Pub. L. 115-97 Dec. 22, 2017

131 Stat. 2054 · Changed 244 sections of the Code

Bill H.R. 1 · House report H. Rept. 115-409 · Conference report H. Rept. 115-466 · Bluebook JCT general explanation (2018) · Bluebook JCT general explanation (2019)

§ 1 Tax imposed

  • (f)(2)(A) Pub. L. 115–97, § 11002(c)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “except…
  • (f)(3) Pub. L. 115–97, § 11002(a), added par. (3) and struck out former par. (3). Prior to amendment, text read as follows…
  • (f)(6) (f)(7) Pub. L. 115–97, § 11002(b), added par. (6), redesignated former par. (6) as (7), and struck out former par. (7). Prior…
  • (h)(11)(C)(iii) Pub. L. 115–97, § 14223(a), substituted “shall not include—” for “shall not include”, inserted subcl. (I) designation…
  • (i)(1)(C)(i) Pub. L. 115–97, § 11002(c)(2)(A), substituted “for ‘2016’ in subparagraph (A)(ii)” for “for ‘1992’ in subparagraph (B)”.
  • (i)(3)(C) Pub. L. 115–97, § 11002(c)(2)(B), substituted “subsection (f)(3)(A)(ii) shall be applied by substituting ‘2012’ for…
  • (j) Pub. L. 115–97, § 11001(a), added subsec. (j).

§ 11 Tax imposed

  • (b) Pub. L. 115–97, § 13001(a), amended subsec. (b) generally. Prior to amendment, text read as follows:
  • (d) Pub. L. 115–97, § 12001(b)(11), substituted “the tax imposed by subsection (a)” for “the taxes imposed by subsection…

§ 12 Cross references relating to tax on corporations

  • (4) (5) § 12 Pub. L. 115–97, § 13001(b)(2)(B), redesignated par. (5) as (4) and struck out former pars. (4) and (6) which read as…
  • § 12 Pub. L. 115–97, § 12001(b)(12), struck out par. (7) which read as follows: “For alternative minimum tax, see section…

§ 23 Adoption expenses

  • (h)(2) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 24 Child tax credit

  • (h) Pub. L. 115–97 added subsec. (h).

§ 25A American Opportunity and Lifetime Learning credits

  • (h) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 25B Elective deferrals and IRA contributions by certain individuals

  • (b)(3)(B) Pub. L. 115–97, § 11002(d)(1)(C), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (d)(1) Pub. L. 115–97, § 11024(b), added subpar. (D).

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

  • (b)(2)(B) Pub. L. 115–97 added subpar. (B).

§ 32 Earned income

  • (b)(2)(B) (j)(1)(B)(i) § 32 Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 36B Refundable credit for coverage under a qualified health plan

  • (f)(2) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 38 General business credit

§ 41 Credit for increasing research activities

  • (d)(1)(A) Pub. L. 115–97, § 13206(d)(1), substituted “specified research or experimental expenditures under section 174” for…
  • (e)(5)(C)(i) Pub. L. 115–97, § 11002(d)(1)(F), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (e)(5)(C)(ii) Pub. L. 115–97, § 11002(d)(2), substituted “1(f)(3)(A)(ii)” for “1(f)(3)(B)” and “2016” for “1992”.

§ 42 Low-income housing credit

  • (e)(3)(D)(ii) (h)(3)(H)(i)(II) Pub. L. 115–97, § 11002(d)(1)(G), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (h)(6)(G)(i)(II) Pub. L. 115–97, § 11002(d)(3)(A), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii) thereof” for “for…
  • (h)(6)(G)(ii) Pub. L. 115–97, § 11002(d)(3)(B), substituted “if the C-CPI-U for any calendar year (as defined in section 1(f)(6))…

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

  • (a) Pub. L. 115–97 substituted “25 percent” for “50 percent”.

§ 45R Employee health insurance expenses of small employers

  • (d)(3)(B)(ii) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 45S Employer credit for paid family and medical leave

§ 47 Rehabilitation credit

  • (a) Pub. L. 115–97, § 13402(a), amended subsec. (a) generally. Prior to amendment, text read as follows: “For purposes of…
  • (c)(1)(A)(iii) Pub. L. 115–97, § 13402(b)(1)(A)(i), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “in…
  • (c)(1)(B) (c)(1)(C) (c)(1) Pub. L. 115–97, § 13402(b)(1)(A)(ii), (iii), redesignated subpars. (C) and (D) as (B) and (C), respectively, and struck…
  • (c)(2)(B)(iv) Pub. L. 115–97, § 13402(b)(1)(B), amended cl. (iv) generally. Prior to amendment, text read as follows: “Any…

§ 53 Credit for prior year minimum tax liability

  • (d)(2) Pub. L. 115–97, § 12001(b)(2), inserted “, except that in the case of a corporation, the tentative minimum tax shall be…
  • (d) Pub. L. 115–97, § 12002(b), added par. (3).
  • (e) Pub. L. 115–97, § 12002(a), added subsec. (e).

§ 55 Alternative minimum tax imposed

  • (a) Pub. L. 115–97, § 12001(a), substituted “In the case of a taxpayer other than a corporation, there” for “There” in…
  • (b)(1) Pub. L. 115–97, § 12001(b)(3)(A), amended par. (1) generally. Prior to amendment, par. (1) related to amount of…
  • (b)(3) Pub. L. 115–97, § 12001(b)(3)(B), substituted “paragraph (1)(A)” for “paragraph (1)(A)(i)” in introductory provisions.
  • (c)(1) Pub. L. 115–97, § 12001(b)(4), struck out “, the section 936 credit allowable under section 27(b), and the Puerto Rico…
  • (d)(2) Pub. L. 115–97, § 12001(b)(5)(A), redesignated par. (3) as (2) and struck out former par. (2). Prior to amendment, text…
  • (d)(2) Pub. L. 115–97, § 12001(b)(5)(B), struck out subpar. (D) which read as follows: “$150,000 in the case of a taxpayer…
  • (d)(3) Pub. L. 115–97, § 12001(b)(5)(A), redesignated par. (4) as (3). Former par. (3) redesignated (2).
  • (d)(3)(B)(i) Pub. L. 115–97, § 12001(b)(5)(C)(i), substituted “(b)(1)(A)” for “(b)(1)(A)(i)”.
  • (d)(3)(B)(iii) Pub. L. 115–97, § 12001(b)(5)(C)(ii), substituted “paragraph (2)” for “paragraph (3)”.
  • (d)(4) Pub. L. 115–97, § 12003(a), added par. (4). Former par. (4) redesignated (3).
  • (d)(4)(A)(ii) Pub. L. 115–97, § 11002(d)(1)(I), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • § 55 Pub. L. 115–97, § 12001(b)(6), struck out subsec. (e) which related to exemption for small corporations.

§ 56 Adjustments in computing alternative minimum taxable income

  • (b)(1)(B) Pub. L. 115–97, § 11027(b), inserted at end “This subparagraph shall not apply to taxable years beginning after…
  • (b)(2)(C) (b)(2) Pub. L. 115–97, § 12001(b)(7), redesignated subpar. (D) as (C) and struck out former subpar. (C). Prior to amendment…
  • (c) Pub. L. 115–97, § 12001(b)(8)(A), struck out subsec. (c) which related to adjustments applicable to corporations.
  • § 56 Pub. L. 115–97, § 12001(b)(8)(A), struck out subsec. (g) which related to adjustments based on adjusted current…

§ 58 Denial of certain losses

  • (a)(3) (a) Pub. L. 115–97 redesignated par. (4) as (3) and struck out former par. (3). Prior to amendment, text of par. (3) read…

§ 59 Other definitions and special rules

  • (a)(1)(C) Pub. L. 115–97, § 12001(b)(3)(C)(i), substituted “section 55(b)(1) in lieu of the highest rate of tax specified in…
  • (a)(2) Pub. L. 115–97, § 12001(b)(3)(C)(ii), substituted “means the amount determined under the first sentence of section…
  • (b) Pub. L. 115–97, § 12001(b)(10), struck out subsec. (b). Text read as follows: “In the case of any corporation for which…
  • (f) Pub. L. 115–97, § 12001(b)(10), struck out subsec. (f). Text read as follows: “Except as otherwise provided in this…
  • (j)(2)(B) Pub. L. 115–97, § 11002(d)(4), substituted “for ‘2016’ in subparagraph (A)(ii)” for “for ‘1992’ in subparagraph (B)”.

§ 59A Tax on base erosion payments of taxpayers with substantial gross receipts

§ 61 Gross income defined

§ 62 Adjusted gross income defined

  • (a) Pub. L. 115–97, § 11011(b)(1), inserted at end of concluding provisions “The deduction allowed by section 199A shall…
  • (a)(10) Pub. L. 115–97, § 11051(b)(2)(A), struck out par. (10). Text read as follows: “The deduction allowed by section 215.”
  • (d)(3)(B) Pub. L. 115–97, § 11002(d)(1)(J), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 63 Taxable income defined

  • (b)(3) Pub. L. 115–97, § 11011(b)(2), added par. (3).
  • (c)(4)(B) Pub. L. 115–97, § 11002(d)(1)(K), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (c)(7) Pub. L. 115–97, § 11021(a), added par. (7).
  • (d) Pub. L. 115–97, § 11011(b)(3), added par. (3).

§ 67 2-percent floor on miscellaneous itemized deductions

  • (g) Pub. L. 115–97 added subsec. (g).

§ 68 Overall limitation on itemized deductions

  • (b) Pub. L. 115–97, § 11002(d)(2), substituted “1(f)(3)(A)(ii)” for “1(f)(3)(B)” and “2016” for “1992”.
  • § 68 Pub. L. 115–97, § 11046(a), added subsec. (f).

§ 74 Prizes and awards

  • (d)(2)(B) Pub. L. 115–97 struck out “199,” after “137,”.

§ 78 Gross up for deemed paid foreign tax credit

  • § 78 Pub. L. 115–97 amended section generally. Prior to amendment, text read as follows: “If a domestic corporation chooses…

§ 83 Property transferred in connection with performance of services

  • (i) Pub. L. 115–97 added subsec. (i).

§ 86 Social security and tier 1 railroad retirement benefits

  • (b)(2)(A) Pub. L. 115–97 struck out “199,” before “221”.

§ 91 Certain foreign branch losses transferred to specified 10-percent owned foreign corporations

§ 101 Certain death benefits

  • (a)(1) Pub. L. 115–97, § 13522(b), substituted “paragraphs (2) and (3)” for “paragraph (2)”.
  • (a)(3) Pub. L. 115–97, § 13522(a), added par. (3).

§ 108 Income from discharge of indebtedness

  • (f)(5) Pub. L. 115–97 added par. (5).

§ 118 Contributions to the capital of a corporation

  • (b) (c) (d) (e) Pub. L. 115–97 added subsecs. (b) and (c), redesignated subsec. (e) as (d), and struck out former subsecs. (b) to (d)…

§ 121 Exclusion of gain from sale of principal residence

  • (d)(3)(B) Pub. L. 115–97, § 11051(b)(3)(A)(i), struck out “(as defined in section 71(b)(2))” after “divorce or separation…
  • (d)(3)(C) Pub. L. 115–97, § 11051(b)(3)(A)(ii), added subpar. (C).

§ 125 Cafeteria plans

  • (i)(2)(B) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 132 Certain fringe benefits

  • (f)(6)(A)(ii) Pub. L. 115–97, § 11002(d)(5), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii) thereof” for “for…
  • (f) Pub. L. 115–97, § 11047(a), added par. (8).
  • (g) Pub. L. 115–97, § 11048(a), substituted “For purposes of this section—” for “For purposes of this section,”, designated…

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

  • (b)(2)(B)(ii) Pub. L. 115–97, § 11002(d)(1)(M), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (c)(4)(A) Pub. L. 115–97, § 13305(b)(1), struck out “199,” before “221”.

§ 137 Adoption assistance programs

  • (b)(3)(A) Pub. L. 115–97, § 13305(b)(1), struck out “199,” before “221”.
  • (f)(2) Pub. L. 115–97, § 11002(d)(1)(N), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 139G Assignments to Alaska Native Settlement Trusts

§ 145 Qualified 501(c)(3) bond

  • (d)(4) Pub. L. 115–97 substituted “of section 47(c)(1)(B)” for “of section 47(c)(1)(C)” in subpars. (A) and (B) and “section…

§ 146 Volume cap

  • (d)(2)(B) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 147 Other requirements applicable to certain private activity bonds

  • (c)(2)(H)(ii) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 148 Arbitrage

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

  • (d)(1) Pub. L. 115–97, § 13532(a), substituted “to advance refund another bond.” for “as part of an issue described in…
  • (d)(2) (d)(3) (d) Pub. L. 115–97, § 13532(b)(1), redesignated pars. (5) and (7) as (2) and (3), respectively, and struck out former pars.…

§ 151 Allowance of deductions for personal exemptions

  • (d)(4) Pub. L. 115–97, § 11041(a)(1), substituted “Except as provided in paragraph (5), in the case of” for “In the case of”…
  • (d)(4)(B) Pub. L. 115–97, § 11002(d)(1)(Q), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (d)(5) Pub. L. 115–97, § 11041(a)(2), added par. (5).

§ 152 Dependent defined

  • (d)(5) Pub. L. 115–97 amended par. (5) generally. Prior to amendment, text read as follows: “For purposes of this subsection—

§ 162 Trade or business expenses

  • (a) Pub. L. 115–97, § 13311(a), struck out “in excess of $3,000” after “income tax purposes” in concluding provisions.
  • (e)(2) (e)(3) (e)(4) (e)(5) (e)(6) (e) Pub. L. 115–97, § 13308(a), redesignated pars. (3) to (6) and (8) as (2) to (6), respectively, and struck out former…
  • (f) Pub. L. 115–97, § 13306(a)(1), amended subsec. (f) generally. Prior to amendment, text read as follows: “No deduction…
  • (m)(2) Pub. L. 115–97, § 13601(c)(1), amended par. (2) generally. Prior to amendment, text read as follows: “For purposes of…
  • (m)(3) Pub. L. 115–97, § 13601(c)(2), inserted concluding provisions.
  • (m)(3)(A) Pub. L. 115–97, § 13601(b)(1), substituted “such employee is the principal executive officer or principal financial…
  • (m)(3)(B) Pub. L. 115–97, § 13601(b)(2), substituted “3” for “4” and “(other than any individual described in subparagraph (A))”…
  • (m)(3)(C) Pub. L. 115–97, § 13601(b)(3), added subpar. (C).
  • (m)(4)(B) (m)(4)(C) (m)(4)(D) (m)(4)(E) Pub. L. 115–97, § 13601(a)(1), redesignated subpars. (D) to (G) as (B) to (E), respectively, and struck out former…
  • (m)(4)(F) Pub. L. 115–97, § 13601(a)(1), (d), added subpar. (F) and redesignated former subpar. (F) as (D).
  • (m)(4) Pub. L. 115–97, § 13601(a)(1), redesignated subpar. (G) as (E).
  • (m)(5)(E) Pub. L. 115–97, § 13601(a)(2)(A), substituted “subparagraph (B)” for “subparagraphs (B), (C), and (D)”.
  • (m)(5)(G) Pub. L. 115–97, § 13601(a)(2)(B), substituted “(D) and (E)” for “(F) and (G)”.
  • (m)(6)(D) Pub. L. 115–97, § 13601(a)(2)(A), substituted “subparagraph (B)” for “subparagraphs (B), (C), and (D)”.
  • (m)(6)(G) Pub. L. 115–97, § 13601(a)(2)(B), substituted “(D) and (E)” for “(F) and (G)”.
  • (o)(3) Pub. L. 115–97, § 11002(d)(6), substituted “adjusted by increasing any such amount under the 1991 agreement by an…
  • (q) Pub. L. 115–97, § 13307(a), added subsec. (q). Former subsec. (q) redesignated (r), then (s).
  • (r) Pub. L. 115–97, § 13531(a), added subsec. (r).
  • (s) Pub. L. 115–97, §§ 13307(a), 13531(a), redesignated subsec. (q) as (r), then (s).

§ 163 Interest

  • (h)(3)(F) Pub. L. 115–97, § 11043(a), added subpar. (F).
  • (j) Pub. L. 115–97, § 13301(a), amended subsec. (j) generally. Prior to amendment, subsec. (j) related to a limitation on…

§ 164 Taxes

  • (b)(6) Pub. L. 115–97 added par. (6).

§ 165 Losses

  • (d) Pub. L. 115–97, § 11050(a), inserted at end “For purposes of the preceding sentence, in the case of taxable years…
  • (h)(5) Pub. L. 115–97, § 11044(a), added par. (5).

§ 168 Accelerated cost recovery system

  • (b)(2)(B) (b)(2)(C) (b)(2) Pub. L. 115–97, § 13203(b), redesignated subpars. (C) and (D) as (B) and (C), respectively, and struck out former…
  • (b)(3)(G) (b)(3) Pub. L. 115–97, § 13204(a)(2), added subpar. (G) and struck out former subpars. (G) to (I) which read as follows:
  • (e)(3)(B)(vii) Pub. L. 115–97, § 13203(a), substituted “after December 31, 2017” for “after December 31, 2008, and which is placed in…
  • (e)(3)(E)(iv) (e)(3)(E)(v) (e)(3)(E)(vi) (e)(3)(E)(vii) (e)(3)(E) Pub. L. 115–97, § 13204(a)(1)(A), redesignated cls. (vi) to (viii) as (iv) to (vi), respectively, and struck out former…
  • (e)(6) Pub. L. 115–97, § 13204(a)(1)(B), (4)(B)(i), added par. (6) and struck out former par. (6) which defined “qualified…
  • (e) Pub. L. 115–97, § 13204(a)(1)(B), struck out pars. (7) and (8) which defined “qualified restaurant property” and…
  • (g)(1)(F) Pub. L. 115–97, § 13204(a)(3)(A)(i), added subpar. (F).
  • (g)(1)(G) Pub. L. 115–97, § 13205(a), added subpar. (G).
  • (g)(2)(C) Pub. L. 115–97, § 13204(a)(3)(C), added items (iii) to (v) in table and struck out former items (iii) and (iv) which…
  • (g)(3)(B) Pub. L. 115–97, § 13204(a)(3)(B), inserted table items relating to subpars. (D)(v) and (E)(iv) to (vi) and struck out…
  • (g)(8) Pub. L. 115–97, § 13204(a)(3)(A)(ii), added par. (8).
  • (i)(7)(B) Pub. L. 115–97, § 13504(b)(1), struck out concluding provisions which read as follows: “Subparagraph (A) shall not…
  • (k) Pub. L. 115–97, § 13201(b)(2)(B), struck out “acquired after December 31, 2007, and before January 1, 2020” after…
  • (k)(1)(A) Pub. L. 115–97, § 13201(a)(1)(A), substituted “the applicable percentage” for “50 percent”.
  • (k)(2)(A)(i)(IV) Pub. L. 115–97, § 13201(g)(1), added subcl. (IV). Subcl. (IV) was added to cl. (i) after former subcl. (IV) was struck…
  • (k)(2)(A)(i)(IV) Pub. L. 115–97, § 13204(a)(4)(A), struck out subcl. (IV) which read as follows: “which is qualified improvement…
  • (k)(2)(A)(i)(V) Pub. L. 115–97, § 13201(g)(1), added subcl. (V).
  • (k)(2)(A)(ii) Pub. L. 115–97, § 13201(c)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the original…
  • (k)(2)(A) Pub. L. 115–97, § 13201(b)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.
  • (k)(2)(B)(i)(II) Pub. L. 115–97, § 13201(b)(1)(A)(ii)(I), substituted “January 1, 2028” for “January 1, 2021”.
  • (k)(2)(B)(i)(III) Pub. L. 115–97, § 13201(b)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.
  • (k)(2)(B)(ii) Pub. L. 115–97, § 13201(b)(1)(A)(ii)(II), substituted “pre-January 1, 2027” for “pre-January 1, 2020” in heading.
  • (k)(2)(B)(ii) Pub. L. 115–97, § 13201(b)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.
  • (k)(2)(E)(i) Pub. L. 115–97, § 13201(b)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.
  • (k)(2)(E)(ii) Pub. L. 115–97, § 13201(c)(2), amended cl. (ii) generally. Prior to amendment, text read as follows: “For purposes of…
  • (k)(2)(E) Pub. L. 115–97, § 13201(c)(3), amended subcl. (I) generally. Prior to amendment subcl. (I) read as follows: “property…
  • (k)(2)(F)(iii) Pub. L. 115–97, § 13201(f), substituted “acquired by the taxpayer before September 28, 2017, and placed in service by…
  • (k)(2)(H) Pub. L. 115–97, § 13201(g)(2), added subpar. (H).
  • (k)(3) Pub. L. 115–97, § 13204(a)(4)(B)(ii), struck out par. (3) which defined “qualified improvement property”.
  • (k)(4) Pub. L. 115–97, § 12001(b)(13), struck out par. (4) which related to election to accelerate AMT credits in lieu of…
  • (k)(5)(A) Pub. L. 115–97, § 13201(b)(1)(B), substituted “January 1, 2027” for “January 1, 2020” in introductory provisions.
  • (k)(5)(A)(i) Pub. L. 115–97, § 13201(a)(1)(B), substituted “the applicable percentage” for “50 percent”.
  • (k)(5) Pub. L. 115–97, § 13201(a)(3)(A), struck out subpar. (F). Text read as follows: “In the case of a specified plant which…
  • (k)(6) Pub. L. 115–97, § 13201(a)(2), amended par. (6) generally. Prior to amendment, text read as follows: “In the case of…
  • (k)(8) Pub. L. 115–97, § 13201(a)(3)(B), added par. (8).
  • (k)(9) Pub. L. 115–97, § 13201(d), added par. (9).
  • (k)(10) Pub. L. 115–97, § 13201(e), added par. (10).

§ 170 Charitable, etc., contributions and gifts

  • (b)(1)(G) (b)(1)(H) Pub. L. 115–97, § 11023(a), added subpar. (G) and redesignated former subpar. (G) as (H).
  • (b)(2)(D)(iv) (b)(2)(D)(v) Pub. L. 115–97, § 13305(b)(2), redesignated cls. (v) and (vi) as (iv) and (v), respectively, and struck out former cl.…
  • (b)(2)(D) Pub. L. 115–97, § 13305(b)(2), redesignated cl. (vi) as (v).
  • (b)(2)(D) Pub. L. 115–97, § 11011(d)(5), added cl. (vi).
  • (f)(8)(D) (f)(8) Pub. L. 115–97, § 13705(a), redesignated subpar. (E) as (D) and struck out former subpar. (D). Prior to amendment, text…
  • (l)(1) Pub. L. 115–97, § 13704(a)(1), added par. (1) and struck out former par. (1). Prior to amendment, text read as follows…
  • (l)(2)(B) Pub. L. 115–97, § 13704(a)(2), struck out “such amount would be allowable as a deduction under this section but for the…

§ 172 Net operating loss deduction

  • (a) Pub. L. 115–97, § 13302(a)(1), amended subsec. (a) generally. Prior to amendment, text read as follows: “There shall be…
  • (b)(1)(A)(i) Pub. L. 115–97, § 13302(b)(1)(A), substituted “except as otherwise provided in this paragraph, shall not be a net…
  • (b)(1)(A)(ii) Pub. L. 115–97, § 13302(b)(1)(B), substituted “to each taxable year” for “to each of the 20 taxable years”.
  • (b)(1)(B) Pub. L. 115–97, § 13302(b)(2), (c)(1), added subpar. (B) and struck out former subpar. (B). Prior to amendment, text…
  • (b)(1)(C) Pub. L. 115–97, § 13302(b)(2), (d)(1), added subpar. (C) and struck out former subpar. (C). Prior to amendment, text…
  • (b)(1)(D) (b)(1) Pub. L. 115–97, § 13302(b)(2), struck out subpars. (D) to (F) which related to corporate equity reduction interest…
  • (b)(2) Pub. L. 115–97, § 13302(a)(2), substituted “shall—” and subpars. (A) to (C) for “shall be computed—
  • (d)(6)(C) Pub. L. 115–97, § 13302(a)(3), added subpar. (C).
  • (d)(7) Pub. L. 115–97, § 13305(b)(3), struck out par. (7). Text read as follows: “The deduction under section 199 shall not be…
  • (d)(8) Pub. L. 115–97, § 11011(d)(1), added par. (8).
  • (d)(9) Pub. L. 115–97, § 14202(b)(1), added par. (9).
  • (f) (g) Pub. L. 115–97, § 13302(d)(2), added subsec. (f) and redesignated former subsec. (f) as (g).
  • (f) (g) Pub. L. 115–97, § 13302(c)(2)(A), redesignated subsec. (i) as (f) and struck out former subsecs. (f) and (g) which…
  • § 172 Pub. L. 115–97, § 13302(c)(2)(A), struck out subsec. (h) relating to farming loss rules and redesignated subsec. (i) as…

§ 174 Amortization of research and experimental expenditures

  • § 174 Pub. L. 115–97 amended section generally. Prior to amendment, section consisted of subsecs. (a) to (f) relating to…

§ 179 Election to expense certain depreciable business assets

  • (b)(1) Pub. L. 115–97, § 13101(a)(1), substituted “$1,000,000” for “$500,000”.
  • (b)(2) Pub. L. 115–97, § 13101(a)(2), substituted “$2,500,000” for “$2,000,000”.
  • (b)(6)(A) Pub. L. 115–97, § 13101(a)(3)(B)(i), substituted “paragraphs (1), (2), and (5)(A)” for “paragraphs (1) and (2)” in…
  • (b)(6)(A) Pub. L. 115–97, § 13101(a)(3)(A)(i), substituted “2018” for “2015” in introductory provisions.
  • (b)(6)(A)(ii) Pub. L. 115–97, § 13101(a)(3)(A)(ii), substituted “calendar year 2017” for “calendar year 2014”.
  • (b)(6)(A)(ii) Pub. L. 115–97, § 11002(d)(1)(R), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (b)(6)(B) Pub. L. 115–97, § 13101(a)(3)(B)(ii), inserted “($100 in the case of any increase in the amount under paragraph…
  • (d)(1) Pub. L. 115–97, § 13101(c), inserted “(other than paragraph (2) thereof)” after “section 50(b)” in concluding…
  • (d)(1)(B) Pub. L. 115–97, § 13101(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “which…
  • § 179 Pub. L. 115–97, § 13101(b)(2), amended subsec. (f) generally. Prior to amendment, subsec. (f) consisted of pars. (1)…

§ 199A Qualified business income

§ 213 Medical, dental, etc., expenses

  • (d)(10)(B)(ii) Pub. L. 115–97, § 11002(d)(7), reenacted heading and introductory provisions without change and amended subcls. (I) and…
  • § 213 Pub. L. 115–97, § 11027(a), amended subsec. (f) generally. Prior to amendment, text read as follows: “In the case of…

§ 217 Moving expenses

  • (k) Pub. L. 115–97 added subsec. (k).

§ 219 Retirement savings

  • (b)(5)(C)(i)(II) Pub. L. 115–97, § 11002(d)(1)(S), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (f)(1) Pub. L. 115–97, § 11051(b)(3)(C), struck out “The term ‘compensation’ shall include any amount includible in the…
  • (g)(3)(A)(ii) Pub. L. 115–97, § 13305(b)(1), struck out “199,” after “137,”.
  • (g)(8)(B) Pub. L. 115–97, § 11002(d)(1)(S), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 220 Archer MSAs

  • (f)(7) Pub. L. 115–97, § 11051(b)(3)(D), substituted “clause (i) of section 121(d)(3)(C)” for “subparagraph (A) of section…
  • (g)(2) Pub. L. 115–97, § 11002(d)(1)(T), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 221 Interest on education loans

  • (b)(2)(C)(i) Pub. L. 115–97, § 13305(b)(1), struck out “199,” after “and sections”.
  • (f)(1)(B) Pub. L. 115–97, § 11002(d)(1)(U), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 223 Health savings accounts

  • (f)(7) Pub. L. 115–97, § 11051(b)(3)(E), substituted “clause (i) of section 121(d)(3)(C)” for “subparagraph (A) of section…
  • (g)(1)(B) Pub. L. 115–97, § 11002(d)(1)(V), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 243 Dividends received by corporations

  • (a)(1) Pub. L. 115–97, § 13002(a)(1), substituted “50 percent” for “70 percent”.
  • (c) Pub. L. 115–97, § 13002(a)(3), which directed amendment of subsec. (c) heading by substituting “Increased percentage”…
  • (c)(1) Pub. L. 115–97, § 13002(a)(2), substituted “65 percent” for “80 percent” and “50 percent” for “70 percent”.

§ 245 Dividends received from certain foreign corporations

  • (a)(4) Pub. L. 115–97, § 14301(c)(2), amended par. (4) generally. Prior to amendment, text read as follows: “For purposes of…
  • (a)(10) Pub. L. 115–97, § 14301(c)(3), which directed amendment of subsec. (a)(10)(C) by substituting “907 and 960” for “902…
  • (c)(1)(B) Pub. L. 115–97, § 13002(b), substituted “50 percent” for “70 percent” and “65 percent” for “80 percent”.

§ 245A Deduction for foreign source-portion of dividends received by domestic corporations from specified 10-percent owned foreign corporations

§ 246 Rules applying to deductions for dividends received

  • (a)(1) Pub. L. 115–97, § 14101(c)(1), substituted “245, and 245A” for “and 245”.
  • (b)(1) Pub. L. 115–97, § 14202(b)(2)(B), which directed amendment of par. (1) by substituting “subsection (a) and (b) of…
  • (b)(1) Pub. L. 115–97, § 14202(b)(2)(A), which directed amendment of par. (1) by substituting “, subsection (a) and (b) of…
  • (b)(1) Pub. L. 115–97, § 13305(b)(1), struck out “199,” after “sections 172,”.
  • (b)(1) Pub. L. 115–97, § 11011(d)(2), which directed insertion of “199A,” before “243(a)(1)”, was executed by making the…
  • (b)(3)(A) Pub. L. 115–97, § 13002(c)(1), substituted “65 percent” for “80 percent”.
  • (b)(3)(B) Pub. L. 115–97, § 13002(c)(2), substituted “50 percent” for “70 percent”.
  • (c)(1) Pub. L. 115–97, § 14101(b)(1), substituted “245, or 245A” for “or 245” in introductory provisions.
  • (c)(5) Pub. L. 115–97, § 14101(b)(2), added par. (5).

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

  • (a)(1) Pub. L. 115–97 substituted “50 percent” for “70 percent” and “65 percent” for “80 percent”.

§ 247 Contributions to Alaska Native Settlement Trusts

§ 250 Foreign-derived deduction eligible income and net CFC tested income

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

  • (b)(2) Pub. L. 115–97, § 13102(b)(2), amended par. (2) generally. Prior to amendment, par. (2) related to property acquired…
  • (d)(2)(C) Pub. L. 115–97, § 13207(a), added subpar. (C).
  • (f)(4) (f)(5) Pub. L. 115–97, § 13801(a), added par. (4) and redesignated former par. (4) as (5).
  • (f)(5)(B)(ii) Pub. L. 115–97, § 13801(b), inserted “except as provided in paragraph (4),” before “ending on the date”.
  • (i) (j) Pub. L. 115–97, § 13102(b)(1), added subsec. (i) and redesignated former subsec. (i) as (j).

§ 267A Certain related party amounts paid or accrued in hybrid transactions or with hybrid entities

§ 274 Disallowance of certain entertainment, etc., expenses

  • (a) Pub. L. 115–97, § 13304(c)(1)(A), substituted “recreation, or qualified transportation fringes” for “or recreation” in…
  • (a)(1) Pub. L. 115–97, § 13304(a)(1)(B), struck out concluding provisions which read as follows: “In the case of an item…
  • (a)(1)(A) Pub. L. 115–97, § 13304(a)(1)(A), struck out “unless the taxpayer establishes that the item was directly related to…
  • (a)(2) Pub. L. 115–97, § 13304(a)(1)(C), struck out subpar. (C) which read as follows: “In the case of a club, paragraph…
  • (a)(4) Pub. L. 115–97, § 13304(c)(1)(B), added par. (4).
  • (d) Pub. L. 115–97, § 13304(a)(2)(A)(ii), in concluding provisions, struck out “, entertainment, amusement, recreation, or…
  • (d)(2) (d)(3) (d) Pub. L. 115–97, § 13304(a)(2)(A)(i), redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out former…
  • (j)(3)(A) Pub. L. 115–97, § 13310(a), designated text of subpar. (A) as cl. (i) and inserted heading, redesignated former cls.…
  • (l) Pub. L. 115–97, § 13304(a)(2)(B), (c)(2), added subsec. (l) and struck out former subsec. (l) which related to…
  • (n) Pub. L. 115–97, § 13304(a)(2)(C), struck out “and entertainment” after “meal” in heading.
  • (n)(1) Pub. L. 115–97, § 13304(a)(2)(D), amended par. (1) generally. Prior to amendment, par. (1) related to amount allowable…
  • (n)(2) Pub. L. 115–97, § 13304(a)(2)(E)(iv), (b)(4), successively amended last sentence of concluding provisions, resulting in…
  • (n)(2) Pub. L. 115–97, § 13304(a)(2)(E)(iii), (b)(3), which directed amendment of the “last sentence” of par. (2) by first…
  • (n)(2)(B) Pub. L. 115–97, § 13304(b)(1), (2), redesignated subpar. (C) as (B) and struck out former subpar. (B) which read as…
  • (n)(2)(B) Pub. L. 115–97, § 13304(a)(2)(E)(i), struck out “in the case of an expense for food or beverages,” before “such…
  • (n)(2)(C) Pub. L. 115–97, § 13304(b)(2), redesignated subpar. (D) as (C). Former subpar. (C) redesignated (B).
  • (n)(2)(C) Pub. L. 115–97, § 13304(a)(2)(E)(ii), redesignated subpar. (D) as (C) and struck out former subpar. (C) which read as…
  • (n)(2)(D) (n)(2) Pub. L. 115–97, § 13304(a)(2)(E)(ii), redesignated subpar. (E) as (D). Former subpar. (D) redesignated (C).
  • (o) (p) Pub. L. 115–97, § 13304(d), added subsec. (o) and redesignated former subsec. (o) as (p).

§ 280C Certain expenses for which credits are allowable

  • (a) Pub. L. 115–97, § 13403(d)(1), inserted “45S(a),” after “45P(a),”.
  • (b)(3) (b)(4) Pub. L. 115–97, § 13401(b), added par. (3) and redesignated former par. (3) as (4).
  • (c)(1) Pub. L. 115–97, § 13206(d)(2)(A), added par. (1) and struck out former par. (1). Prior to amendment, text read as…
  • (c)(2) Pub. L. 115–97, § 13206(d)(2)(B)–(D), redesignated par. (3) as (2), substituted “paragraph (1)” for “paragraphs (1) and…
  • (c)(3) Pub. L. 115–97, § 13206(d)(2)(C), redesignated par. (4) as (3). Former par. (3) redesignated (2).
  • (c)(3) Pub. L. 115–97, § 13001(b)(1)(A), substituted “section 11(b)” for “section 11(b)(1)”.
  • (c) Pub. L. 115–97, § 13206(d)(2)(C), redesignated par. (4) as (3).

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

  • (a)(1)(A)(i) Pub. L. 115–97, § 13202(a)(1)(A), substituted “$10,000” for “$2,560”.
  • (a)(1)(A)(ii) Pub. L. 115–97, § 13202(a)(1)(B), substituted “$16,000” for “$4,100”.
  • (a)(1)(A)(iii) Pub. L. 115–97, § 13202(a)(1)(C), substituted “$9,600” for “$2,450”.
  • (a)(1)(A)(iv) Pub. L. 115–97, § 13202(a)(1)(D), substituted “$5,760” for “$1,475”.
  • (a)(1)(B)(ii) Pub. L. 115–97, § 13202(a)(2)(A), substituted “$5,760” for “$1,475” in heading and text.
  • (d)(4)(A)(iv) (d)(4)(A) Pub. L. 115–97, § 13202(b)(1), redesignated cl. (v) as (iv) and struck out former cl. (iv) which read as follows: “any…
  • (d)(4)(B) (d)(4) Pub. L. 115–97, § 13202(b)(2), redesignated subpar. (C) as (B) and struck out former subpar. (B). Prior to amendment…
  • (d)(7)(A) Pub. L. 115–97, § 13202(a)(2)(B)(i), substituted “2018” for “1988”.
  • (d)(7)(B) Pub. L. 115–97, § 11002(d)(8), amended subpar. (B) generally. Prior to amendment, subpar. (B) related to automobile…
  • (d)(7)(B)(i)(II) Pub. L. 115–97, § 13202(a)(2)(B)(ii), substituted “2017” for “1987”.

§ 367 Foreign corporations

  • (a)(3) Pub. L. 115–97, § 14102(e)(1), redesignated par. (4) as (3) and struck out former par. (3) which related to exception…
  • (a)(4) Pub. L. 115–97, § 14102(e)(1), (2), redesignated par. (5) as (4) and substituted “Paragraph (2)” for “Paragraphs (2)…
  • (a)(5) (a) Pub. L. 115–97, § 14102(e)(1), redesignated pars. (5) and (6) as (4) and (5), respectively.
  • (d)(2)(D) Pub. L. 115–97, § 14221(b)(1), added subpar. (D).

§ 381 Carryovers in certain corporate acquisitions

  • (c)(20) Pub. L. 115–97, § 13301(b)(1), added par. (20).
  • § 381 Pub. L. 115–97, § 13511(b)(3), struck out subsec. (d). Text read as follows: “For application of this part to…

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

  • (d)(3) Pub. L. 115–97, § 13301(b)(2), added par. (3).
  • (k)(1) Pub. L. 115–97, § 13301(b)(3), inserted after first sentence “Such term shall include any corporation entitled to use a…
  • (l)(3)(B)(iii) Pub. L. 115–97, § 11051(b)(3)(F), substituted “section 121(d)(3)(C)” for “section 71(b)(2)”.

§ 402 Taxability of beneficiary of employees’ trust

  • (c)(3) Pub. L. 115–97, § 13613(b)(1), substituted “Time limit on transfers” for “Transfer must be made within 60 days of…
  • (c)(3)(A) Pub. L. 115–97, § 13613(b)(2), substituted “subparagraphs (B) and (C)” for “subparagraph (B)”.
  • (c)(3)(C) Pub. L. 115–97, § 13613(a), added subpar. (C).

§ 408 Individual retirement accounts

  • (d)(6) Pub. L. 115–97 substituted “clause (i) of section 121(d)(3)(C)” for “subparagraph (A) of section 71(b)(2)”.

§ 408A Roth IRAs

  • (c)(3)(D)(ii) Pub. L. 115–97, § 11002(d)(1)(W), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (d)(6)(B)(iii) Pub. L. 115–97, § 13611(a), added cl. (iii).

§ 409A Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans

  • (d)(7) Pub. L. 115–97 added par. (7).

§ 422 Incentive stock options

  • (b) Pub. L. 115–97 inserted at end of concluding provisions “Such term shall not include any option if an election is made…

§ 423 Employee stock purchase plans

  • (b)(5) Pub. L. 115–97, § 13603(c)(1)(B)(i), struck out “and” before “the plan may provide” and inserted “, and the rules of…
  • (d) Pub. L. 115–97, § 13603(c)(1)(B)(ii), added subsec. (d).

§ 430 Minimum funding standards for single-employer defined benefit pension plans

  • (c)(7)(D)(vii)(II) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 447 Method of accounting for corporations engaged in farming

  • (c) Pub. L. 115–97, § 13102(a)(5)(A)(i), in introductory provisions, inserted “for any taxable year” after “not being a…
  • (c)(2) Pub. L. 115–97, § 13102(a)(5)(A)(ii), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “a…
  • (d) Pub. L. 115–97, § 13102(a)(5)(C), redesignated subsec. (f) as (d) and struck out former subsec. (d) which related to…
  • (e) Pub. L. 115–97, § 13102(a)(5)(C), redesignated subsec. (g) as (e) and struck out former subsec. (e) which related to…
  • § 447 Pub. L. 115–97, § 13102(a)(5)(C)(ii), redesignated subsec. (f) as (d).
  • § 447 Pub. L. 115–97, § 13102(a)(5)(B), amended subsec. (f) generally. Prior to amendment, subsec. (f) related to…
  • § 447 Pub. L. 115–97, § 13102(a)(5)(C)(ii), redesignated subsec. (g) as (e).
  • § 447 Pub. L. 115–97, § 13102(a)(5)(C)(i), struck out subsecs. (h) and (i) which related to exception for certain closely…

§ 448 Limitation on use of cash method of accounting

  • (b)(3) Pub. L. 115–97, § 13102(a)(2), amended par. (3) generally. Prior to amendment, text read as follows: “Paragraphs (1)…
  • (c) Pub. L. 115–97, § 13102(a)(1), substituted “Gross receipts test” for “$5,000,000 gross receipts test” in heading and…
  • (c)(4) Pub. L. 115–97, § 13102(a)(3), added par. (4).
  • (d)(7) Pub. L. 115–97, § 13102(a)(4), amended par. (7) generally. Prior to amendment, par. (7) related to coordination with…

§ 451 General rule for taxable year of inclusion

  • (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) Pub. L. 115–97 first added subsec. (b) and then added subsec. (c) and correspondingly redesignated former subsecs. (b)…

§ 453A Special rules for nondealers

  • (c)(3) Pub. L. 115–97 struck out “or 1201 (whichever is appropriate)” after “1(h)” in concluding provisions.

§ 453B Gain or loss on disposition of installment obligations

  • (e)(2)(B) Pub. L. 115–97, § 13512(b)(1)(A), struck out “(as defined in section 806(b)(3))” before period at end.
  • (e)(3) Pub. L. 115–97, § 13512(b)(1)(B), added par. (3).

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

§ 460 Special rules for long-term contracts

  • (c)(6)(B) Pub. L. 115–97, § 13201(b)(2)(A), substituted “January 1, 2027 (January 1, 2028” for “January 1, 2020 (January 1, 2021”.
  • (e)(1)(B) Pub. L. 115–97, § 13102(d)(1)(A), in introductory provisions, inserted “(other than a tax shelter prohibited from using…
  • (e)(1)(B)(ii) Pub. L. 115–97, § 13102(d)(1)(B), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “whose…
  • (e)(2) Pub. L. 115–97, § 13102(d)(2), added par. (2) and struck out former par. (2) which related to determination of…
  • (e)(3) (e)(4) (e) Pub. L. 115–97, § 13102(d)(2), redesignated pars. (4) to (6) as (3) to (5), respectively, and struck out former par.…

§ 461 General rule for taxable year of deduction

  • (l) Pub. L. 115–97 added subsec. (l).

§ 465 Deductions limited to amount at risk

  • (c)(7)(D)(v)(II) Pub. L. 115–97 substituted “section 453B(e)(3)” for “section 806(b)(3)”.

§ 469 Passive activity losses and credits limited

  • (i)(3) Pub. L. 115–97, § 14202(b)(3), substituted “222, and 250” for “and 222”.
  • (i)(3) Pub. L. 115–97, § 13305(b)(1), struck out “199,” after “sections”.

§ 471 General rule for inventories

  • (c) (d) Pub. L. 115–97 added subsec. (c) and redesignated former subsec. (c) as (d).

§ 481 Adjustments required by changes in method of accounting

  • (d) Pub. L. 115–97 added subsec. (d).

§ 482 Allocation of income and deductions among taxpayers

  • § 482 Pub. L. 115–97 inserted at end “For purposes of this section, the Secretary shall require the valuation of transfers of…

§ 512 Unrelated business taxable income

  • (a)(6) Pub. L. 115–97, § 13702(a), added par. (6).
  • (a) Pub. L. 115–97, § 13703(a), added par. (7).
  • (d)(2)(B) Pub. L. 115–97, § 11002(d)(1)(Y), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 513 Unrelated trade or business

  • (h)(2)(C)(ii) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 527 Political organizations

  • (b) Pub. L. 115–97 struck out par. (1) designation and heading and struck out par. (2) which related to alternative tax in…

§ 529 Qualified tuition programs

  • (c)(3)(C)(i) Pub. L. 115–97, § 11025(a), added subcl. (III) and inserted concluding provisions.
  • (c)(7) Pub. L. 115–97, § 11032(a)(1), added par. (7).
  • (e)(3)(A) Pub. L. 115–97, § 11032(a)(2), inserted at end of concluding provisions “The amount of cash distributions from all…

§ 529A Qualified ABLE programs

  • (b)(2) Pub. L. 115–97, § 11024(a)(2), inserted at end of concluding provisions “A designated beneficiary (or a person acting…
  • (b)(2)(B) Pub. L. 115–97, § 11024(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “except…
  • (b)(7) Pub. L. 115–97, § 11024(a)(3), added par. (7).

§ 535 Accumulated taxable income

  • (b)(1) Pub. L. 115–97, § 14301(c)(4), substituted “section 960” for “section 902(a) or 960(a)(1)”.
  • (c)(5) Pub. L. 115–97, § 13001(b)(5)(B), amended par. (5) generally. Prior to amendment, text read as follows: “For denial of…

§ 537 Reasonable needs of the business

  • (b)(4) Pub. L. 115–97 inserted “(as in effect before the date of enactment of the Tax Cuts and Jobs Act)” after “as defined in…

§ 545 Undistributed personal holding company income

  • (b)(1) Pub. L. 115–97 substituted “section 960” for “section 902(a) or 960(a)(1)”.

§ 594 Alternative tax for mutual savings banks conducting life insurance business

  • (a) Pub. L. 115–97 substituted “tax imposed by section 11” for “taxes imposed by section 11 or section 1201(a)” in…

§ 613 Percentage depletion

  • (a) Pub. L. 115–97, § 13305(b)(4), struck out “and without the deduction under section 199” after “without allowance for…
  • (a) Pub. L. 115–97, § 11011(d)(3), inserted “and without the deduction under section 199A” after “without the deduction…

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

  • (d)(1) Pub. L. 115–97, § 13305(b)(5), redesignated subpars. (C) to (F) as (B) to (E), respectively, and struck out former…
  • (d)(1) Pub. L. 115–97, § 11011(d)(4), added subpar. (C) and redesignated former subpars. (C) to (E) as (D) to (F)…

§ 641 Imposition of tax

  • (c)(2)(E) Pub. L. 115–97 added subpar. (E).

§ 642 Special rules for credits and deductions

§ 691 Recipients of income in respect of decedents

  • (c)(4) Pub. L. 115–97 struck out “1201,” after “1(h),”.

§ 704 Partner’s distributive share

  • (d) Pub. L. 115–97 designated first and second sentences of existing provisions as pars. (1) and (2), respectively…

§ 708 Continuation of partnership

  • (b)(1) Pub. L. 115–97 struck out dash after “only if” and subpar. (A) designation before “no part” and struck out subpar. (B)…

§ 743 Special rules where section 754 election or substantial built-in loss

  • (d)(1) Pub. L. 115–97, § 13502(a), amended par. (1) generally. Prior to amendment, text read as follows: “For purposes of this…
  • (e)(4) (e)(5) (e)(6) (e) Pub. L. 115–97, § 13504(b)(2), redesignated pars. (5) to (7) as (4) to (6), respectively, and struck out former par.…

§ 801 Tax imposed

  • (a) Pub. L. 115–97, § 13001(b)(2)(G), struck out par. (1) designation and heading “In general” and struck out par. (2)…
  • (a) Pub. L. 115–97, § 13512(b)(3), which directed striking out subpar. (C) of par. (2), could not be executed because of…
  • § 801 Pub. L. 115–97, § 13514(b), struck out subsec. (c) which referred to section 815 of this title for taxation of…

§ 804 Life insurance deductions

  • § 804 Pub. L. 115–97 substituted “means the general deductions provided in section 805.” for “means—

§ 805 General deductions

  • (a)(4)(B)(i) Pub. L. 115–97, § 13512(b)(5), redesignated cl. (ii) as (i) and struck out former cl. (i) which read as follows: “the…
  • (a)(4)(B)(ii) Pub. L. 115–97, § 13512(b)(5), redesignated cl. (iii) as (ii). Former cl. (ii) redesignated (i).
  • (a)(4)(B)(ii) Pub. L. 115–97, § 13511(b)(4), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the…
  • (a)(4)(B)(iii) (a)(4)(B) Pub. L. 115–97, § 13512(b)(5), redesignated cls. (iii) and (iv) as (ii) and (iii), respectively.
  • (a)(5) Pub. L. 115–97, § 13511(b)(5), struck out par. (5) which provided for the operations loss deduction determined under…
  • (b)(2)(A)(iii) Pub. L. 115–97, § 13512(b)(6), redesignated cl. (iv) as (iii) and struck out former cl. (iii) which read as follows…
  • (b)(2)(A)(iv) Pub. L. 115–97, § 13512(b)(6), redesignated cl. (v) as (iv). Former cl. (iv) redesignated (iii).
  • (b)(2)(A)(iv) Pub. L. 115–97, § 13511(b)(6), amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: “any…
  • (b)(2)(A) Pub. L. 115–97, § 13512(b)(6), redesignated cl. (v) as (iv).
  • (b)(4) (b) Pub. L. 115–97, § 13511(a), redesignated par. (5) as (4) and struck out former par. (4) which did not allow the net…

§ 807 Rules for certain reserves

  • (c) Pub. L. 115–97, § 13517(a)(1), directed the general amendment of the second sentence of subsec. (c), which was executed…
  • (d)(1) (d)(2) Pub. L. 115–97, § 13517(a)(2)(A), (C), added pars. (1) and (2) and struck out former pars. (1) and (2) which read as…
  • (d)(3)(A)(iii) Pub. L. 115–97, § 13517(a)(2)(D), substituted “, the reserve method prescribed by the National Association of Insurance…
  • (d)(3)(A)(iv)(I) Pub. L. 115–97, § 13517(a)(2)(E), substituted “(as of the date the reserve is determined)” for “(as of the date of…
  • (d)(3)(A)(iv)(II) Pub. L. 115–97, § 13517(a)(2)(F), substituted “as of the date the reserve is determined for” for “as of the date of the…
  • (d)(3)(B) Pub. L. 115–97, § 13517(a)(2)(G), (H), substituted “applicable to the contract and in effect as of the date the reserve…
  • (d)(4) (d) Pub. L. 115–97, § 13517(a)(2)(A), (B), redesignated par. (6) as (4) and struck out former pars. (4) and (5) which…
  • (e)(2) Pub. L. 115–97, § 13517(a)(3)(C), amended par. (2) generally. Prior to amendment, par. (2) related to supplemental…
  • (e)(2) Pub. L. 115–97, § 13517(a)(3)(A), (B), redesignated par. (3) as (2) and struck out former par. (2) which related to…
  • (e)(3) (e)(4) Pub. L. 115–97, § 13517(a)(3)(B), redesignated pars. (4) and (6) as (3) and (4), respectively. Former par. (3)…
  • (e)(5) Pub. L. 115–97, § 13517(a)(3)(A), (B), redesignated par. (7) as (5) and struck out former par. (5) which related to…
  • (e)(6) Pub. L. 115–97, § 13517(a)(3)(D), added par. (6). Former par. (6) redesignated (4).
  • (e) Pub. L. 115–97, § 13517(a)(3)(B), redesignated par. (7) as (5).
  • (f)(1) Pub. L. 115–97, § 13513(a), amended par. (1) generally. Prior to amendment, par. (1) related to 10-year spread method…

§ 808 Policyholder dividends deduction

  • (g) Pub. L. 115–97 added subsec. (g).

§ 811 Accounting provisions

  • (d)(1) Pub. L. 115–97 substituted “the interest rate in effect under section 808(g)” for “the greater of the prevailing State…

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

  • § 812 Pub. L. 115–97 amended section generally. Prior to amendment, section consisted of subsecs. (a) to (f), relating to…

§ 814 Contiguous country branches of domestic life insurance companies

  • (f)(1) Pub. L. 115–97 redesignated subpar. (A) as par. (1), struck out subpar. (A) heading “In general”, and struck out…

§ 817A Special rules for modified guaranteed contracts

  • (e)(2) Pub. L. 115–97 substituted “and 807(d)(2)(B)” for “, 807(d)(2)(B), and 812”.

§ 831 Tax on insurance companies other than life insurance companies

  • (b)(2)(D) Pub. L. 115–97, § 11002(d)(1)(AA), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (b)(3) Pub. L. 115–97, § 13511(b)(2)(B), struck out “except as provided in section 844,” after “part,” in introductory…
  • (e) Pub. L. 115–97, § 13001(b)(2)(H), redesignated pars. (2) and (3) as (1) and (2), respectively, and struck out former…

§ 832 Insurance company taxable income

  • (b)(5)(B) Pub. L. 115–97, § 13515(a), substituted “the applicable percentage” for “15 percent” in introductory provisions and…
  • (c)(5) Pub. L. 115–97, § 13001(b)(2)(I), struck out “sec. 1201 and following,” before “relating to capital gains and losses”…

§ 834 Determination of taxable investment income

  • (b)(1)(D) Pub. L. 115–97 struck out “sec. 1201 and following,” before “relating to capital gains and losses”.

§ 842 Foreign companies carrying on insurance business

  • (c) Pub. L. 115–97 redesignated pars. (2) and (3) as (1) and (2), respectively, and struck out former par. (1). Prior to…

§ 846 Discounted unpaid losses defined

  • (c)(2) Pub. L. 115–97, § 13523(a), amended par. (2) generally. Prior to amendment, text read as follows:
  • (d)(3)(B) (d)(3) Pub. L. 115–97, § 13523(b), added subpar. (B) and struck out former subpars. (B) to (G) which related to treatment of…
  • (e) (f) Pub. L. 115–97, § 13523(c), redesignated subsecs. (f) and (g) as (e) and (f), respectively, and struck out former…
  • (f) Pub. L. 115–97, § 13517(b)(3), substituted “except that the limitation of subsection (a)(3) shall apply, and” for…
  • § 846 Pub. L. 115–97, § 13523(c), redesignated subsec. (g) as (f).

§ 848 Capitalization of certain policy acquisition expenses

  • (a)(2) Pub. L. 115–97, § 13519(a)(1), substituted “180-month” for “120-month”.
  • (b)(1) Pub. L. 115–97, § 13519(b), substituted “180-month” for “120-month”.
  • (c)(1)(A) Pub. L. 115–97, § 13519(a)(2), substituted “2.09 percent” for “1.75 percent”.
  • (c)(1)(B) Pub. L. 115–97, § 13519(a)(3), which directed substitution of “2.45 percent” for “2.05 percent” in par. (2), was…
  • (c)(1)(C) Pub. L. 115–97, § 13519(a)(4), which directed substitution of “9.2 percent” for “7.7 percent” in par. (3), was executed…
  • (e)(1)(B)(iii) Pub. L. 115–97, § 13517(b)(4), substituted “807(e)(3)” for “807(e)(4)”.
  • § 848 Pub. L. 115–97, § 12001(b)(8)(C), struck out subsec. (i). Text read as follows: “For purposes of determining adjusted…

§ 851 Definition of regulated investment company

  • (b) Pub. L. 115–97 substituted “section 951(a)(1)(A)” for “section 951(a)(1)(A)(i)” in concluding provisions.

§ 852 Taxation of regulated investment companies and their shareholders

  • (b)(1) Pub. L. 115–97, § 13001(b)(4), struck out “In the case of a regulated investment company which is a personal holding…
  • (b)(3)(A) Pub. L. 115–97, § 13001(b)(2)(J), substituted “section 11(b)” for “section 1201(a)”.

§ 857 Taxation of real estate investment trusts and their beneficiaries

  • (b)(3)(A) (b)(3)(B) Pub. L. 115–97, § 13001(b)(2)(K)(i), redesignated subpars. (B) and (C) as (A) and (B), respectively, and struck out…
  • (b)(3)(C) Pub. L. 115–97, § 13001(b)(2)(K)(i), redesignated subpar. (D) as (C). Former subpar. (C) redesignated (B).
  • (b)(3)(C)(i) (b)(3)(C)(ii) (b)(3)(C)(iv) Pub. L. 115–97, § 13001(b)(2)(K)(ii), substituted “paragraph (1)” for “subparagraph (A)(ii)” in cl. (i) and “the tax…
  • (b)(3)(D) Pub. L. 115–97, § 13001(b)(2)(K)(i), redesignated subpar. (E) as (D). Former subpar. (D) redesignated (C).
  • (b)(3)(E) Pub. L. 115–97, § 13001(b)(2)(K)(i), (iii), redesignated subpar. (F) as (E) and substituted “subparagraph (A) or (C)”…
  • (b)(3)(F) Pub. L. 115–97, § 13001(b)(2)(K)(iv), added subpar. (F). Former subpar. (F) redesignated (E).

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

§ 861 Income from sources within the United States

  • (a)(2) Pub. L. 115–97, § 13002(e)(2), substituted “100/65th” for “100/80th” and “100/50th” for “100/70th” in concluding…
  • (a)(2)(B) Pub. L. 115–97, § 13002(e)(1), substituted “100/50th” for “100/70th”.

§ 863 Special rules for determining source

  • (b) Pub. L. 115–97 inserted at end of concluding provisions “Gains, profits, and income from the sale or exchange of…

§ 864 Definitions and special rules

  • (c)(1)(A) Pub. L. 115–97, § 13501(a)(2)(A), substituted “(7), and (8)” for “and (7)”.
  • (c)(1)(B) Pub. L. 115–97, § 13501(a)(2)(B), substituted “(7), or (8)” for “or (7)”.
  • (c)(8) Pub. L. 115–97, § 13501(a)(1), added par. (8).
  • (e)(2) Pub. L. 115–97, § 14502(a), amended par. (2) generally. Prior to amendment, text read as follows: “All allocations and…

§ 865 Source rules for personal property sales

  • (h)(1)(B) Pub. L. 115–97 substituted “907” for “902, 907,”.

§ 877A Tax responsibilities of expatriation

  • (a)(3)(B)(i)(II) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

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

  • (a)(1) Pub. L. 115–97, § 14401(d)(2), which directed insertion of “or 59A,” after “section 11,”, was executed by making the…
  • (a)(1) Pub. L. 115–97, § 13001(b)(2)(L), struck out “or 1201(a)” before “on its taxable income”.
  • (a)(1) Pub. L. 115–97, § 12001(b)(14), struck out “, 55,” after “section 11”.

§ 897 Disposition of investment in United States real property

  • (a)(2)(A) Pub. L. 115–97 substituted “section 55(b)(1)” for “section 55(b)(1)(A)” in introductory provisions.

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

  • (a) Pub. L. 115–97, § 14301(c)(7), substituted “section 960” for “sections 902 and 960”.
  • (e)(2) Pub. L. 115–97, § 14301(c)(8), substituted “but is not limited to that portion” for “but is not limited to—
  • (f) Pub. L. 115–97, § 14301(c)(9), substituted “section 960” for “sections 902 and 960” in introductory provisions.
  • (j)(1)(A) Pub. L. 115–97, § 14301(c)(10), struck out “902 or” after “under section”.
  • (j)(1)(B) Pub. L. 115–97, § 14301(c)(11), substituted “section 960” for “sections 902 and 960”.
  • (k)(2) Pub. L. 115–97, § 14301(c)(12), struck out “, 902,” after “under section 853” in introductory provisions.
  • (k)(6) Pub. L. 115–97, § 14301(c)(13), struck out “902 or” after “under section”.
  • (m)(1)(B) Pub. L. 115–97, § 14301(c)(14), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “in the…

§ 904 Limitation on credit

  • (b)(2)(C) Pub. L. 115–97, § 13001(b)(2)(M)(i), struck out “or 1201(a)” after “under section 1(h)”.
  • (b)(3)(D) Pub. L. 115–97, § 13001(b)(2)(M)(ii), added subpar. (D) and struck out former subpar. (D). Prior to amendment, text…
  • (b)(3)(E) Pub. L. 115–97, § 13001(b)(2)(M)(iii), added subpar. (E) and struck out former subpar. (E) which related to rate…
  • (b)(5) Pub. L. 115–97, § 14101(d), added par. (5).
  • (c) Pub. L. 115–97, § 14201(b)(2)(C), inserted at end “This subsection shall not apply to taxes paid or accrued with…
  • (d)(1)(A) Pub. L. 115–97, § 14201(b)(2)(A), added subpar. (A). Former subpar. (A) redesignated (B), then (C).
  • (d)(1)(B) Pub. L. 115–97, § 14302(a), added subpar. (B). Former subpar. (B) redesignated (C), then (D).
  • (d)(1)(B) Pub. L. 115–97, § 14201(b)(2)(A), redesignated subpar. (A) as (B). Former subpar. (B) redesignated (C).
  • (d)(1)(C) Pub. L. 115–97, § 14302(a), redesignated subpar. (B) as (C). Former subpar. (C) redesignated (D).
  • (d)(1)(C) Pub. L. 115–97, § 14201(b)(2)(A), redesignated subpar. (B) as (C).
  • (d)(1)(D) Pub. L. 115–97, § 14302(a), redesignated subpar. (C) as (D).
  • (d)(2)(A)(ii) Pub. L. 115–97, § 14302(b)(2), substituted “income described in paragraph (1)(A), foreign branch income, and” for…
  • (d)(2)(A)(ii) Pub. L. 115–97, § 14201(b)(2)(B), inserted “income described in paragraph (1)(A) and” before “passive category income”.
  • (d)(2)(E)(i) Pub. L. 115–97, § 14301(c)(15)(A), amended cl. (i) generally. Prior to amendment, text read as follows: “The term…
  • (d)(2)(E)(ii) Pub. L. 115–97, § 14301(c)(15)(B), substituted “noncontrolled 10-percent owned foreign corporation” for “non-controlled…
  • (d)(2)(J) Pub. L. 115–97, § 14302(b)(1), added subpar. (J).
  • (d)(4) Pub. L. 115–97, § 14301(c)(16), substituted “noncontrolled 10-percent owned foreign corporations” for “noncontrolled…
  • (d)(6)(A) Pub. L. 115–97, § 14301(c)(17), substituted “907” for “902, 907,” in concluding provisions.
  • (g)(5) Pub. L. 115–97, § 14304(a), added par. (5).
  • (h)(10)(A) Pub. L. 115–97, § 14301(c)(18), substituted “sections 907 and 960” for “sections 902, 907, and 960” in concluding…
  • (k) Pub. L. 115–97, § 14301(c)(19), amended subsec. (k) generally. Prior to amendment, text read as follows:

§ 905 Applicable rules

  • (c)(1) Pub. L. 115–97, § 14301(c)(20), struck out “The Secretary may prescribe adjustments to the pools of post-1986 foreign…
  • (c)(2)(B)(i) Pub. L. 115–97, § 14301(c)(21), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “shall be taken…

§ 906 Nonresident alien individuals and foreign corporations

  • (a) Pub. L. 115–97, § 14301(c)(22), struck out “(or deemed, under section 902, paid or accrued during the taxable year)”…
  • (b)(4) (b) Pub. L. 115–97, § 14301(c)(23), struck out pars. (4) and (5) which read as follows:

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

  • (b)(2)(B) Pub. L. 115–97, § 14301(c)(24), struck out “902 or” after “under section”.
  • (c)(3)(A) Pub. L. 115–97, § 14301(c)(25)(A), added subpar. (A) and struck out former subpar. (A) which read as follows…
  • (c)(3)(B) Pub. L. 115–97, § 14301(c)(25)(B), substituted “section 960” for “section 960(a)”.
  • (c)(5) Pub. L. 115–97, § 14301(c)(26), struck out “902 or” after “under section”.
  • (f)(2)(B)(i) Pub. L. 115–97, § 14301(c)(27), struck out “902 or” after “under section”.

§ 908 Reduction of credit for participation in or cooperation with an international boycott

  • (a) Pub. L. 115–97 struck out “902 or” after “or under section” in introductory provisions.

§ 909 Suspension of taxes and credits until related income taken into account

  • (b) Pub. L. 115–97, § 14301(c)(29)(A), (C), (D), substituted “specified 10-percent owned foreign corporations” for “section…
  • (b)(1) Pub. L. 115–97, § 14301(c)(29)(B), struck out “902 or” after “for purposes of section”.
  • (d) Pub. L. 115–97, § 14301(c)(30), struck out par. (5). Text read as follows: “The term ‘section 902 corporation’ means…

§ 911 Citizens or residents of the United States living abroad

  • (b)(2)(D)(ii)(II) Pub. L. 115–97, § 11002(d)(9), substituted “for ‘2016’ in subparagraph (A)(ii)” for “for ‘1992’ in subparagraph (B)”.
  • (f)(1)(B) Pub. L. 115–97, § 12001(b)(3)(E)(i), substituted “section 55(b)(1)(B)” for “section 55(b)(1)(A)(ii)” and “section…
  • (f)(2)(B) Pub. L. 115–97, § 12001(b)(3)(E)(ii), substituted “section 55(b)(1)(B)” for “section 55(b)(1)(A)(ii)” in introductory…

§ 951 Amounts included in gross income of United States shareholders

  • (a)(1) Pub. L. 115–97, § 14215(a), substituted “at any time” for “for an uninterrupted period of 30 days or more” in…
  • (a)(1)(A) Pub. L. 115–97, § 14212(b)(1)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the…
  • (a)(3) Pub. L. 115–97, § 14212(b)(2), struck out par. (3). Text read as follows: “For purposes of paragraph (1)(A)(iii), the…
  • (b) Pub. L. 115–97, § 14214(a), inserted “, or 10 percent or more of the total value of shares of all classes of stock of…
  • (b) Pub. L. 115–97, § 14101(e)(1), substituted “title” for “subpart”.

§ 951A Net CFC tested income included in gross income of United States shareholders

§ 952 Subpart F income defined

  • (c)(1)(B)(i) Pub. L. 115–97, § 14212(b)(1)(C), substituted “section 951(a)(1)(A)” for “section 951(a)(1)(A)(i)”.
  • (c)(1)(B)(iii) Pub. L. 115–97, § 14211(b)(1), redesignated subcls. (II) to (V) as (I) to (IV), respectively, and struck out former…

§ 953 Insurance income

  • (b)(1)(A) Pub. L. 115–97, § 13512(b)(8), redesignated subpar. (B) as (A) and struck out former subpar. (A) which read as follows…
  • (b)(1)(B) Pub. L. 115–97, § 13512(b)(8), redesignated subpar. (C) as (B). Former subpar. (B) redesignated (A).
  • (b)(1)(B) Pub. L. 115–97, § 13511(b)(7), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “Section…
  • (b)(1) Pub. L. 115–97, § 13512(b)(8), redesignated subpar. (C) as (B).
  • (c)(1)(C) Pub. L. 115–97, § 14212(b)(1)(D), substituted “section 951(a)(1)(A)” for “section 951(a)(1)(A)(i)”.
  • (d)(4)(B)(iv)(II) Pub. L. 115–97, § 14212(b)(3), struck out before period at end “or amounts referred to in clause (ii) or (iii) of…

§ 954 Foreign base company income

  • (a) Pub. L. 115–97, § 14211(a), struck out par. (5) which read as follows: “the foreign base company oil related income for…
  • (b)(4) Pub. L. 115–97, § 14211(b)(2)(A), struck out at end “The preceding sentence shall not apply to foreign base company…
  • (b)(5) Pub. L. 115–97, § 14211(b)(2)(B), which directed substitution of “and the foreign base company services income” for…
  • (b) Pub. L. 115–97, § 14211(b)(2)(C), struck out par. (6). Text read as follows: “Income of a corporation which is foreign…
  • (g) Pub. L. 115–97, § 14211(b)(3), struck out subsec. (g) which related to foreign base company oil related income.
  • (i)(5)(B) Pub. L. 115–97, § 13517(b)(5), substituted “shall apply,” for “shall be substituted for the prevailing State assumed…

§ 957 Controlled foreign corporations; United States persons

  • (a) Pub. L. 115–97 substituted “title” for “subpart” in introductory provisions.

§ 958 Rules for determining stock ownership

  • (a)(1) Pub. L. 115–97, § 14301(c)(31), substituted “960” for “960(a)(1)” in introductory provisions.
  • (b) Pub. L. 115–97, § 14213(a)(2), substituted “Paragraph (1)” for “Paragraphs (1) and (4)” in concluding provisions.
  • (b)(4) Pub. L. 115–97, § 14213(a)(1), struck out par. (4) which read as follows: “Subparagraphs (A), (B), and (C) of section…

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

  • (d) Pub. L. 115–97, § 14301(c)(32), substituted “Any” for “Except as provided in section 960(a)(3), any”.
  • (e) Pub. L. 115–97, § 14301(c)(33), substituted “section 960(c)” for “section 960(b)”.

§ 960 Deemed paid credit for subpart F inclusions

  • § 960 Pub. L. 115–97, § 14301(b)(1), substituted “Deemed paid credit for subpart F inclusions” for “Special rules for foreign…
  • (a) (b) (c) Pub. L. 115–97, § 14301(b)(1), added subsecs. (a) and (b), redesignated former subsec. (b) as (c), and struck out…
  • (d) Pub. L. 115–97, § 14201(b)(1), added subsec. (d).
  • (e) (f) Pub. L. 115–97, § 14301(b)(2), added subsecs. (e) and (f).

§ 961 Adjustments to basis of stock in controlled foreign corporations and of other property

  • (d) Pub. L. 115–97 added subsec. (d).

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

  • (a)(1) Pub. L. 115–97 substituted “section 11” for “sections 11 and 55”.

§ 964 Miscellaneous provisions

  • (b) Pub. L. 115–97, § 14212(b)(4), struck out “, 955,” after “sections 952”.
  • (e)(4) Pub. L. 115–97, § 14102(c)(1), added par. (4).

§ 965 Treatment of deferred foreign income upon transition to participation exemption system of taxation

  • § 965 Pub. L. 115–97 amended section generally. Prior to amendment, section related to temporary dividends received deduction.

§ 970 Reduction of subpart F income of export trade corporations

  • (b) Pub. L. 115–97 struck out subsec. (b). Text read as follows: “Each United States shareholder of a controlled foreign…

§ 1016 Adjustments to basis

  • (a)(1) Pub. L. 115–97, § 13521(a), substituted subpars. (A) and (B) for former subpars. (A) and (B) and concluding provisions…
  • (a)(23) Pub. L. 115–97, § 13313(b), struck out “1044,” after “section 1043,” and “1044(d),” after “section 1043(c),”.
  • (a)(38) Pub. L. 115–97, § 13823(b), added par. (38).

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

  • § 1031 Pub. L. 115–97, § 13303(b)(5), substituted “real property” for “property” in section catchline.
  • (a)(1) Pub. L. 115–97, § 13303(a), substituted “real property” for “property” wherever appearing.
  • (a)(2) Pub. L. 115–97, § 13303(b)(1)(A), amended par. (2) generally. Prior to amendment, text read as follows: “This…
  • (e) Pub. L. 115–97, § 13303(b)(2), (3), added subsec. (e) and struck out former subsec. (e). Prior to amendment, text read…
  • (h) Pub. L. 115–97, § 13303(b)(4), amended subsec. (h) generally. Prior to amendment, subsec. (h) related to special rules…
  • § 1031 Pub. L. 115–97, § 13303(b)(1)(B), struck out subsec. (i). Text read as follows: “For purposes of subsection (a)(2)(B)…

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

  • (b)(2)(B) Pub. L. 115–97 substituted “245, or 245A” for “or 245”.

§ 1061 Partnership interests held in connection with performance of services

§ 1063 Cross references

  • § 1063 Pub. L. 115–97 renumbered section 1061 of this title as this section.

§ 1221 Capital asset defined

  • (a)(3) Pub. L. 115–97 inserted “a patent, invention, model or design (whether or not patented), a secret formula or process,”…

§ 1231 Property used in the trade or business and involuntary conversions

  • (b)(1)(C) Pub. L. 115–97 inserted “a patent, invention, model or design (whether or not patented), a secret formula or process,”…

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

  • (j) (k) Pub. L. 115–97 added subsec. (j) and redesignated former subsec. (j) as (k).

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

  • (d)(2) Pub. L. 115–97 amended par. (2) generally. Prior to amendment, text read as follows:

§ 1291 Interest on tax deferral

  • (g)(2)(A) Pub. L. 115–97 substituted “any distribution, any withholding tax imposed with respect to such distribution, but only…

§ 1293 Current taxation of income from qualified electing funds

  • (f)(3) Pub. L. 115–97 added par. (3).

§ 1297 Passive foreign investment company

  • (b)(2)(B) Pub. L. 115–97, § 14501(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “derived in…
  • (f) Pub. L. 115–97, § 14501(b), added subsec. (f).

§ 1351 Treatment of recoveries of foreign expropriation losses

  • (i)(3) Pub. L. 115–97 struck out at end “or the operations loss deduction under section 810,”.

§ 1361 S corporation defined

  • (c)(2)(B)(v) Pub. L. 115–97 inserted at end “This clause shall not apply for purposes of subsection (b)(1)(C).”

§ 1371 Coordination with subchapter C

  • (f) Pub. L. 115–97 added subsec. (f).

§ 1374 Tax imposed on certain built-in gains

  • (b)(3)(B) Pub. L. 115–97, § 12002(c), struck out at end “A similar rule shall apply in the case of the minimum tax credit under…
  • (b) Pub. L. 115–97, § 13001(b)(2)(N), struck out par. (4). Text read as follows: “For purposes of section 1201(a)—

§ 1381 Organizations to which part applies

  • (b) Pub. L. 115–97 substituted “tax imposed by section 11” for “taxes imposed by section 11 or 1201”.

§ 1400Z-1 Designation

§ 1400Z-2 Special rules for capital gains invested in opportunity zones

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

  • (e)(1) Pub. L. 115–97, § 13001(b)(3)(A), in introductory provisions, substituted “the highest rate of tax in effect for the…
  • (e)(2) Pub. L. 115–97, § 13001(b)(3)(B), substituted “the highest rate of tax in effect for the taxable year under section…
  • (e)(6) Pub. L. 115–97, § 13001(b)(3)(C), substituted “the highest rate of tax in effect for the taxable year under section…

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

  • (b)(2)(B) Pub. L. 115–97, § 13001(b)(3)(D), substituted “section 11(b)” for “section 11(b)(1)”.
  • (f) (g) Pub. L. 115–97, § 13501(b), added subsec. (f) and redesignated former subsec. (f) as (g).

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

  • § 1561 Pub. L. 115–97, § 13001(b)(6)(A), amended section generally. Prior to amendment, section related to limitations on…
  • (a) Pub. L. 115–97, § 12001(b)(16)(B), struck out at end “In applying section 55(d)(3), the alternative minimum taxable…
  • (a) Pub. L. 115–97, § 12001(b)(16)(A), struck out par. (3) which read as follows: “one $40,000 exemption amount for…

§ 2001 Imposition and rate of tax

  • (g) Pub. L. 115–97 amended subsec. (g) generally. Prior to amendment, text read as follows: “For purposes of applying…

§ 2010 Unified credit against estate tax

  • (c)(3)(B)(ii) Pub. L. 115–97, § 11002(d)(1)(CC), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (c)(3) Pub. L. 115–97, § 11061(a), added subpar. (C).

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

  • (a)(3)(B) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 2503 Taxable gifts

  • (b)(2)(B) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 3401 Definitions

  • (e) Pub. L. 115–97, § 11041(c)(2)(A), struck out subsec. (e). Text read as follows: “For purposes of this chapter, the term…
  • (i) Pub. L. 115–97, § 13603(b)(1), added subsec. (i).

§ 3402 Income tax collected at source

  • (a)(2) Pub. L. 115–97, § 11041(c)(1), substituted “means the amount by which the wages exceed the taxpayer’s withholding…
  • (b)(1) (b)(2) Pub. L. 115–97, § 11041(c)(2)(C), substituted “allowance” for “exemption” in two places.
  • (f) Pub. L. 115–97, § 11041(c)(2)(D), substituted “allowance” for “exemptions” in heading.
  • (f)(1) (f)(2) Pub. L. 115–97, § 11041(c)(2)(B), amended pars. (1) and (2) generally. Prior to amendment, pars. (1) and (2) related to…
  • (f)(3) (f)(4) (f)(5) Pub. L. 115–97, § 11041(c)(2)(C), substituted “allowance” for “exemption” wherever appearing.
  • (f)(7) Pub. L. 115–97, § 11041(c)(2)(C), which directed substitution of “allowance” for “exemption” in heading, was executed…
  • (f)(7) Pub. L. 115–97, § 11041(c)(2)(C), substituted “allowance” for “exemption” in two places.
  • (g) Pub. L. 115–97, § 11041(c)(2)(C), which directed amendment of par. (4) of subsec. (g) by substituting “allowance” for…
  • (l)(1) (l)(2) Pub. L. 115–97, § 11041(c)(2)(C), substituted “allowance” for “exemption” wherever appearing.
  • (m) Pub. L. 115–97, § 11041(c)(2)(E), substituted “an additional withholding allowance or additional reductions in…
  • (m)(1) Pub. L. 115–97, § 11051(b)(2)(B), struck out “(other than paragraph (10) thereof)” after “section 62(a)”.
  • (m)(1) Pub. L. 115–97, § 11011(b)(4), inserted “and the estimated deduction allowed under section 199A” after “chapter 1”.
  • (n) Pub. L. 115–97, § 11041(c)(2)(C), substituted “allowance” for “exemption” in introductory provisions.
  • (t) Pub. L. 115–97, § 13603(b)(2), added subsec. (t).

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

  • (a)(3) Pub. L. 115–97, § 11041(c)(2)(F), substituted “allowance” for “exemption”.
  • (a)(4) Pub. L. 115–97, in heading, substituted “allowance” for “exemption” and in text, substituted “allowance” for…

§ 4161 Imposition of tax

  • (b)(2)(C)(i)(II) Pub. L. 115–97 substituted “for ‘2016’ in subparagraph (A)(ii)” for “for ‘1992’ in subparagraph (B)”.

§ 4261 Imposition of tax

  • (e)(4)(A)(ii) Pub. L. 115–97, § 11002(d)(1)(FF), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (e)(5) Pub. L. 115–97, § 13822(a), added par. (5).

§ 4960 Tax on excess tax-exempt organization executive compensation

§ 4968 Excise tax based on investment income of private colleges and universities

§ 4985 Stock compensation of insiders in expatriated corporations

  • (a)(1) Pub. L. 115–97 substituted “section 1(h)(1)(D)” for “section 1(h)(1)(C)”.

§ 5000A Requirement to maintain minimum essential coverage

  • (c)(2)(B)(iii) Pub. L. 115–97, § 11081(a)(1), substituted “Zero percent” for “2.5 percent”.
  • (c)(3)(A) Pub. L. 115–97, § 11081(a)(2)(A), substituted “$0” for “$695”.
  • (c)(3) Pub. L. 115–97, § 11081(a)(2)(B), struck out subpar. (D). Text read as follows: “In the case of any calendar year…
  • (c)(3) Pub. L. 115–97, § 11002(d)(1)(GG), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 5001 Imposition, rate, and attachment of tax

  • (c) Pub. L. 115–97, § 13807(a), added subsec. (c). Former subsec. (c) redesignated (d).
  • (c)(1) Pub. L. 115–97, § 13807(c)(1), inserted “but only if the importer is an electing importer under paragraph (3) and the…
  • (c)(3) (c)(4) Pub. L. 115–97, § 13807(c)(2), added par. (3) and redesignated former par. (3) as (4).
  • (d) Pub. L. 115–97, § 13807(a), redesignated subsec. (c) as (d).

§ 5041 Imposition and rate of tax

  • (a) Pub. L. 115–97, § 13806(a)(1), substituted “Subject to subsection (h), still wines” for “Still wines”.
  • (b)(1) (b)(2) Pub. L. 115–97, § 13805(a), inserted “(16 percent in the case of wine removed after December 31, 2017, and before…
  • (c)(4) Pub. L. 115–97, § 13804(b), substituted “section 5051(a)(5)” for “section 5051(a)(2)(B)”.
  • (c)(8) Pub. L. 115–97, § 13804(a), added par. (8).
  • (c)(8) Pub. L. 115–97, § 13804(c)(1), inserted “but only if the importer is an electing importer under paragraph (9) and the…
  • (c) Pub. L. 115–97, § 13804(c)(2), added par. (9).
  • (h) Pub. L. 115–97, § 13806(a)(2), added subsec. (h).

§ 5051 Imposition and rate of tax

  • (a)(1) Pub. L. 115–97, § 13802(a), amended par. (1) generally. Prior to amendment, text read as follows: “A tax is hereby…
  • (a)(1) Pub. L. 115–97, § 13802(c)(1), inserted “but only if the importer is an electing importer under paragraph (4) and the…
  • (a)(2)(A) Pub. L. 115–97, § 13802(b), in heading, struck out “$7 a barrel” before “rate” and in text, inserted “($3.50 in the…
  • (a)(2)(B) (a)(2) Pub. L. 115–97, § 13802(d)(1), redesignated subpar. (C) as (B) and struck out former subpar. (B) which related to…
  • (a)(4) Pub. L. 115–97, § 13802(c)(2), added par. (4).
  • (a)(5) Pub. L. 115–97, § 13802(d)(2), added par. (5).

§ 5212 Transfer of distilled spirits between bonded premises

  • § 5212 Pub. L. 115–97 inserted at end “In the case of distilled spirits transferred in bond after December 31, 2017, and…

§ 5412 Removal of beer in containers or by pipeline

  • § 5412 Pub. L. 115–97 inserted “pursuant to section 5414 or” before “by pipeline”.

§ 5414 Transfer of beer between bonded facilities

  • § 5414 Pub. L. 115–97 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).

§ 6012 Persons required to make returns of income

  • (f) Pub. L. 115–97 added subsec. (f).

§ 6033 Returns by exempt organizations

  • (e)(1)(B)(ii) Pub. L. 115–97 substituted “section 162(e)(4)(B)(ii)” for “section 162(e)(5)(B)(ii)”.

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

  • (c)(1)(B) Pub. L. 115–97, § 14301(c)(36), substituted “section 960” for “sections 902 (relating to foreign tax credit for…
  • (c)(4) Pub. L. 115–97, § 14301(c)(37), struck out subpar. (C) which read as follows: “In applying subsections (a) and (b) of…

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

  • (b) Pub. L. 115–97, § 14401(b)(1), amended subsec. (b) generally. Prior to amendment, subsec. (b) described information…
  • (d)(1) (d)(2) Pub. L. 115–97, § 14401(b)(2), substituted “$25,000” for “$10,000”.

§ 6039F Notice of large gifts received from foreign persons

  • (d) Pub. L. 115–97 substituted “subparagraph (A)(ii) thereof shall be applied by substituting ‘1995’ for ‘2016’ ” for…

§ 6039H Information with respect to Alaska Native Settlement Trusts and Native Corporations

  • § 6039H Pub. L. 115–97, § 13821(c)(1)(A), struck out “sponsoring” before “Native Corporations” in section catchline.
  • (e) Pub. L. 115–97, § 13821(c)(1)(B), added subsec. (e).

§ 6047 Information relating to certain trusts and annuity plans

  • (g) Pub. L. 115–97, § 13520(c)(2)(B), added subsec. (g). Former subsec. (g) redesignated (h).
  • (h) Pub. L. 115–97, § 13520(c)(2)(A), redesignated subsec. (g) as (h).
  • (h)(4) Pub. L. 115–97, § 13520(c)(2)(C), added par. (4). Text was editorially conformed to match the style of pars. (1) to (3).

§ 6050X Information with respect to certain fines, penalties, and other amounts

§ 6050Y Returns relating to certain life insurance contract transactions

§ 6051 Receipts for employees

§ 6211 Definition of a deficiency

  • (b)(4)(A) Pub. L. 115–97 inserted “and” before “36B” and struck out “, and 6431” after “168(k)(4)”.

§ 6323 Validity and priority against certain persons

  • (i)(4)(B) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 6334 Property exempt from levy

  • (d)(4) Pub. L. 115–97, § 11041(d), added par. (4).
  • (g)(1)(B) Pub. L. 115–97, § 11002(d)(1)(II), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 6343 Authority to release levy and return property

  • (b) Pub. L. 115–97 substituted “2 years” for “9 months” in concluding provisions.

§ 6401 Amounts treated as overpayments

  • (b)(1) Pub. L. 115–97 substituted “and G” for “G, H, I, and J”.

§ 6425 Adjustment of overpayment of estimated income tax by corporation

  • (c)(1)(A) Pub. L. 115–97, § 14401(d)(3), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the tax…
  • (c)(1)(A) Pub. L. 115–97, § 13001(b)(2)(P), struck out “or 1201(a),” after “by section 11”.
  • (c)(1)(A) Pub. L. 115–97, § 12001(b)(17), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “The…

§ 6501 Limitations on assessment and collection

  • (m) Pub. L. 115–97 inserted “45S(h),” after “45H(g),”.

§ 6532 Periods of limitation on suits

  • (c)(1) Pub. L. 115–97, § 11071(b)(1), substituted “2 years” for “9 months”.
  • (c)(2) Pub. L. 115–97, § 11071(b)(2), substituted “2-year” for “9-month”.

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

  • (j)(3)(B) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 6651 Failure to file tax return or to pay tax

  • (i) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

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

  • (c)(7)(A) Pub. L. 115–97, § 11002(d)(1)(LL), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…
  • (p) Pub. L. 115–97, § 13603(e), added subsec. (p).

§ 6655 Failure by corporation to pay estimated income tax

  • (e)(2)(A)(i) Pub. L. 115–97, § 14401(d)(4)(B), inserted “and modified taxable income” after “taxable income” in introductory…
  • (e)(2)(A)(i) Pub. L. 115–97, § 12001(b)(18), struck out “and alternative minimum taxable income” after “taxable income” in…
  • (e)(2)(B)(i) Pub. L. 115–97, § 14401(d)(4)(B), inserted “and modified taxable income” after “taxable income”.
  • (e)(2)(B)(i) Pub. L. 115–97, § 12001(b)(18), struck out “and alternative minimum taxable income” after “taxable income”.
  • (e)(2)(B)(iii) Pub. L. 115–97, § 14401(d)(4)(C), added cl. (iii).
  • (g)(1)(A)(i) Pub. L. 115–97, § 14401(d)(4)(A), struck out “plus” at end.
  • (g)(1)(A)(i) Pub. L. 115–97, § 13001(b)(2)(P), struck out “or 1201(a),” after “section 11”.
  • (g)(1)(A)(i) Pub. L. 115–97, § 12001(b)(19), inserted “plus” at end.
  • (g)(1)(A)(ii) Pub. L. 115–97, § 14401(d)(4)(A), added cl. (ii). Former cl. (ii) redesignated (iii).
  • (g)(1)(A)(ii) Pub. L. 115–97, § 12001(b)(19), redesignated cl. (iii) as (ii) and struck out former cl. (ii) which read as follows…
  • (g)(1)(A)(iii) Pub. L. 115–97, § 14401(d)(4)(A), redesignated cl. (ii) as (iii).
  • (g)(1)(A)(iii) Pub. L. 115–97, § 12001(b)(19), redesignated cl. (iii) as (ii).

§ 6662 Imposition of accuracy-related penalty on underpayments

  • (d)(1)(C) Pub. L. 115–97 added subpar. (C).

§ 6695 Other assessable penalties with respect to the preparation of tax returns for other persons

  • (g) Pub. L. 115–97, § 11001(b), amended subsec. (g) generally. Prior to amendment, text read as follows: “Any person who is…
  • (h)(1) Pub. L. 115–97, § 11002(d)(1)(MM), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar…

§ 6698 Failure to file partnership return

  • (e)(1) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 6699 Failure to file S corporation return

  • (e)(1) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 6721 Failure to file correct information returns

  • (f)(1) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 6722 Failure to furnish correct payee statements

  • (f)(1) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 6724 Waiver; definitions and special rules

  • (d)(1)(B)(xxvi) Pub. L. 115–97, § 13520(c)(1)(A), added cl. (xxvi). Amendment directing substitution of “or” for “and” at end of cl.…
  • (d)(2)(JJ) Pub. L. 115–97, § 13520(c)(1)(B), added subpar. (JJ) relating to section 6050Y.
  • (d)(3)(C) (d)(3) Pub. L. 115–97, § 11051(b)(2)(C), redesignated subpar. (D) as (C) and struck out former subpar. (C) which read as…

§ 7345 Revocation or denial of passport in case of certain tax delinquencies

  • (f)(2) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 7430 Awarding of costs and certain fees

  • (c)(1) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…

§ 7518 Tax incentives relating to merchant marine capital construction funds

  • (g)(6)(A) Pub. L. 115–97, § 13001(b)(7), in concluding provisions, substituted “In the case of a taxpayer other than a…
  • (g)(6)(A) Pub. L. 115–97, § 13001(b)(2)(Q), struck out “or 1201(a)” after “section 1(h)” in concluding provisions.

§ 7652 Shipments to the United States

  • (f)(2) Pub. L. 115–97 substituted “subsection (a)(1) of section 5001, determined as if subsection (c)(1) of such section did…

§ 7701 Definitions

  • (a)(17) Pub. L. 115–97, § 11051(b)(4), substituted “section 2516” for “sections 682 and 2516” and substituted “such section”…
  • (b)(5)(A)(iv) Pub. L. 115–97, § 13304(a)(2)(F), amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: “a…

§ 7702 Life insurance contract defined

  • (c)(3)(B)(i) Pub. L. 115–97, § 13517(a)(4)(A), added cl. (i) and struck out former cl. (i) which read as follows: “reasonable…
  • (f)(10) Pub. L. 115–97, § 13517(a)(4)(B), added par. (10).

§ 7872 Treatment of loans with below-market interest rates

  • (g)(5) Pub. L. 115–97 amended par. (5) generally. Prior to amendment, text read as follows:

§ 7874 Rules relating to expatriated entities and their foreign parents

  • (e)(1)(B) Pub. L. 115–97 substituted “section 11(b)” for “section 11(b)(1)”.

§ 9831 General exceptions

  • (d)(2)(D)(ii)(II) Pub. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in…