Pub. L. 89-809: Nov. 13, 1966

Bill H.R. 13103

§ 1 Tax imposed

(d) (e) Pub. L. 89–809 added subsec. (d) and redesignated former subsec. (d) as (e).

§ 11 Tax imposed

§ 11 Pub. L. 89–809, § 104(b)(2)(A), struck out par. (4) which made reference to section 881(a) (relating to foreign…
§ 11 Pub. L. 89–809, § 104(b)(2)(B), added subsec. (f).

§ 48 Energy credit

(a)(2)(B) Pub. L. 89–809 added cl. (vii).

§ 153 Cross references

(3) Pub. L. 89–809 substituted “873(b)(3)” for “873(d)”.

§ 245 Dividends received from certain foreign corporations

(a) Pub. L. 89–809, § 104(d), (e)(2), substituted “and if 50 percent or more of the gross income of such corporation from…
(b) (c) Pub. L. 89–809, § 104(e)(1), (3), added subsec. (b), redesignated former subsec. (b) as (c), and substituted therein…

§ 301 Distributions of property

(b)(1) Pub. L. 89–809 substituted “gross income which is effectively connected with the conduct of a trade or business within…

§ 334 Basis of property received in liquidations

(b)(2) Pub. L. 89–809, § 202(b), inserted provisions for the determination of the date on which to commence the running of the…
(b) Pub. L. 89–809, § 202(a), inserted provision that, for purposes of par. (2)(B), “purchase” also means an acquisition of…

§ 351 Transfer to corporation controlled by transferor

(a) Pub. L. 89–809, § 203(a), inserted “(including, in the case of transfers made on or before June 30, 1967, an investment…
(d) (e) Pub. L. 89–809, § 203(b), added subsec. (d) and redesignated former subsec. (d) as (e).

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

(a)(10)(A) Pub. L. 89–809, § 204(b)(1)(A), struck out “(determined without regard to section 404(a)(10))” after “deducted under…
(c)(2)(A) Pub. L. 89–809, § 204(c), struck out “to the extent that such net earnings constitute earned income (as defined in…
(c)(2)(B) Pub. L. 89–809, § 204(c), struck out subpar. (B) relating to earned income when both personal services and capital are…
(c)(2)(C) Pub. L. 89–809, § 205(a), added subpar. (C).
(d) (e) Pub. L. 89–809, § 204(b)(1)(B) to (E), struck out “(determined without regard to section 404(a)(10))” wherever…

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

(a) Pub. L. 89–809, § 204(a), repealed par. (10) which provided for a special limitation on the amount allowed as a…
(e) Pub. L. 89–809, § 204(b)(2), (3), struck out references to par. (10) of subsec. (a) wherever appearing.

§ 512 Unrelated business taxable income

(a) Pub. L. 89–809 substituted “, the unrelated business taxable income shall be its unrelated business taxable income…

§ 542 Definition of personal holding company

(c)(7) Pub. L. 89–809 substituted requirement that the foreign corporation be other than a corporation which has income to…

§ 543 Personal holding company income

(a)(2) Pub. L. 89–809, § 206(b)(1), struck out provision that royalties received for the use of, or for the privilege of…
(b)(1) Pub. L. 89–809, § 104(h)(2), added subpar. (C).
(b)(2)(D) Pub. L. 89–809, § 206(b)(2), added subpar. (D).
(b)(3) Pub. L. 89–809, § 206(a), struck out “amounts constituting personal holding company income under subsection (a)(6), nor…

§ 545 Undistributed personal holding company income

(a) Pub. L. 89–809, § 104(h)(3)(A), substituted “in the manner provided in subsections (b), (c), and (d)” for “in the…
§ 545 Pub. L. 89–809, § 104(h)(3)(B), added subsec. (d).

§ 613 Percentage depletion

(b)(2)(B) Pub. L. 89–809, § 207(a)(1), inserted “clay, laterite, and nephelite syenite” after “anorthosite”.
(b)(3)(B) Pub. L. 89–809, §§ 207(a)(2), 209(a)(2), substituted “if neither paragraph (2)(B), (5), or (6)(B) applies” for “if…
(b)(5) Pub. L. 89–809, § 209(a)(1), added par. (5). Former par. (5) redesignated (6).
(b)(6) Pub. L. 89–809, §§ 208(a)(1), 209(a)(1), (3), (4), redesignated par. (5) as (6), struck out “mollusk shells (including…
(b)(7) Pub. L. 89–809, §§ 208(a)(2), 209(a)(1), (5), redesignated par. (6) as (7) and inserted “mollusk shells (including clam…
(c)(4)(G) Pub. L. 89–809, § 209(b), substituted “paragraph (5) or (6)(B)” for “paragraph (5)(B)”.

§ 831 Tax on insurance companies other than life insurance companies

(b) Pub. L. 89–809, § 104(i)(6)(A), redesignated subsec. (c) as (b). Former subsec. (b), which excepted foreign insurance…
(c) (d) Pub. L. 89–809, § 104(i)(6)(B), redesignated subsec. (d) as (c) and added item (2). Former subsec. (c) redesignated (b).

§ 832 Insurance company taxable income

(d) Pub. L. 89–809 redesignated subsec. (e) as (d). Former subsec. (d), having reference to the taxable income of foreign…
(e) Pub. L. 89–809 redesignated subsec. (e) as (d).

§ 834 Determination of taxable investment income

(e) § 834 Pub. L. 89–809 redesignated subsec. (f) as (e). Former subsec. (e), dealing with foreign mutual insurance companies…

§ 841 Credit for foreign taxes

§ 841 Pub. L. 89–809 substituted “For purposes of the preceding sentence (and for purposes of applying section 906 with…

§ 842 Foreign companies carrying on insurance business

§ 842 Pub. L. 89–809 substituted provisions covering the taxability of foreign corporations that are carrying on an insurance…

§ 861 Income from sources within the United States

(a)(1)(A) Pub. L. 89–809, § 102(a)(1)(A), substituted “interest on amounts described in subsection (c) received by a nonresident…
(a)(1)(B) Pub. L. 89–809, § 102(a)(2), struck out interest received from a resident foreign corporation, and substituted “gross…
(a)(1) Pub. L. 89–809, § 102(a)(2), added subpars. (C), (D), and (F), and redesignated former subpar. (C) as (E).
(a)(2)(B) Pub. L. 89–809, § 102(b), substituted “50 percent of the gross income from all sources” for “50 percent of the gross…
(a)(3)(C)(ii) Pub. L. 89–809, § 102(c), inserted “an individual who is a citizen or resident of the United States, a domestic…
(c) (d) Pub. L. 89–809, § 102(a)(1)(B), (3), added subsecs. (c) and (d).

§ 864 Definitions and special rules

§ 864 Pub. L. 89–809 designated existing provisions as subsec. (a) and added subsecs. (b) and (c).

§ 871 Tax on nonresident alien individuals

(a) (b) Pub. L. 89–809 consolidated the substance of former subsecs. (a) to (c) and, as part of the consolidation, revised the…
(c) Pub. L. 89–809 redesignated subsec. (d) as (c) and inserted provisions that any income described in section 1441(b)(1)…
(d) (e) (f) Pub. L. 89–809 added subsecs. (d) to (f) and redesignated former subsecs. (d) and (e) as (c) and (g), respectively.
(g) Pub. L. 89–809 redesignated former subsec. (e) as (g), added pars. (2) and (4) to (6), and redesignated former pars.…

§ 872 Gross income

(a) Pub. L. 89–809, § 103(b)(1), limited the inclusion of gross income which is derived from sources within the United…
(b)(3)(B) Pub. L. 89–809, § 103(b)(2), substituted “by a domestic corporation, a domestic partnership, or an individual who is a…
(b)(4) Pub. L. 89–809, § 102(b)(3), added par. (4).

§ 873 Deductions

§ 873 Pub. L. 89–809 amended section generally, substituting “connected with income which is effectively connected with the…

§ 874 Allowance of deductions and credits

(a) Pub. L. 89–809, § 103(d), struck out “of his total income received from all sources in the United States” after “true…
(c) Pub. L. 89–809, § 106(a)(3), substituted “Foreign tax credit” for “Foreign tax credit not allowed” in heading and…

§ 875 Partnerships; beneficiaries of estates and trusts

§ 875 Pub. L. 89–809 designated existing provisions as par. (1), substituted reference to nonresident alien individuals or…

§ 877 Expatriation to avoid tax

Enacted § 877

§ 878 Foreign educational, charitable, and certain other exempt organizations

§ 881 Tax on income of foreign corporations not connected with United States business

(a) Pub. L. 89–809 substantially revised the income tax treatment of foreign corporations, substituted the concept of…

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

§ 882 Pub. L. 89–809 substantially revised the income tax treatment of foreign corporations, introduced the concept of…

§ 885 Cross references

(1) Pub. L. 89–809 redesignated par. (4) as (1). Former par. (1) redesignated (6).
(2) Pub. L. 89–809 redesignated par. (3) as (2) and substituted “foreign corporations carrying on an insurance business…
(3) Pub. L. 89–809 redesignated former par. (2) as (3) and, in par. (3) as so redesignated, substituted “section 864(b)”…
(4) (5) Pub. L. 89–809 added pars. (4) and (5). Former par. (4) redesignated (1).
§ 885 Pub. L. 89–809 redesignated former par. (1) as (6).

§ 894 Income affected by treaty

§ 894 Pub. L. 89–809 designated existing provisions as subsec. (a), added subsec. (b), and substituted “affected by treaty”…

§ 895 Income derived by a foreign central bank of issue from obligations of the United States or from bank deposits

§ 895 Pub. L. 89–809 exempted income derived from obligations of agencies or instrumentalities of the United States and…

§ 896 Adjustment of tax on nationals, residents, and corporations of certain foreign countries

Enacted § 896

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

(b)(3) Pub. L. 89–809, § 106(b)(1), struck out provisions which made the allowance of the credit dependent upon whether the…
(b)(4) (b)(5) Pub. L. 89–809, § 106(a)(4), (5), added par. (4), redesignated former par. (4) as (5) and inserted reference to par.…
(c) (d) (e) Pub. L. 89–809, § 106(b)(2), added subsec. (c) and redesignated former subsecs. (c) and (d) as (d) and (e)…

§ 904 Limitation on credit

(f)(2) Pub. L. 89–809 inserted reference to includible corporations in an affiliated group, as defined in section 1504, of…

§ 906 Nonresident alien individuals and foreign corporations

Enacted § 906

§ 911 Citizens or residents of the United States living abroad

(d) Pub. L. 89–809 designated existing text as par. (1) and added par. (2).

§ 931 Income from sources within Guam, American Samoa, or the Northern Mariana Islands

§ 931 Subsec (d). Pub. L. 89–809 made applicable to United States citizens and domestic corporations engaged in trade or…

§ 952 Subpart F income defined

(b) Pub. L. 89–809 substituted “In the case of a controlled foreign corporation, subpart F income does not include any item…

§ 953 Insurance income

(b)(3) Pub. L. 89–809 substituted “832(c)(5)” for “832(b)(5)”.

§ 1234 Options to buy or sell

(c) § 1234 Pub. L. 89–809 added subsec. (c) and redesignated former subsec. (c) as (d).

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

(d)(4) Pub. L. 89–809 provided that for taxable years beginning after December 31, 1966, the earnings and profits of the…

§ 1249 Gain from certain sales or exchanges of patents, etc., to foreign corporations

(a) Pub. L. 89–809 substituted “Gain” for “Except as provided in subsection (c), gain”.

§ 1382 Taxable income of cooperatives

(a) Pub. L. 89–809, § 211(a)(1), inserted reference to amounts paid to patrons as a per-unit retain allocation as defined…
(b) Pub. L. 89–809, § 211(a)(2), inserted “and per-unit retain allocations” in heading, added pars. (3) and (4), and, in…
(e) Pub. L. 89–809, § 211(a)(3), inserted provision that the marketing of products shall be treated as occurring during any…
(f) Pub. L. 89–809, § 211(a)(4), substituted “paragraphs (1) and (2) of subsection (b)” for “subsection (b)”.

§ 1383 Computation of tax where cooperative redeems nonqualified written notices of allocation or nonqualified per-unit retain certificates

§ 1383 Pub. L. 89–809, § 211(a)(5), inserted “or nonqualified per-unit retain certificates” in section catchline.
(a) Pub. L. 89–809, § 211(a)(6), substituted “section 1382(b)(2) or (4)” for “1382(b)(2)” and inserted references to…
(b)(2) Pub. L. 89–809, § 211(a)(7), substituted “section 1382(b)(2) or (4)” for “section 1382(b)(2)” and inserted references…

§ 1385 Amounts includible in patron’s gross income

(a)(3) Pub. L. 89–809, § 211(b)(1), added par. (3).
(c) Pub. L. 89–809, § 211(b)(2)–(4), inserted “and certain nonqualified per-unit retain certificates” in heading, inserted…

§ 1388 Definitions; special rules

(e) Pub. L. 89–809, § 211(c)(1), inserted references to per-unit retain certificates.
(f) (g) (h) (i) Pub. L. 89–809, § 211(c)(2), added subsecs. (f) to (i).

§ 1441 Withholding of tax on nonresident aliens

(a) Pub. L. 89–809, § 103(h)(1), substituted “or of any foreign partnership” for “, or of any partnership not engaged in…
(b) Pub. L. 89–809, § 103(h)(2)–(4), struck out “(except interest on deposits with persons carrying on the banking business…
(c)(1) Pub. L. 89–809, § 103(h)(5), substituted “in the case of any item of income (other than compensation for personal…
(c)(4) Pub. L. 89–809, § 103(h)(6), struck out provisions which had served to limit to compensation for personal services of…
(c)(5) Pub. L. 89–809, § 103(h)(7), substituted “gains described in section 402(a)(2), 403(a)(2), or 631(b) or (c), gains…
(c)(7) Pub. L. 89–809, § 103(h)(8), added par. (7).
(d) (e) Pub. L. 89–809, § 103(h)(9), added subsec. (d) and redesignated former subsec. (d) as (e).

§ 1442 Withholding of tax on foreign corporations

§ 1442 Pub. L. 89–809 limited the withholding of tax at the 30 percent rate to items of fixed or determinable United States…

§ 1461 Liability for withheld tax

§ 1461 Pub. L. 89–809 struck out requirement that persons required to deduct and withhold any tax under this chapter make…

§ 2014 Credit for foreign death taxes

(a) Pub. L. 89–809 struck out provision that, if the decedent at the time of his death was not a citizen of the United…
(h) Pub. L. 89–809 added subsec. (h).

§ 2101 Tax imposed

(a) Pub. L. 89–809 substituted table to be used in computing the tax imposed on transfer of taxable estate, determined as…

§ 2102 Credits against tax

§ 2102 Pub. L. 89–809 redesignated existing provisions as subsec. (a), inserted reference to special limitation provided in…

§ 2104 Property within the United States

(c) Pub. L. 89–809 added subsec. (c).

§ 2105 Property without the United States

(b) Pub. L. 89–809 substituted amounts described in section 861(c) if any interest thereon, were such interest received by…

§ 2106 Taxable estate

(a)(3) Pub. L. 89–809 substituted “$30,000” for “$2,000” as size of exemption in subpar. (A) and “$30,000” for “$2,000” as…

§ 2107 Expatriation to avoid tax

Enacted § 2107

§ 2108 Application of pre-1967 estate tax provisions

Enacted § 2108

§ 2501 Imposition of tax

(a) Pub. L. 89–809 redesignated existing provisions as par. (1), struck out “, except transfers of intangible property by a…

§ 2511 Transfers in general

(b) Pub. L. 89–809 inserted reference to nonresidents who are excepted from the application of section 2501(a)(2) and…

§ 3401 Definitions

(a)(6) (a)(7) Pub. L. 89–809, § 103(k), struck out par. (6) dealing with services performed by nonresident alien individuals other…

§ 6018 Estate tax returns

(a)(2) Pub. L. 89–809 substituted “$30,000” for “$2,000”.

§ 6044 Returns regarding payments of patronage dividends

(b)(1) Pub. L. 89–809, § 211(d)(1), added subpars. (D) and (E).
(d) Pub. L. 89–809, § 211(d)(2), inserted references to qualified per-unit retain certificates.

§ 6096 Designation by individuals

Enacted § 6096

§ 6501 Limitations on assessment and collection

(b) Pub. L. 89–809 substituted “chapter 3, 21, or 24” for “chapter 21 or 24” in text of pars. (1) and (2) and inserted “and…

§ 6513 Time return deemed filed and tax considered paid

(b) Pub. L. 89–809, § 105(f)(1), designated existing provisions as pars. (1) and (2) and added par. (3).
(c) Pub. L. 89–809, § 105(f)(2), inserted reference to chapter 3 in provisions preceding par. (1) and “or other amount”…

§ 7701 Definitions

(a)(31) Pub. L. 89–809 substituted “, from sources without the United States which is not effectively connected with the…