Pub. L. 111-325 Dec. 22, 2010

124 Stat. 3549 · Changed 15 sections of the Code

Bill H.R. 4337 · Bluebook JCT general explanation (2011)

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

  • (f)(3)(D) Pub. L. 111–325 added subpar. (D).

§ 302 Distributions in redemption of stock

  • (a) Pub. L. 111–325, § 306(a)(2), substituted “(4), or (5)” for “or (4)”.
  • (b)(5) (b)(6) Pub. L. 111–325, § 306(a)(1), added par. (5) and redesignated former par. (5) as (6).

§ 316 Dividend defined

  • (b)(4) Pub. L. 111–325 added par. (4).

§ 562 Rules applicable in determining dividends eligible for dividends paid deduction

  • (c) Pub. L. 111–325 substituted “Except in the case of a publicly offered regulated investment company (as defined in…

§ 851 Definition of regulated investment company

  • (d) Pub. L. 111–325, § 201(a), designated existing provisions as par. (1), inserted heading, and added par. (2).
  • (i) Pub. L. 111–325, § 201(b), added subsec. (i).

§ 852 Taxation of regulated investment companies and their shareholders

  • (b)(2)(G) Pub. L. 111–325, § 201(c), added subpar. (G).
  • (b)(3)(C) Pub. L. 111–325, § 301(a)(1), amended subpar. (C) generally. Prior to amendment, subpar. (C) related to definition of…
  • (b)(4)(E) Pub. L. 111–325, § 309(a), (b), substituted “Exception to holding period requirement for certain regularly declared…
  • (b)(5)(A) Pub. L. 111–325, § 301(b), amended subpar. (A) generally. Prior to amendment, text read as follows: “An exempt-interest…
  • (b)(8) Pub. L. 111–325, § 308(a), amended par. (8) generally. Prior to amendment, text read as follows: “To the extent…
  • (b) Pub. L. 111–325, § 308(b)(1), struck out par. (10). Text read as follows: “To the extent provided in regulations, the…
  • (c)(1) Pub. L. 111–325, § 302(a), amended par. (1) generally. Prior to amendment, text read as follows: “The earnings and…
  • (c)(2) Pub. L. 111–325, § 308(b)(2), in introductory provisions, substituted “For purposes of applying this chapter to…
  • (c)(4) Pub. L. 111–325, § 302(b)(1), added par. (4).
  • (f)(1)(C) Pub. L. 111–325, § 502(a), substituted “acquires, during the period beginning on the date of the disposition referred…
  • (g) Pub. L. 111–325, § 303(a), added subsec. (g).

§ 853 Foreign tax credit allowed to shareholders

  • (c) Pub. L. 111–325, § 301(c)(1)(B), substituted “Statements” for “Notice” in heading.
  • (c) Pub. L. 111–325, § 301(c)(1)(A), which directed amendment by substituting “so reported by the company in a written…
  • (d) Pub. L. 111–325, § 301(c)(2), struck out “and notifying shareholders” after “election” in heading and “and the notice…

§ 853A Credits from tax credit bonds allowed to shareholders

  • (c) Pub. L. 111–325, § 301(d)(1), which directed substitution of “Statements” for “Notice” in heading and “so reported by…
  • (d) Pub. L. 111–325, § 301(d)(2), struck out “and notifying shareholders” after “election” in heading and “and the notice…

§ 854 Limitations applicable to dividends received from regulated investment company

  • (b)(1)(A) Pub. L. 111–325, § 301(e)(1)(A), in concluding provisions, substituted “reported by the regulated investment company as…
  • (b)(1)(B)(i) Pub. L. 111–325, § 301(e)(1)(B), in concluding provisions, substituted “reported by the regulated investment company as…
  • (b)(1)(C)(i) Pub. L. 111–325, § 301(e)(1)(C), substituted “reported” for “designated”.
  • (b)(1)(C)(ii) Pub. L. 111–325, § 301(e)(1)(D), substituted “reported” for “designated” in introductory provisions.
  • (b)(2) (b)(3) (b)(4) (b) Pub. L. 111–325, § 301(e)(2), redesignated pars. (3) to (5) as (2) to (4), respectively, and struck out former par.…

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

  • (a) Pub. L. 111–325, § 304(c), in concluding provisions, inserted at end “For purposes of paragraph (2), a dividend…
  • (a) Pub. L. 111–325, § 301(g)(2), substituted “and (c)” for “, (c) and (d)” in concluding provisions.
  • (a)(1) Pub. L. 111–325, § 304(a), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “declares a…
  • (a)(2) Pub. L. 111–325, § 304(b), substituted “the first dividend payment of the same type of dividend” for “the first regular…
  • (c) § 855 Pub. L. 111–325, § 301(g)(1), redesignated subsec. (d) as (c) and struck out former subsec. (c). Text of former subsec.…

§ 860 Deduction for deficiency dividends

  • (f)(2)(B) Pub. L. 111–325, § 301(a)(2), inserted “or reported (as the case may be)” after “designated”.
  • § 860 Pub. L. 111–325, § 501(b), struck out subsec. (j). Text read as follows: “For assessable penalty with respect to…

§ 871 Tax on nonresident alien individuals

  • (k)(1)(A) Pub. L. 111–325, § 302(b)(2), inserted “which meets the requirements of section 852(a) for the taxable year with…
  • (k)(1)(C) Pub. L. 111–325, § 301(f)(1), substituted introductory provisions, cls. (i) to (iv), and cl. (v) heading and “The term…
  • (k)(2)(A) Pub. L. 111–325, § 302(b)(2), inserted “which meets the requirements of section 852(a) for the taxable year with…
  • (k)(2)(C) Pub. L. 111–325, § 301(f)(2), substituted introductory provisions, cls. (i) to (iv), and cl. (v) heading and “The term…
  • (k)(2)(D) Pub. L. 111–325, § 308(b)(3), substituted “For purposes of this subparagraph, the net short-term capital gain of the…

§ 1212 Capital loss carrybacks and carryovers

  • (a)(1)(C) Pub. L. 111–325, § 101(b)(1), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “a…
  • (a)(3) (a)(4) Pub. L. 111–325, § 101(a), added par. (3) and redesignated former par. (3) as (4).

§ 1222 Other terms relating to capital gains and losses

  • (10) Pub. L. 111–325 substituted “section 1212(a)(1)” for “section 1212”.

§ 4982 Excise tax on undistributed income of regulated investment companies

  • (b)(1)(B) Pub. L. 111–325, § 404(a), substituted “98.2 percent” for “98 percent”.
  • (c)(4) Pub. L. 111–325, § 403(a), added par. (4).
  • (e)(5) (e)(6) (e)(7) Pub. L. 111–325, § 402(a), added pars. (5) to (7) and struck out former pars. (5) and (6) which related to treatment of…
  • (f) Pub. L. 111–325, § 401(a)(1), struck out “either” before dash at end of introductory provisions.
  • (f)(3) (f)(4) Pub. L. 111–325, § 401(a)(2)–(4), added pars. (3) and (4).