# Pub. L. 86-346: changes to the Internal Revenue Code

1959-09-22, 73 Stat. 621. Source: <https://www.govinfo.gov/link/plaw/86/public/346>.

## Legislative history

- Bill: [H.R. 9035](https://www.congress.gov/bill/86th-congress/house-bill/9035)

## § 454: Obligations issued at discount

- § 454(c)(2): Pub. L. 86–346 designated existing provisions as cl. (A), inserted “of the United States” after “an obligation” and struck out “the maturity value of” before “such series E bond” and “which matures not more than 10 years from the date of maturity of such series E bond” after “income obligation” in such cl. (A), and added cl. (B).

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

- § 1031(b), § 1031(c), § 1031(d): Pub. L. 86–346 inserted references to section 1037(a) in subsecs. (b) and (c) and in first two sentences of subsec. (d).

## § 1037: Certain exchanges of United States obligations

- Enacted 26 U.S.C. § 1037.