), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows…
• (d) Pub. L. 101–508, § 11321(a), added subsec. (d).

§ 356 Receipt of additional consideration

• (d)(2)(B)(i) Pub. L. 101–508 struck out “or (d)” after “subsection (c)”.

§ 357 Assumption of liability

• (a) (b)(1) Pub. L. 101–508, § 11801(c)(8)(F)(i), substituted “351 or 361” for “351, 361, 371, or 374” wherever appearing.
• (c)(2) Pub. L. 101–508, § 11801(c)(8)(F)(ii), inserted “or” at end of subpar. (A), redesignated subpar. (C) as (B), and struck…

§ 358 Basis to distributees

• (a) Pub. L. 101–508, § 11801(c)(8)(G)(i), substituted “or 361” for “361, 371(b), or 374”.
• (b) Pub. L. 101–508, § 11801(c)(8)(G)(ii), struck out par. (3) “Certain exchanges involving ConRail” which read as follows…

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

• (c)(5) Pub. L. 101–508 added par. (5).

§ 367 Foreign corporations

• (a)(5) Pub. L. 101–508 substituted “subsection (a) or (b) of section 361” for “section 361”.

§ 381 Carryovers in certain corporate acquisitions

• (c)(6) Pub. L. 101–508, § 11812(b)(6)(A), substituted “sections 167 and 168” for “subsections (b), (j), and (k) of section…
• (c)(15) Pub. L. 101–508, § 11801(c)(10)(A), struck out par. (15) “Indebtedness of certain personal holding companies” which…
• (c)(24) (c)(25) (c)(26) Pub. L. 101–508, § 11812(b)(6)(B), redesignated pars. (25) and (26) as (24) and (25), respectively, and struck out…

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

• (h) Pub. L. 101–508, which directed that “section 401(h) is amended by inserting ‘, and subject to the provisions of…

§ 402 Taxability of beneficiary of employees’ trust

• (a) Pub. L. 101–508, § 11801(c)(9)(I)(i), substituted “section 424” for “section 425”.
• (a) Pub. L. 101–508, § 11801(c)(9)(I)(ii), substituted “section 424(f)” for “section 425(f)”.

§ 403 Taxation of employee annuities

• (b)(12)(A) Pub. L. 101–508 inserted “involving a one-time irrevocable election” after “similar arrangement” in second sentence.

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

• (a)(1)(C) Pub. L. 101–508 substituted “section 168(i)(10)(C)” for “section 167(l)(3)(A)(iii)”.

§ 413 Collectively bargained plans, etc.

• (c)(7)(B) Pub. L. 101–508 substituted “Assets” for “Asset” in heading.

§ 414 Definitions and special rules

• (n)(2)(B) Pub. L. 101–508 struck out “(6 months in the case of core health benefits)” after “1 year”.

§ 420 Transfers of excess pension assets to retiree health accounts

• Enacted § 420

§ 421 General rules

• (a) Pub. L. 101–508, § 11801(c)(9)(B)(i)(I), substituted “422(a) or 423(a)” for “422(a), 422A(a), 423(a), or 424(a)” in…
• (a)(1) Pub. L. 101–508, § 11801(c)(9)(B)(i)(II), struck out “except as provided in section 422(c)(1),” before “no income”.
• (a)(2) Pub. L. 101–508, § 11801(c)(9)(B)(i)(III), substituted “424(a)” for “425(a)”.
• (b) Pub. L. 101–508, § 11801(c)(9)(B)(ii), substituted “422(a) or 423(a)” for “422(a), 422A(a), 423(a), or 424(a)” and…
• (c)(1)(A) Pub. L. 101–508, § 11801(c)(9)(B)(iii)(I), substituted “422(a) and 423(a)” for “422(a), 422A(a), 423(a), and 424(a)”.
• (c)(1)(B) Pub. L. 101–508, § 11801(c)(9)(B)(iii)(II), substituted “section 423(c)” for “sections 423(c) and 424(c)(1)”.
• (c)(2) (c)(3)(A) Pub. L. 101–508, § 11801(c)(9)(B)(iii)(III), substituted “423(c)” for “422(c)(1), 423(c), or 424(c)(1)” wherever…
• (c)(3)(B) Pub. L. 101–508, § 11801(c)(9)(B)(iii)(IV), (V), substituted “section 423(c)” for “sections 422(c)(1), 423(c), and…

§ 422 Incentive stock options

• § 422 Pub. L. 101–508, § 11801(c)(9)(A)(i), renumbered section 422A of this title as this section.
• (a)(2) Pub. L. 101–508, § 11801(c)(9)(C)(i), substituted “424(a)” for “425(a)”.
• (c)(5) (c)(6) (c)(7) (c) Pub. L. 101–508, § 11801(c)(9)(C)(ii), redesignated pars. (6) to (8) as (5) to (7), respectively, and struck out former…

§ 423 Employee stock purchase plans

• (a) Pub. L. 101–508, § 11801(c)(9)(D)(i), struck out “(other than a restricted stock option granted pursuant to a plan…
• (a)(2) Pub. L. 101–508, § 11801(c)(9)(D)(ii), substituted “424(a)” for “425(a)”.
• (b)(3) Pub. L. 101–508, § 11801(c)(9)(E), substituted “424(d)” for “425(d)”.

§ 424 Definitions and special rules

• § 424 Pub. L. 101–508, § 11801(c)(9)(A)(i), renumbered section 425 of this title as this section.
• (a) Pub. L. 101–508, § 11801(c)(9)(F)(i), substituted “424(a)” for “425(a)”.
• (c)(3)(A)(ii) Pub. L. 101–508, § 11801(c)(9)(F)(ii), substituted “422(a)(1) or 423(a)(1)” for “422(a)(1), 422A(a)(1), 423(a)(1), or…
• (d) Pub. L. 101–508, § 11801(c)(9)(F)(iii), substituted “422(b)(6) and 423(b)(3)” for “422(b)(7), 422A(b)(6), 423(b)(3)…
• (g) Pub. L. 101–508, § 11801(c)(9)(F)(iv), substituted “422(a)(2) and 423(a)(2)” for “422(a)(2), 422A(a)(2), 423(a)(2), and…
• (h)(2) Pub. L. 101–508, § 11801(c)(9)(F)(v)(I), added par. (2) and struck out former par. (2) which related to special rules…
• (h)(3) Pub. L. 101–508, § 11801(c)(9)(F)(v)(III), struck out at end “If a restricted stock option is exercisable after the…
• (h)(3)(B) Pub. L. 101–508, § 11801(c)(9)(F)(v)(II), substituted “section 423(b)(9)” for “sections 422(b)(6), 423(b)(9), and…

§ 447 Method of accounting for corporations engaged in farming

• § 447 Pub. L. 101–508, § 11702(b)(2), substituted “trade or business of farming” for “qualified farming trade or business”.
• § 447 Pub. L. 101–508, § 11702(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The…

§ 453B Gain or loss on disposition of installment obligations

• (d) Pub. L. 101–508 substituted heading for one which read: “Effect of distribution in liquidations to which section 332…

§ 460 Special rules for long-term contracts

• (e) Pub. L. 101–508 substituted “section 168(e)(2)(A)(ii)” for “section 167(k)”.

§ 461 General rule for taxable year of deduction

• (i)(3)(C) Pub. L. 101–508 amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “any tax shelter…

§ 465 Deductions limited to amount at risk

• (b)(6)(D) Pub. L. 101–508, § 11813(b)(15), substituted “49(a)(1)(D)(iv)” for “46(c)(8)(D)(iv)” wherever appearing.
• (c)(1)(E) Pub. L. 101–508, § 11815(b)(3), substituted “section 613(e)(2)” for “section 613(e)(3)”.

§ 468 Special rules for mining and solid waste reclamation and closing costs

• (a)(2)(B) Pub. L. 101–508 amended subpar. (B) generally, substituting present provisions for provisions providing for increase…

§ 468B Special rules for designated settlement funds

• (e) Pub. L. 101–508 substituted “This section (other than subsection (g))” for “This section”.

§ 469 Passive activity losses and credits limited

• (i)(3)(B) (i)(6)(B)(ii) Pub. L. 101–508, § 11813(b)(16)(A), substituted “rehabilitation credit determined under section 47” for “rehabilitation…
• (k)(1) Pub. L. 101–508, § 11813(b)(16)(B), substituted “rehabilitation credit determined under section 47” for “rehabilitation…
• § 469 Pub. L. 101–508, § 11704(a)(6), substituted “pre-enactment” for “preenactment”.

§ 503 Requirements for exemption

• (d) Pub. L. 101–508 struck out subsec. (d) “Special rule for loans” which read as follows: “For purposes of the application…

§ 512 Unrelated business taxable income

• (b)(14) Pub. L. 101–508 struck out par. (14) which read as follows: “Except as provided in paragraph (4), in the case of a…

§ 513 Unrelated trade or business

• (h)(2)(C)(ii) Pub. L. 101–508 inserted before period at end “, by substituting ‘calendar year 1987’ for ‘calendar year 1989’ in…

§ 535 Accumulated taxable income

• (c)(5) Pub. L. 101–508 substituted “section 1561” for “sections 1561 and 1564”.

§ 541 Imposition of personal holding company tax

• § 541 Pub. L. 101–508 struck out “(38.5 percent in the case of taxable years beginning in 1987)” after “28 percent”.

§ 545 Undistributed personal holding company income

• (c) § 545 Pub. L. 101–508 redesignated subsec. (d) as (c) and struck out former subsec. (c) which related to a special adjustment…

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

• (c)(1) Pub. L. 101–508, § 11801(c)(11)(A), substituted “paragraph (2)” for “paragraph (5)”.
• (c)(2) Pub. L. 101–508, § 11801(a)(25), (c)(11)(B), redesignated par. (5) as (2) and struck out former par. (2) “Transitional…
• (c) Pub. L. 101–508, § 11801(a)(25), struck out par. (3) “Special rules” which read as follows: “For purposes of this…
• (c) Pub. L. 101–508, § 11801(a)(25), struck out par. (4) “Transitional rule for banks” which read as follows: “In the case…
• (c) Pub. L. 101–508, § 11801(c)(11)(B), redesignated par. (5) as (2).

§ 585 Reserves for losses on loans of banks

• (b)(1) Pub. L. 101–508, § 11801(c)(12)(C), substituted “shall not exceed the addition to the reserve for losses on loans…
• (b)(2) Pub. L. 101–508, § 11801(a)(26), (c)(12)(D), redesignated par. (3) as (2) and struck out former par. (2) which related…
• (b)(3) Pub. L. 101–508, § 11801(c)(12)(D), (E), redesignated par. (4) as (3), substituted heading for one which read…
• (b) Pub. L. 101–508, § 11801(c)(12)(D), redesignated par. (4) as (3).

§ 593 Reserves for losses on loans

• (b) Pub. L. 101–508, § 11801(c)(12)(F), which directed the amendment of pars. (1)(A) and (E) by substituting “section…

§ 597 Treatment of transactions in which Federal financial assistance provided

• (c) Pub. L. 101–508 substituted “For purposes of” for “The purposes of”.

§ 613 Percentage depletion

• (a) Pub. L. 101–508, § 11522(a), inserted “(100 percent in the case of oil and gas properties)” after “50 percent”.
• (e)(1)(B) Pub. L. 101–508, § 11815(b)(2), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the…
• (e)(2) (e)(3) (e) Pub. L. 101–508, § 11815(b)(1), redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out former par.…

§ 613A Limitations on percentage depletion in case of oil and gas wells

• (c)(1) Pub. L. 101–508, § 11815(a)(1)(A), substituted “15 percent” for “the applicable percentage (determined in accordance…
• (c)(3)(A) Pub. L. 101–508, § 11523(b)(2), struck out at end “Clause (ii) shall not apply after December 31, 1983.”
• (c)(3)(A)(ii) Pub. L. 101–508, § 11523(b)(1), added cl. (ii) and struck out former cl. (ii) which read as follows: “the taxpayer’s…
• (c)(3)(B) Pub. L. 101–508, § 11815(a)(1)(B), amended subpar. (B) generally, substituting present provisions for provisions which…
• (c)(5) Pub. L. 101–508, § 11815(a)(1)(C), struck out par. (5) which provided table of applicable percentages for purposes of…
• (c)(6) Pub. L. 101–508, § 11523(a), amended par. (6) generally, providing for an increase in percentage depletion allowance…
• (c)(7)(A) (c)(7)(B) Pub. L. 101–508, § 11815(a)(2)(A), substituted “specified in paragraph (1)” for “specified in paragraph (5)”.
• (c)(7)(C) Pub. L. 101–508, § 11522(b)(1), substituted “taxable income” for “50-percent” before “limitation”.
• (c)(7) Pub. L. 101–508, § 11815(a)(1)(C), struck out subpar. (E) which provided special rules relating to production from…
• (c)(8)(B) (c)(8)(C) Pub. L. 101–508, § 11815(a)(2)(B), which directed amendment of subpars. (B) and (C) by substituting “determined under…
• (c)(9) Pub. L. 101–508, § 11815(a)(2)(B), which directed amendment of par. (9) by substituting “determined under paragraph…
• (c)(9) Pub. L. 101–508, § 11521(a), redesignated par. (11) as (9) and struck out former par. (9) which related to transfer of…
• (c)(10) Pub. L. 101–508, § 11521(a), redesignated par. (12) as (10) and struck out former par. (10) which related to transfers…
• (c)(11) Pub. L. 101–508, § 11521(a), redesignated par. (13) as (11). Former par. (11) redesignated (9).
• (c)(11) Pub. L. 101–508, § 11521(b), struck out subpars. (C) and (D) which related to coordination with the transfer rules of…
• (c) Pub. L. 101–508, § 11521(a), redesignated pars. (12) and (13) as (10) and (11), respectively.

§ 614 Definition of property

• (d) Pub. L. 101–508 substituted “taxable income” for “50 percent”.

§ 617 Deduction and recapture of certain mining exploration expenditures

• (i) § 617 Pub. L. 101–508 redesignated subsec. (j) as (i) and struck out former subsec. (i) which related to deduction of certain…

§ 642 Special rules for credits and deductions

• (e) Pub. L. 101–508, § 11812(b)(9), substituted “167(d)” for “167(h)”.
• (f) Pub. L. 101–508, § 11801(c)(6)(B), substituted “section 169” for “sections 169, 184, 187, and 188”.

§ 665 Definitions applicable to subpart D

• (e) Pub. L. 101–508 amended subsec. (e) generally. Prior to amendment, subsec. (e) read as follows: “For purposes of this…

§ 668 Interest charge on accumulation distributions from foreign trusts

• (c) Pub. L. 101–508 substituted heading for one which read “Special rules” and amended text generally, restating provisions…

§ 672 Definitions and rules

• (f) Pub. L. 101–508 added subsec. (f).

§ 691 Recipients of income in respect of decedents

• (c)(4) Pub. L. 101–508 substituted “1(h)” for “1(j)”.

§ 807 Rules for certain reserves

• (e) Pub. L. 101–508 added par. (7).

§ 832 Insurance company taxable income

• (b)(4) Pub. L. 101–508, § 11303(a), substituted “section 807.” for “section 807, pertaining to the life, burial, or funeral…
• (b)(5)(A) Pub. L. 101–508, § 11305(a), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “The term…
• (b)(7)(A) Pub. L. 101–508, § 11303(b)(2), substituted “such contracts into account” for “such amounts into account”.
• (b)(7)(A) Pub. L. 101–508, § 11303(b)(1), which directed the substitution of “insurance contracts described in section…

§ 846 Discounted unpaid losses defined

• § 846 Pub. L. 101–508 inserted “and” at end of par. (1), redesignated par. (3) as (2), and struck out former par. (2) which…

§ 848 Capitalization of certain policy acquisition expenses

• Enacted § 848

§ 857 Taxation of real estate investment trusts and their beneficiaries

• (b)(3)(C) Pub. L. 101–508 amended Pub. L. 100–647, § 1018(u)(28). See 1988 Amendment note below.

§ 860D REMIC defined

• (a) Pub. L. 101–508 inserted closing parenthesis before period at end.

§ 860G Other definitions and special rules

• (a)(3)(A) Pub. L. 101–508 struck out comma after “secured” in introductory provisions.

§ 861 Income from sources within the United States

• (a)(1)(A) (a)(1)(B) Pub. L. 101–508, § 11801(a)(29), (c)(14), inserted “and” at end of subpar. (A), substituted a period for a comma at end…
• (e) Pub. L. 101–508, § 11813(b)(17), which directed the substitution of “which is section 1245 property (as defined in…
• (e) Pub. L. 101–508, § 11801(c)(6)(C), substituted “all of whose stock is owned by one or more domestic common carriers by…

§ 864 Definitions and special rules

• (f) Pub. L. 101–508 substituted “Years” for “Year” in heading and amended text generally. Prior to amendment, text read as…

§ 865 Source rules for personal property sales

• (c)(3)(B) Pub. L. 101–508 substituted “section 168(g)(4)” for “section 48(a)(2)(B)”.

§ 892 Income of foreign governments and of international organizations

• (a)(2)(A) Pub. L. 101–508 made clarifying amendment to Pub. L. 100–647, § 1012(t)(1). See 1988 Amendment note below.

§ 897 Disposition of investment in United States real property

• (k) Pub. L. 101–508 struck out subsec. (k) which read as follows: “If—

§ 904 Limitation on credit

• (b)(3)(D) Pub. L. 101–508, § 11101(d)(5)(A), substituted “subsection (h)” for “subsection (j)”.
• (b)(3)(E) Pub. L. 101–508, § 11101(d)(5)(B), substituted “section 1(h)” for “section 1(j)”.
• (e) Pub. L. 101–508, § 11801(a)(31), struck out subsec. (e) which related to transitional rules for carrybacks and…

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

• (e) Pub. L. 101–508, § 11801(a)(32), struck out subsec. (e) which read as follows:
• (f)(3) Pub. L. 101–508, § 11801(a)(32), struck out subpar. (C) which read as follows: “For purposes of determining the amount…

§ 1016 Adjustments to basis

• (a)(2) Pub. L. 101–508, § 11812(b)(10), substituted “under the straight line method” for “under section 167(b)(1)” in…
• (a)(20) Pub. L. 101–508, § 11813(b)(19), which directed the amendment of subsec. (a)(21) by striking “section 48(q)” and…
• (a)(20) Pub. L. 101–508, § 11801(c)(1), redesignated par. (21) as (20) and struck out former par. (20) which read as follows…
• (a)(21) (a)(22) (a)(23) (a)(24) (a)(25) Pub. L. 101–508, § 11801(c)(1), redesignated pars. (21) to (25) as (20) to (24), respectively.

§ 1017 Discharge of indebtedness

• (b)(4)(C) Pub. L. 101–508 substituted “subparagraphs” for “subparagraph”.

§ 1031 Exchange of real property held for productive use or investment

• (a)(2) Pub. L. 101–508, § 11703(d)(1), inserted at end “For purposes of this section, an interest in a partnership which has…
• (f)(3) Pub. L. 101–508, § 11701(h), substituted “section 267(b) or 707(b)(1)” for “section 267(b)”.

§ 1033 Involuntary conversions

• (g)(3)(A) Pub. L. 101–508 struck out “with respect to which the investment credit determined under section 46(a) is or has been…

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

• (c)(1)(B)(ii) Pub. L. 101–508, which directed the amendment of subsec. (c)(2)(B)(ii) by substituting “section 83, 422, or 423 applied…

§ 1043 Sale of property to comply with conflict-of-interest requirements

• (a) Pub. L. 101–508 substituted “to the extent not previously taken into account under this subsection” for “reduced by any…

§ 1060 Special allocation rules for certain asset acquisitions

• (a) Pub. L. 101–508, § 11323(a), inserted at end “If in connection with an applicable asset acquisition, the transferee and…
• (e) (f) Pub. L. 101–508, § 11323(b)(1), added subsec. (e) and redesignated former subsec. (e) as (f).

§ 1245 Gain from dispositions of certain depreciable property

• (a)(3) Pub. L. 101–508, § 11704(a)(13), substituted “or (3))” for “or (3)” in introductory provisions.
• (a)(3)(C) Pub. L. 101–508, § 11801(c)(6)(E), substituted “188 (as in effect before its repeal by the Revenue Reconciliation Act…
• (a)(3)(D) Pub. L. 101–508, § 11813(b)(21), substituted “section 168(i)(13)” for “section 48(p)”.
• (b)(3) Pub. L. 101–508, § 11801(c)(8)(H), struck out “371(a), 374(a),” after “332, 351, 361,”.

§ 1250 Gain from dispositions of certain depreciable realty

• (a)(1)(B)(i) (a)(2)(B)(ii) Pub. L. 101–508, § 11801(c)(15)(A), which directed the insertion of “(as in effect on the day before the date of the…
• (a)(4) (a)(5) Pub. L. 101–508, § 11812(b)(11), added par. (4) and redesignated former par. (4) as (5).
• (b)(3) Pub. L. 101–508, § 11801(c)(6)(F), substituted “188 (as in effect before its repeal by the Revenue Reconciliation Act…
• (b)(4) Pub. L. 101–508, § 11812(b)(12), substituted “section 167(k) (as in effect on the day before the date of the enactment…
• (d)(3) Pub. L. 101–508, § 11801(c)(8)(I), struck out “371(a), 374(a),” after “332, 351, 361,”.
• (d) Pub. L. 101–508, § 11801(c)(15)(B), struck out par. (8) which related to the treatment of gain from the disposition of…
• (g) (h) § 1250 Pub. L. 101–508, § 11801(c)(15)(C), redesignated subsecs. (h) and (i) as (g) and (h), respectively, and struck out…

§ 1253 Transfers of franchises, trademarks, and trade names

• (d) Pub. L. 101–508, § 11701(i), which directed the substitution of “under this section or any period of amortization under…

§ 1274A Special rules for certain transactions where stated principal amount does not exceed $2,800,000

• (b) Pub. L. 101–508 inserted “, as in effect on the day before the date of the enactment of the Revenue Reconciliation Act…

§ 1275 Other definitions and special rules

• (a)(4) (a) Pub. L. 101–508 redesignated par. (5) as (4) and struck out former par. (4) which related to a special rule for…

§ 1371 Coordination with subchapter C

• (d)(1) Pub. L. 101–508, § 11813(b)(23)(A), substituted “section 50(a)(4)” for “section 47(b)”.
• (d)(2) (d)(3) Pub. L. 101–508, § 11813(b)(23)(B), substituted “section 49(b) or 50(a)” for “section 47”.

§ 1388 Definitions; special rules

• (k) Pub. L. 101–508 struck out subsec. (k) which cross-referenced section 46(h) for provisions relating to apportionment of…

§ 1401 Rate of tax

• (c) § 1401 Pub. L. 101–508 redesignated subsec. (d) as (c) and struck out former subsec. (c) which provided a credit against…

§ 1402 Definitions

• (a) Pub. L. 101–508, § 5123(a)(3), struck out last undesignated par. which read as follows: “Any income of an individual…
• (b) Pub. L. 101–508, § 5130(a)(2), amended directory language of Pub. L. 98–21, § 322(b)(2). See 1983 Amendment note below.
• (b)(1) Pub. L. 101–508, § 11331(b)(1), substituted “the applicable contribution base (as determined under subsection (k))” for…
• (k) Pub. L. 101–508, § 11331(b)(2), added subsec. (k).

§ 1441 Withholding of tax on nonresident aliens

• (b)(2) Pub. L. 101–508 inserted “section” before “170(b)(1)(A)(ii)”.

§ 1503 Computation and payment of tax

• (c)(1) Pub. L. 101–508, § 11802(f)(4), struck out at end “For taxable years ending with or within calendar year 1981, ‘25…
• (e)(3)(B) Pub. L. 101–508, § 11813(b)(25), substituted “section 50(c)” for “section 48(q)”.

§ 1504 Definitions

• (c)(2)(B)(i) Pub. L. 101–508, § 11814(b), substituted “section 243(b)(3)” for “section 243(b)(6)” and “243(b)(2)” for “section…

§ 2010 Unified credit against estate tax

• (b) (c) (d) Pub. L. 101–508 redesignated subsecs. (c) and (d) as (b) and (c), respectively, and struck out former subsec. (b) which…

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

• (a)(2) Pub. L. 101–508 amended par. (2) generally, substituting present provisions for provisions which established graduated…

§ 2036 Transfers with retained life estate

• (c) § 2036 Pub. L. 101–508 redesignated subsec. (d) as (c) and struck out former subsec. (c) which enunciated a rule that…

§ 2056 Bequests, etc., to surviving spouse

• (d)(3) Pub. L. 101–508, § 11702(g)(5), substituted “section 2056A(b)(7)” for “section 2056A(b)(6)”.
• (d)(4) (d)(5) Pub. L. 101–508, § 11701(l)(1), redesignated par. (4) relating to reformations permitted as par. (5).

§ 2056A Qualified domestic trust

• (a)(1) Pub. L. 101–508, § 11702(g)(2)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “the trust…
• (b)(2)(B)(ii) Pub. L. 101–508, § 11704(a)(15), substituted “therefor” for “therefore” in concluding provisions.
• (b)(10)(A) Pub. L. 101–508, § 11702(g)(4), substituted “section 2011, 2014, 2032” for “section 2032”.
• (b)(14) (b)(15) Pub. L. 101–508, § 11702(g)(2)(B), added pars. (14) and (15).
• (d) Pub. L. 101–508, § 11702(g)(3)(A), inserted at end “No election may be made under this section on any return if such…

§ 2207B Right of recovery where decedent retained interest

• (b) Pub. L. 101–508, § 11601(b)(1)(A), redesignated former subsec. (c) as (b) and struck out former subsec. (b) which read…
• (c) Pub. L. 101–508, § 11601(b)(1), redesignated subsec. (d) as (c) and substituted “subsection (a)” for “subsections (a)…
• (d) § 2207B Pub. L. 101–508, § 11601(b)(1)(A), redesignated subsecs. (d) and (e) as (c) and (d), respectively. Former subsec. (d)…

§ 2501 Imposition of tax

• (d) Pub. L. 101–508 struck out par. (3) which read as follows: “For treatment of certain transfers related to estate tax…

§ 2505 Unified credit against gift tax

• (b) (c) § 2505 Pub. L. 101–508 redesignated subsecs. (c) and (d) as subsecs. (b) and (c), respectively, and struck out former subsec.…

§ 2523 Gift to spouse

• (i) Pub. L. 101–508 inserted at end “This subsection shall not apply to any transfer resulting from the acquisition of…

§ 2642 Inclusion ratio

• (b)(3) Pub. L. 101–508, § 11704(a)(36), amended Pub. L. 100–647, § 1014(g)(4)(F)(ii). See 1988 Amendment note below.
• (c)(2) Pub. L. 101–508, § 11703(c)(2), inserted at end: “Rules similar to the rules of section 2652(c)(3) shall apply for…
• (c)(2)(B) Pub. L. 101–508, § 11703(c)(1), substituted “the trust does not terminate before the individual dies” for “such…
• (d)(2)(B)(i)(I) Pub. L. 101–508, § 11704(a)(17), substituted “State” for “state”.

§ 2701 Special valuation rules in case of transfers of certain interests in corporations or partnerships

• Enacted § 2701

§ 2702 Special valuation rules in case of transfers of interests in trusts

• Enacted § 2702

§ 2703 Certain rights and restrictions disregarded

• Enacted § 2703

§ 2704 Treatment of certain lapsing rights and restrictions

• Enacted § 2704

§ 3102 Deduction of tax from wages

• (d) Pub. L. 101–508 added subsec. (d).

§ 3121 Definitions

• (a)(1) Pub. L. 101–508, § 11331(a)(1), substituted “applicable contribution base (as determined under subsection (x))” for…
• (b)(7)(F) Pub. L. 101–508, § 11332(b), added subpar. (F).
• (x) Pub. L. 101–508, § 11331(a)(2), added subsec. (x).

§ 3122 Federal service

• § 3122 Pub. L. 101–508 substituted “applicable contribution base limitation” for “contribution and benefit base limitation”.

§ 3125 Returns in the case of governmental employees in States, Guam, American Samoa, and the District of Columbia

• § 3125 Pub. L. 101–508 substituted “applicable contribution base limitation” for “contribution and benefit base limitation” in…

§ 3201 Rate of tax

• (a) Pub. L. 101–508 substituted “applicable” for “following” before “percentage of the” and provision defining the term…

§ 3202 Deduction of tax from compensation

• (d) Pub. L. 101–508 added subsec. (d).

§ 3211 Rate of tax

• (a) Pub. L. 101–508 substituted “applicable” for “following” before “percentage of the” and provision defining the term…

§ 3221 Rate of tax

• (a) Pub. L. 101–508 substituted “applicable” for “following” before “percentage of” and provision defining “applicable…

§ 3231 Definitions

• (e)(2)(B)(i) Pub. L. 101–508, § 11331(c), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “Except as…
• (e)(8) (e)(9) (e)(10) Pub. L. 101–508, § 11704(a)(19), redesignated pars. (9) and (10) as (8) and (9), respectively.

§ 3301 Rate of tax

• § 3301 Pub. L. 101–508, § 11333(a)(1), substituted “1988 through 1995” for “1988, 1989, and 1990”.
• § 3301 Pub. L. 101–508, § 11333(a)(2), substituted “1996” for “1991”.

§ 3401 Definitions

• (a)(20) Pub. L. 101–508 added par. (20).

§ 3402 Income tax collected at source

• (a) Pub. L. 101–508 struck out par. (3) which read as follows: “Notwithstanding the provisions of this subsection, the…

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

• (d)(3) Pub. L. 101–508 substituted “subsection (d)(3)” for “subsection (d)(4)”.

§ 4041 Imposition of tax

• (a)(1) Pub. L. 101–508, § 11211(b)(6)(C)(i), struck out “of 15 cents a gallon” after “imposed a tax” in introductory…
• (a)(2) Pub. L. 101–508, § 11211(b)(3), substituted “imposed a tax” for “imposed a tax of 9 cents a gallon” in introductory…
• (a)(3) Pub. L. 101–508, § 11211(b)(6)(C)(ii), struck out par. (3) which provided that on and after Oct. 1, 1993, the taxes…
• (b)(2)(A)(i) Pub. L. 101–508, § 11211(b)(6)(D), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “subsection…
• (b)(2)(C) Pub. L. 101–508, § 11211(e)(1), substituted “2000” for “1993”.
• (c)(1) Pub. L. 101–508, § 11213(b)(2)(A), substituted “17.5 cents” for “14 cents”.
• (c)(3) Pub. L. 101–508, § 11211(a)(4), substituted “15 cents” for “12 cents” and “the sum of the Highway Trust Fund financing…
• (c) Pub. L. 101–508, § 11213(d)(2)(B), substituted “1995” for “1990”.
• (c) Pub. L. 101–508, § 11213(e)(3), struck out par. (6) which provided cross reference to section 4283 for reduction of…
• (f) (g) Pub. L. 101–508, § 11211(d)(1), (2), substituted “1995” for “1993”.
• (k) Pub. L. 101–508, § 11211(b)(6)(E)(i), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows…
• (k) Pub. L. 101–508, § 11213(b)(2)(B)(i), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…
• (k) Pub. L. 101–508, § 11211(b)(6)(E)(i), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…
• (k) Pub. L. 101–508, § 11211(b)(6)(E)(i), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows…
• (k) Pub. L. 101–508, § 11211(e)(2), substituted “2000” for “1993”.
• (m)(1)(A) Pub. L. 101–508, § 11211(b)(6)(F), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows…
• (m)(1)(B) Pub. L. 101–508, § 11213(b)(2)(B)(ii), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…

§ 4051 Imposition of tax on heavy trucks and trailers sold at retail

• (c) Pub. L. 101–508 substituted “1995” for “1993”.

§ 4064 Gas guzzler tax

• (a) Pub. L. 101–508, § 11216(a), amended subsec. (a) generally, substituting present provisions for provisions which set…
• (b)(1)(A) Pub. L. 101–508, § 11216(b), inserted at end “In the case of a limousine, the preceding sentence shall be applied…
• (b)(5)(B) Pub. L. 101–508, § 11216(c), substituted heading for one which read: “Exception for certain small manufacturers” and…
• § 4064 Pub. L. 101–508, § 11216(d), struck out subsec. (d) which prescribed special rules for small manufacturers.

§ 4071 Imposition of tax

• (d) Pub. L. 101–508 substituted “1995” for “1993”.

§ 4081 Imposition of tax

• (a)(1) Pub. L. 101–508, § 11212(a), substituted heading for one which read: “In general” and amended text generally. Prior to…
• (a)(2)(A)(iii) Pub. L. 101–508, § 11211(a)(1), added cl. (iii).
• (a)(2)(B) Pub. L. 101–508, § 11211(a)(2)(A), substituted “11.5 cents” for “9 cents”.
• (a)(2)(B) Pub. L. 101–508, § 11211(a)(2)(B), (C), added cl. (iii).
• (a)(3) Pub. L. 101–508, § 11212(e)(2), struck out par. (3) which read as follows: “For purposes of paragraph (1), the bulk…
• (c) Pub. L. 101–508, § 11211(a)(5)(A), substituted “applied by substituting rates which are 10/9th of the otherwise…
• (c) Pub. L. 101–508, § 11211(a)(5)(B), which directed the substitution of “at a Highway Trust Fund financing rate…
• (c) Pub. L. 101–508, § 11211(a)(5)(C), added par. (4). Former par. (4) redesignated (5).
• (c) Pub. L. 101–508, § 11211(e)(3), substituted “2000” for “1993”.
• (c) Pub. L. 101–508, § 11211(a)(5)(C), redesignated par. (4) as (5).
• (d)(1) Pub. L. 101–508, § 11211(c)(3), substituted “1995” for “1993”.
• (d)(2) Pub. L. 101–508, § 11215(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows:
• (d)(3) Pub. L. 101–508, § 11211(a)(3), added par. (3).
• (e) Pub. L. 101–508, § 11212(d)(1), added subsec. (e).

§ 4101 Registration and bond

• § 4101 Pub. L. 101–508 amended section generally. Prior to amendment, section read as follows:

§ 4103 Certain additional persons liable for tax where willful failure to pay

• Enacted § 4103

§ 4221 Certain tax-free sales

• (a) Pub. L. 101–508, § 11221(b), substituted “subchapter A or C of chapter 31” for “section 4051” in introductory…
• (a) Pub. L. 101–508, § 11211(d)(3), substituted “1995” for “1993” in concluding provisions.
• (c) Pub. L. 101–508, § 11221(d)(1), substituted “section 4001(c), 4002(b), 4003(c), 4004(a), or 4053(a)(6)” for “section…
• (d)(1) Pub. L. 101–508, § 11221(d)(2), substituted “taxes imposed by subchapter A or C of chapter 31” for “the tax imposed by…

§ 4222 Registration

• (c) Pub. L. 101–508, § 11212(b)(2), substituted “Denial, revocation, or suspension” for “Revocation or suspension” in…
• (d) Pub. L. 101–508, § 11221(d)(3), substituted “sections 4001(c), 4002(b), 4003(c), 4004(a), 4053(a)(6)” for “sections…

§ 4251 Imposition of tax

• (b)(2) Pub. L. 101–508 substituted “percent.” for “percent; except that, with respect to amounts paid pursuant to bills first…

§ 4253 Exemptions

• (k) Pub. L. 101–508 added subsec. (k).

§ 4261 Imposition of tax

• (a) (b) Pub. L. 101–508, § 11213(a)(1), substituted “10 percent” for “8 percent”.
• (g) Pub. L. 101–508, § 11213(d)(1), substituted “January 1, 1996” for “January 1, 1991”.

§ 4271 Imposition of tax

• (a) Pub. L. 101–508, § 11213(a)(2), substituted “6.25 percent” for “5 percent”.
• (d) Pub. L. 101–508, § 11213(d)(1), substituted “January 1, 1996” for “January 1, 1991”.

§ 4293 Exemption for United States and possessions

• § 4293 Pub. L. 101–508 inserted “subchapter A of chapter 31,” before “section 4041”.

§ 4461 Imposition of tax

• (b) Pub. L. 101–508 substituted “0.125 percent” for “0.04 percent”.

§ 4481 Imposition of tax

• (e) Pub. L. 101–508 substituted “1995” for “1993”.

§ 4482 Definitions

• (c)(4) (d) Pub. L. 101–508 substituted “1995” for “1993” wherever appearing.

§ 4483 Exemptions

• (g) Pub. L. 101–508 substituted “1995” for “1993”.

§ 4611 Imposition of tax

• (e) Pub. L. 101–508, § 11231(a)(1)(B), substituted “January 1, 1996” for “January 1, 1992”.
• (e) Pub. L. 101–508, § 11231(a)(2), substituted “1993” for “1989” and “1994” for “1990” in introductory provisions and…
• (e) Pub. L. 101–508, § 11231(b), substituted “$11,970,000,000” for “$6,650,000,000” in heading.
• (e) Pub. L. 101–508, § 11231(b), substituted “December 31, 1995” for “December 31, 1991”.
• (e) Pub. L. 101–508, § 11231(a)(1)(B), (b), substituted “January 1, 1996” for “January 1, 1992” in heading and text and…

§ 4681 Imposition of tax

• (b)(1)(B) Pub. L. 101–508 amended subpar. (B) generally, designating existing provision as cl. (i), inserting “with respect to…
• (b)(1) Pub. L. 101–508 amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “The base tax amount…

§ 4682 Definitions and special rules

• (a)(2) (b) Pub. L. 101–508, § 11203(a), inserted items for “Carbon tetrachloride” through “CFC–217” in tables.
• (c)(2) Pub. L. 101–508, § 11203(d)(1), inserted “(other than methyl chloroform)”.
• (d)(3)(B)(i) Pub. L. 101–508, § 11701(g)(1), substituted “, produced, or imported” for “or produced” in introductory provisions.
• (d)(3)(B)(i)(I) Pub. L. 101–508, § 11701(g)(2), amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: “the…
• (d)(3)(B)(i)(II) Pub. L. 101–508, § 11701(g)(3), substituted “tax which would (but for this subsection and subsection (g)) be imposed”…
• (d)(3)(B)(i)(III) Pub. L. 101–508, § 11701(g)(4), added subcl. (III).
• (d)(3)(B)(ii) Pub. L. 101–508, § 11701(g)(5), substituted last sentence for former last sentence which read as follows: “The…
• (d)(3)(C) Pub. L. 101–508, § 11203(b), added subpar. (C).
• (h)(3) Pub. L. 101–508, § 11203(d)(2), substituted “June 30” for “April 1”.

§ 4975 Tax on prohibited transactions

• (d)(13) Pub. L. 101–508 inserted before semicolon at end “or which is exempt from section 406 of such Act by reason of section…

§ 4980 Tax on reversion of qualified plan assets to employer

• (a) Pub. L. 101–508, § 12001, which directed the substitution of “20 percent” for “15 percent” in “section 4980(a)” without…
• (d) Pub. L. 101–508, § 12002(a), which directed the addition of subsec. (d) to “section 4980” without specifying the…

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

• (d)(1) Pub. L. 101–508 amended par. (1) generally. Prior to amendment, par. (1) read as follows: “any failure of a group…

§ 5001 Imposition, rate, and attachment of tax

• (a)(1) (a)(3) Pub. L. 101–508 substituted “$13.50” for “$12.50”.

§ 5010 Credit for wine content and for flavors content

• (a)(1) (a)(2) Pub. L. 101–508 substituted “$13.50” for “$12.50”.

§ 5041 Imposition and rate of tax

• (b)(1) Pub. L. 101–508, § 11201(b)(1)(A), substituted “$1.07” for “17 cents”.
• (b)(2) Pub. L. 101–508, § 11201(b)(1)(B), substituted “$1.57” for “67 cents”.
• (b)(3) Pub. L. 101–508, § 11201(b)(1)(C), substituted “$3.15” for “$2.25”.
• (b)(5) Pub. L. 101–508, § 11201(b)(1)(D), substituted “$3.30” for “$2.40”.
• (c) (d) (e) (f) Pub. L. 101–508, § 11201(b)(2), added subsec. (c) and redesignated former subsecs. (c) to (e) as (d) to (f)…

§ 5051 Imposition and rate of tax

• (a)(1) Pub. L. 101–508, § 11201(c)(1), substituted “$18” for “$9”.
• (a)(2) Pub. L. 101–508, § 11201(c)(2), added subpar. (C).

§ 5061 Method of collecting tax

• (b)(3) Pub. L. 101–508, §§ 11201(b)(3), 11704(a)(21), amended par. (3) identically, substituting “section 5041(e)” for…

§ 5701 Rate of tax

• (a)(1) Pub. L. 101–508, § 11202(a)(1), substituted “$1.125 cents per thousand (93.75 cents per thousand on cigars removed…
• (a)(2) Pub. L. 101–508, § 11202(a)(2), substituted “equal to—” and subpars. (A) and (B) for “equal to 8½ percent of the…
• (b)(1) Pub. L. 101–508, § 11202(b)(1), substituted “$12 per thousand ($10 per thousand on cigarettes removed during 1991 or…
• (b)(2) Pub. L. 101–508, § 11202(b)(2), substituted “$25.20 per thousand ($21 per thousand on cigarettes removed during 1991 or…
• (c) Pub. L. 101–508, § 11202(c), substituted “0.75 cent (0.625 cent on cigarette papers removed during 1991 or 1992)” for…
• (d) Pub. L. 101–508, § 11202(d), substituted “1.5 cents (1.25 cents on cigarette tubes removed during 1991 or 1992)” for “1…
• (e)(1) Pub. L. 101–508, § 11202(e)(1), substituted “36 cents (30 cents on snuff removed during 1991 or 1992)” for “24 cents”.
• (e)(2) Pub. L. 101–508, § 11202(e)(2), substituted “12 cents (10 cents on chewing tobacco removed during 1991 or 1992)” for “8…
• (f) Pub. L. 101–508, § 11202(f), substituted “67.5 cents (56.25 cents on pipe tobacco removed during 1991 or 1992)” for “45…

§ 5702 Definitions

• (m) Pub. L. 101–508 substituted heading for one which read: “Wholesale price” and amended text generally. Prior to…

§ 6013 Joint returns of income tax by husband and wife

• (e) Pub. L. 101–508 substituted “section 6662(d)(2)(A)” for “section 6661(b)(2)(A)”.

§ 6018 Estate tax returns

• (a)(3) (a) Pub. L. 101–508 redesignated pars. (4) and (5) as (3) and (4), respectively, and struck out former par. (3) which…

§ 6038 Information reporting with respect to certain foreign corporations and partnerships

• (e)(2) Pub. L. 101–508, as amended by Pub. L. 104–188, § 1704(t)(46), in subsec. (e) relating to definitions, inserted at end…

§ 6038A Information with respect to certain foreign-owned corporations

• (a)(1) Pub. L. 101–508, § 11315(b)(1), struck out “or is a foreign corporation engaged in trade or business within the United…
• (c)(3) (c)(4) (c)(5) (c) Pub. L. 101–508, § 11704(a)(23), redesignated pars. (4) to (6) as (3) to (5), respectively.

§ 6038C Information with respect to foreign corporations engaged in U.S. business

• Enacted § 6038C

§ 6039 Returns required in connection with certain options

• (a)(1) (a)(2) Pub. L. 101–508, § 11801(c)(9)(J)(i), added pars. (1) and (2) and struck out former pars. (1) and (2) which read as…
• (b) Pub. L. 101–508, § 11801(c)(9)(J)(ii), substituted “an incentive stock option or an” for “a qualified stock option…
• (c) Pub. L. 101–508, § 11801(c)(9)(J)(iii), amended subsec. (c) generally, striking out references for definitions of…

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

• (d)(3) Pub. L. 101–508 substituted “the employer).” for “the employer)”.

§ 6045 Returns of brokers

• (e)(4) Pub. L. 101–508 substituted “reporting person” for “broker”.

§ 6050I Returns relating to cash received in trade or business, etc.

• (d) Pub. L. 101–508, § 11318(a), substituted heading for one which read: “Cash includes foreign currency” and amended text…
• (f) Pub. L. 101–508, § 11318(c), substituted heading for one which read: “Actions by payors”.

§ 6103 Confidentiality and disclosure of returns and return information

• (e)(1)(A) Pub. L. 101–508, § 11101(d)(6), which directed the substitution of “section 1(g)” for “section 1(j)”, could not be…
• (k)(7) Pub. L. 101–508, § 11212(b)(3), added par. (7).
• (l)(7) Pub. L. 101–508, § 8051(a), substituted “, the Food Stamp Act of 1977, or title 38, United States Code” for “or the…
• (l)(12) Pub. L. 101–508, § 4203(a)(2), substituted “September 30, 1995” for “September 30, 1991” in cl. (i), “1994” for “1990”…
• (m)(7) Pub. L. 101–508, § 5111(b)(1), added par. (7).
• (n) Pub. L. 101–508, § 11313(a), substituted “the programming” for “and the programming” and inserted “and the providing of…
• (p)(4) Pub. L. 101–508, § 5111(b)(2), which directed the substitution of “paragraph (2), (4), (6), or (7) of subsection (m)”…

§ 6109 Identifying numbers

• (e) Pub. L. 101–508 substituted “1 year” for “2 years”.

§ 6114 Treaty-based return positions

• (b) Pub. L. 101–508 struck out “by regulations” before “waive the requirements”.

§ 6302 Mode or time of collection

• (b) Pub. L. 101–508, § 11801(c)(22)(A), which directed the substitution of “chapter 21, 31, 32, or 33, or by section 4481”…
• (e) Pub. L. 101–508, § 11217(b)(1), inserted “communications services and” before “airline” in heading and “section 4251…
• (g) Pub. L. 101–508, § 11334(a), amended subsec. (g) generally, striking out par. (1) designation and striking heading…

§ 6323 Validity and priority against certain persons

• (a) Pub. L. 101–508, § 11704(a)(26), substituted “Purchasers” for “Purchases” in heading.
• (g)(3) Pub. L. 101–508, § 11317(b), substituted “10 years” for “6 years” wherever appearing.

§ 6332 Surrender of property subject to levy

• (a) Pub. L. 101–508 substituted “this section” for “subsections (b) and (c)”.

§ 6402 Authority to make credits or refunds

• (d)(1) Pub. L. 101–508, § 5129(c)(1)(A), struck out “any OASDI overpayment and” after “(other than”.
• (d)(3) Pub. L. 101–508, § 5129(c)(1)(B), added par. (3) and struck out former par. (3) which read as follows: “For purposes of…
• (e) Pub. L. 101–508, § 5129(c)(2), inserted before period at end “or any such action against the Secretary of Health and…

§ 6405 Reports of refunds and credits

• (a) (b) Pub. L. 101–508, § 11834(a) substituted “$1,000,000” for “$200,000”.
• § 6405 Pub. L. 101–508, § 11801(c)(21)(A), struck out subsec. (d) which read as follows: “For purposes of this section, a…

§ 6412 Floor stocks refunds

• (a)(1) Pub. L. 101–508 substituted “1995” for “1993” and “1996” for “1994” wherever appearing.

§ 6413 Special rules applicable to certain employment taxes

• (c) Pub. L. 101–508 substituted heading for one which read: “Applicability with respect to compensation of employees…

§ 6416 Certain taxes on sales and services

• (d) Pub. L. 101–508 inserted at end “The preceding sentence shall not apply to the tax imposed by section 4081 in the case…

§ 6420 Gasoline used on farms

• (h) Pub. L. 101–508 substituted “1995” for “1993”.

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

• (i) Pub. L. 101–508 substituted “1995” for “1993”.

§ 6422 Cross references

• § 6422 Pub. L. 101–508 struck out par. (6) and redesignated the succeeding pars. accordingly, which was executed with respect…

§ 6427 Fuels not used for taxable purposes

• (b)(2)(A) Pub. L. 101–508, § 11211(b)(5), substituted “shall be 3.1 cents per gallon less than the aggregate rate at which tax…
• (e) Pub. L. 101–508, § 11801(a)(46), struck out subsec. (e) which required payment of refunds of gasoline or fuel tax to…
• (f) Pub. L. 101–508, § 11213(b)(3), amended subsec. (f) generally, restructuring and restating pars. (1) to (3) as (1) to…
• (g) Pub. L. 101–508, § 11211(d)(7), substituted “1995” for “1993”.
• (i)(1) Pub. L. 101–508, § 11801(c)(23)(A), struck out “(e),” before “(g),”.
• (i)(2)(A) Pub. L. 101–508, § 11801(c)(23)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “If—
• (i)(2)(B) (i)(2)(C) Pub. L. 101–508, § 11801(c)(23)(C), redesignated subpar. (C) as (B) and struck out former subpar. (B) “Special rule”…
• (l)(1) Pub. L. 101–508, § 11211(b)(4)(B)(ii), inserted reference to par. (4).
• (l)(4) Pub. L. 101–508, § 11211(b)(4)(B)(i), added par. (4).
• (o) Pub. L. 101–508, § 11211(d)(8), substituted “1995” for “1993”.
• § 6427 Pub. L. 101–508, § 11211(b)(6)(E)(ii), substituted heading for one which read: “Gasoline used in noncommercial aviation…

§ 6501 Limitations on assessment and collection

• (c)(9) Pub. L. 101–508, § 11602(b), added par. (9).
• (m) Pub. L. 101–508, § 11511(c)(2), which directed the substitution of “43 or 44B” for “44B” wherever appearing in subsec.…

§ 6502 Collection after assessment

• (a)(1) Pub. L. 101–508, § 11317(a)(1), substituted “10 years” for “6 years”.
• (a)(2) Pub. L. 101–508, § 11317(a)(2), substituted “10-year period” for “6-year period” wherever appearing.

§ 6503 Suspension of running of period of limitation

• (h) (i) (j) Pub. L. 101–508, § 11801(c)(20)(A), redesignated subsecs. (i) and (j) as (h) and (i), respectively, and struck out…
• (k) Pub. L. 101–508, § 11801(c)(20)(A), redesignated subsec. (k) as (j).
• (k) Pub. L. 101–508, § 11311(a), added subsec. (k). Former subsec. (k) redesignated (l).
• § 6503 Pub. L. 101–508, § 11311(a), redesignated subsec. (k) as (l).

§ 6511 Limitations on credit or refund

• (d)(2)(A) Pub. L. 101–508, § 11801(c)(17)(B), struck out before period at end of first sentence “; except that with respect to an…
• (e) Pub. L. 101–508, § 11801(c)(22)(C), struck out subsec. (e) which related to special rules in case of manufactured sugar…

§ 6515 Cross references

• § 6515 Pub. L. 101–508 struck out par. (2) and redesignated the succeeding pars. accordingly, which was executed with respect…

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

• (b)(2) Pub. L. 101–508 struck out “or 6158(a)” after “6156(a)” in introductory provisions, struck out “or 6158(a), as the case…

§ 6621 Determination of rate of interest

• (c) Pub. L. 101–508 added subsec. (c).

§ 6655 Failure by corporation to pay estimated income tax

• (g)(3) Pub. L. 101–508 inserted a period at end of last sentence.

§ 6662 Imposition of accuracy-related penalty on underpayments

• (b)(3) Pub. L. 101–508, § 11312(b)(1), amended par. (3) generally, substituting “misstatement” for “overstatement”.
• (e) Pub. L. 101–508, § 11312(a), substituted “misstatement” for “overstatement” in heading and amended text generally.…
• (h)(2)(A) Pub. L. 101–508, § 11312(b)(2), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “any…

§ 6721 Failure to file correct information returns

• (e)(2) Pub. L. 101–508 inserted “6050I,” after “6050H,” and struck out “or” at end of subpar. (A), substituted “or” for “and”…

§ 6724 Waiver; definitions and special rules

• (d)(1)(B)(x) Pub. L. 101–508, § 11323(b)(2), substituted “subsection (b) or (e) of section 1060” for “section 1060(b)”.
• (d)(1)(B)(xi) Pub. L. 101–508, § 11212(e)(1), as amended by Pub. L. 104–188, § 1702(b)(1), struck out “, or subsection (e),” after…
• (d)(1)(B)(xii) Pub. L. 101–508, § 11323(c)(2), added cl. (xii) relating to subpar. (C) of section 338(h)(10).
• (d)(1)(B)(xii) Pub. L. 101–508, § 11212(e)(1), as amended by Pub. L. 104–188, § 1702(b)(1), added cl. (xii) relating to section…

§ 7213 Unauthorized disclosure of information

• (a)(2) Pub. L. 101–508 substituted “(6), or (7)” for “or (6)”.

§ 7463 Disputes involving $50,000 or less

• (f) Pub. L. 101–508 struck out subsec. (f) “Qualified State individual income taxes” which read as follows: “For purposes…

§ 7518 Tax incentives relating to merchant marine capital construction funds

• (g)(6)(A) Pub. L. 101–508 substituted “section 1(h)” for “section 1(j)” in last sentence.

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

• (c)(3) Pub. L. 101–508 substituted “payable on the later of” for “payable on later of”.

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

§ 7523 Graphic presentation of major categories of Federal outlays and income

• Enacted § 7523

§ 7608 Authority of internal revenue enforcement officers

• (c)(1)(B) Pub. L. 101–508, § 11704(a)(32), struck out comma after “operations”.
• (c)(5)(C) Pub. L. 101–508, § 11704(a)(33), substituted “interest” for “interested” in cl. (i)(I) and “title 31” for “title 3” in…

§ 7655 Cross references

• (a)(2) (a) Pub. L. 101–508, § 11801(c)(22)(E)(i), substituted period for semicolon at end of par. (2) and struck out par. (3)…
• (b)(2) (b) Pub. L. 101–508, § 11801(c)(22)(E)(ii), substituted period for semicolon at end of par. (2) and struck out par. (3)…

§ 7701 Definitions

• (e)(5)(B) Pub. L. 101–508, § 11812(b)(13), inserted before period at end “(as in effect on the day before the date of the…
• (j)(1)(C) Pub. L. 101–508, § 11704(a)(34), substituted “(C) subject to section 401(k)(4)(B) and any dollar limitation on the…

§ 7805 Rules and regulations

• (f) Pub. L. 101–508 substituted heading for one which read “Impact of regulations on small business reviewed” and amended…

§ 9502 Airport and Airway Trust Fund

• (b) Pub. L. 101–508, § 11213(c)(2), (d)(3), inserted “and the deficit reduction rate” after “financing rate” in par. (2)…
• (d)(1)(A) Pub. L. 101–508, § 11213(d)(4), substituted “or the Federal Aviation Administration Research, Engineering, and…
• (d)(4) Pub. L. 101–508, § 11211(b)(6)(G), added par. (4).
• (e) Pub. L. 101–508, § 11213(c)(1), added subsec. (e).

§ 9503 Highway Trust Fund

• (b)(1) (b)(2) Pub. L. 101–508, § 11211(g)(1), substituted “1995” for “1993” and “1996” for “1994” wherever appearing.
• (b)(4)(B) Pub. L. 101–508, § 11211(a)(5)(D), inserted reference to section 4041.
• (b)(5) Pub. L. 101–508, § 11211(a)(5)(F), added par. (5).
• (c)(2) Pub. L. 101–508, § 11211(g)(1), substituted “1995” for “1993” and “1996” for “1994” wherever appearing.
• (c)(2) Pub. L. 101–508, § 11211(a)(5)(E), inserted at end “The amounts payable from the Highway Trust Fund under this…
• (c)(3) (c)(4)(A) Pub. L. 101–508, § 11211(g)(1), substituted “1995” for “1993” and “1996” for “1994” wherever appearing.
• (c)(4) Pub. L. 101–508, § 11211(b)(6)(H), struck out “(to the extent attributable to the Highway Trust Fund financing rate)”…
• (c)(5) Pub. L. 101–508, § 11211(i)(1), added par. (5).
• (e)(2) Pub. L. 101–508, § 11211(h)(1), substituted “1.5 cents” for “1 cent”.

§ 9504 Sport Fish Restoration and Boating Trust Fund

• (a) Pub. L. 101–508, § 11211(i)(2), inserted reference to section 9503(c)(5) in last sentence.
• (b)(2) Pub. L. 101–508, § 11211(i)(3), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Amounts in…

§ 9507 Hazardous Substance Superfund

• (d)(3)(B) Pub. L. 101–508 substituted “December 31, 1995” for “December 31, 1991”.