# Pub. L. 101-73: changes to the Internal Revenue Code

1989-08-09, 103 Stat. 548. Source: <https://www.govinfo.gov/link/plaw/101/public/73>.

## Legislative history

- Bill: [H.R. 1278](https://www.congress.gov/bill/101st-congress/house-bill/1278)

## § 368: Definitions relating to corporate reorganizations

- § 368(a)(3)(D): Pub. L. 101–73, § 1401(b)(1), repealed amendment made by Pub. L. 99–514, § 904(a), see 1986 Amendment note below.
- § 368(a)(3)(D): Pub. L. 101–73, § 1401(a)(1), inserted “receivership” in heading and amended text generally, changing the structure of the subparagraph from one consisting of five clauses designated (i) to (v) to one consisting of a single undesignated subparagraph.

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

- § 382(l)(5)(F): Pub. L. 101–73 substituted “on or after May 10, 1989” for “after December 31, 1989” in last sentence.

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

- § 501(l): Pub. L. 101–73 amended subsec. (l) generally. Prior to amendment, subsec. (l) read as follows: “The organization described in this subsection is the Central Liquidity Facility established under title III of the Federal Credit Union Act (12 U.S.C. 1795 et seq.).”

## § 593: Reserves for losses on loans

- § 593(e)(1): Pub. L. 101–73 amended last sentence generally. Prior to amendment, last sentence read as follows: “This paragraph shall not apply to any transaction to which section 381 (relating to carryovers in certain corporate acquisitions) applies, or to any distribution to the Federal Savings and Loan Insurance Corporation in redemption of an interest in an association, if such interest was originally received by the Federal Savings and Loan Insurance Corporation in exchange for financial assistance pursuant to section 406(f) of the National Housing Act (12 U.S.C. sec. 1729(f)).”

## § 597: Treatment of transactions in which Federal financial assistance provided

- § 597: Pub. L. 101–73, § 1401(b)(1), repealed amendment made by Pub. L. 99–514, § 904(b)(1), see 1986 Amendment note below.
- § 597: Pub. L. 101–73, § 1401(a)(3)(A), amended section generally, substituting present provisions for former provisions which contained section catchline that read “FSLIC or FDIC financial assistance” and which provided: in subsec. (a) for an exclusion from gross income; in subsec. (b) for no reduction in basis of assets; in subsec. (c) for a reduction of tax attributes by 50 percent of amounts excludable under subsection (a); and in subsec. (d) for a definition of “domestic building and loan association”.