Pub. L. 92-178 Dec. 10, 1971

85 Stat. 511 · Changed 75 sections of the Code

Bill H.R. 10947

§ 15 Effect of changes

  • (e) Pub. L. 92–178 added subsec. (e).

§ 37 Overpayments of tax

    § 46 Amount of credit

    • § 46 Pub. L. 92–178, § 106(b), inserted concluding sentence “In the case of an unused credit for an unused credit year…
    • § 46 Pub. L. 92–178, § 106(a), added par. (3).
    • § 46 Pub. L. 92–178, § 106(c)(1), substituted “Certain taxable years ending in 1969, 1970, or 1971” for “Taxable years…
    • § 46 Pub. L. 92–178, § 106(c)(2), substituted “ending after April 18, 1969, and before January 1, 1971,” for “ending after…
    • § 46 Pub. L. 92–178, § 102(a)(1), (b), substituted “3 years”, “5 years”, and “7 years” for “4 years” (once), “6 years”…
    • § 46 Pub. L. 92–178, § 105(a), substituted the fraction of “4⁄7” for “3⁄7”.
    • § 46 Pub. L. 92–178, § 105(b)(1), (2), struck out cl. (iii) provisions respecting telephone service, redesignated cl. (iv)…
    • § 46 Pub. L. 92–178, § 105(b)(3), added subpar. (C).
    • § 46 Pub. L. 92–178, § 107(a)(1), struck out provisions respecting reduction in basis or cost of certain replacement…
    • § 46 Pub. L. 92–178, § 108(a), added par. (3).
    • § 46 Pub. L. 92–178, § 105(c), added subsec. (e).

    § 47 Rehabilitation credit

    • (a) Pub. L. 92–178, § 107(a)(1), struck out par. (4) relating to property destroyed by casualty, etc.
    • (a) Pub. L. 92–178, § 107(b)(1), provided for the repeal of par. (5) with the repeal not to apply, however, in the case of…
    • (a) Pub. L. 92–178, § 102(c), substituted “3½ years” for “4 years”.

    § 48 Energy credit

    • (a)(1) Pub. L. 92–178, § 102(a)(2), substituted “3 years” for “4 years” in second sentence.
    • (a)(1) Pub. L. 92–178, § 104(a)(1), substituted “research facility” for “research or storage facility” in cl. (ii) and added…
    • (a)(2)(B) Pub. L. 92–178, § 104(c)(2), (3), (d), added cls. (viii) to (x), respectively.
    • (a)(3)(C) Pub. L. 92–178, § 104(b), added subpar. (C).
    • (a)(5) Pub. L. 92–178, § 104(c)(1), inserted “(other than the International Telecommunications Satellite Consortium or any…
    • (a)(6) Pub. L. 92–178, § 104(e), substituted provisions for treatment of livestock (other than horses) acquired by the…
    • (a)(7) (a)(8) (a)(9) Pub. L. 92–178, §§ 103, 104(f)(1), (g), added pars. (7) to (9), respectively.
    • (d) Pub. L. 92–178, § 108(b) and (c), substituted “section 46(d)(1)” for “section 46(d)”; and designated as par. (1) the…

    § 103 Interest on State and local bonds

    • (c) Pub. L. 92–178, § 315(a)(1), substituted “energy or gas,” for “energy, gas, or water or”.
    • (c) Pub. L. 92–178, § 315(a)(2), substituted “, or” for a period.
    • (c) Pub. L. 92–178, § 315(a)(3), added subpar. (G).
    • (c) Pub. L. 92–178, § 315(b), substituted “$1,000,000” for “$250,000”.

    § 151 Allowance of deductions for personal exemptions

    • § 151 Pub. L. 92–178 increased exemption from $650 to $675 with respect to taxable years beginning after Dec. 31, 1970, and…

    § 162 Trade or business expenses

    • (c) Pub. L. 92–178, § 310(a)(2), substituted “Illegal bribes, kickbacks, and other payments” for “Bribes and illegal…
    • (c)(2) Pub. L. 92–178, § 310(a)(1), substituted provisions respecting “Other illegal payments” for former provisions on “Other…
    • (c)(3) Pub. L. 92–178, § 310(a)(1), substituted provisions respecting kickbacks, rebates, and bribes under medicare and…

    § 163 Interest

    • (d)(1) Pub. L. 92–178, § 304(b)(2), inserted “the amount (if any) by which the deductions allowable under this section…
    • (d)(3)(C) Pub. L. 92–178, § 304(d), inserted reference to section 162.
    • (d)(4)(A)(i) Pub. L. 92–178, § 304(a)(2)(A), inserted “of the lessor” after “deductions” and “(other than rents and reimbursed…
    • (d) Pub. L. 92–178, § 304(a)(2)(B), added par. (7).

    § 167 Depreciation

    • § 167 Pub. L. 92–178 added subsec. (m) and redesignated former subsec. (m) as (n).

    § 169 Amortization of pollution control facilities

    • (h) Pub. L. 92–178 struck out provision that investment credit not be allowed. See section 48(a)(8) of this title.

    § 183 Activities not engaged in for profit

    • (e) Pub. L. 92–178 added subsec. (e).

    § 226 Cross reference

    • § 226 Pub. L. 92–178 renumbered section 218 of this title as this section.

    § 246 Rules applying to deductions for dividends received

    • (d) § 246 Pub. L. 92–178 added subsec. (d) and redesignated former subsec. (d) as (e).

    § 263 Capital expenditures

    • (e) Pub. L. 92–178, § 109(c), substituted “shall, at the election of the taxpayer, be treated” for “shall be treated” and…
    • (f) Pub. L. 92–178, § 109(b), added subsec. (f).

    § 301 Distributions of property

    • (b)(1) Pub. L. 92–178, § 312(a)(1), substituted “corporation, unless subparagraph (D) applies” for “corporation” where first…
    • (b)(1) Pub. L. 92–178, § 312(a)(2), added subpar. (D).
    • (d) Pub. L. 92–178, § 312(a)(3), substituted “corporation, unless paragraph (3) applies” for “corporation” where first…
    • (d) Pub. L. 92–178, § 312(a)(4), added par. (3) and redesignated former par. (3) as (4).

    § 381 Carryovers in certain corporate acquisitions

    • (c)(24) Pub. L. 92–178 added par. (24).

    § 383 Special limitations on certain excess credits, etc.

    § 642 Special rules for credits and deductions

    • (a) Pub. L. 92–178, § 701(b), added par. (3).
    • (f) Pub. L. 92–178, § 303(c)(4), inserted reference to section 188.
    • (i) § 642 Pub. L. 92–178, § 702(b), added subsec. (i) and redesignated former subsec. (i) as (j).

    § 665 Definitions applicable to subpart D

    • § 665 Pub. L. 92–178 struck out “for such taxable year” after “undistributed capital gain” in introductory text.

    § 703 Partnership computations

    • (b) Pub. L. 92–178 substituted “,” for “or” after “(relating to pre-1970 exploration expenditures)” and inserted “under…

    § 861 Income from sources within the United States

    • (a)(2)(D) Pub. L. 92–178, § 503, added subpar. (D).
    • (e) Pub. L. 92–178, § 314(a), added subsec. (e).

    § 862 Income from sources without the United States

    • § 862 Pub. L. 92–178 added subsec. (c).

    § 871 Tax on nonresident alien individuals

    • (a)(1)(A) Pub. L. 92–178, § 313(a), inserted “(other than original issue discount as defined in section 1232(b))” after…
    • (a)(1)(C) Pub. L. 92–178, § 313(b), designated existing provisions as cl. (i), inserted “and before April 1, 1972,” after…

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

    • (a)(1) Pub. L. 92–178, § 313(a), inserted “(other than original issue discount as defined in section 1232(b))” after…
    • (a)(3) Pub. L. 92–178, § 313(c), designated existing provisions as subpar. (A), inserted “and before April 1, 1972,” after…

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

    • (d) Pub. L. 92–178 inserted provision for treatment of dividends from a DISC or former DISC as dividends from a foreign…

    § 904 Limitation on credit

    • (f) Pub. L. 92–178, § 502(b)(2), inserted “and dividends from a DISC or former DISC” after “interest income” in the heading.
    • (f)(1) Pub. L. 92–178, § 502(b)(2), inserted “each of the following items of income” in introductory text, added subpar. (B)…
    • (f)(3) Pub. L. 92–178, § 502(b)(3), provided that the limitation provided by subsec. (a)(2) shall not apply to dividends…
    • (f)(5) Pub. L. 92–178, § 502(b)(4), added par. (5).

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

    • (a) Pub. L. 92–178 provided for non-application of section in the case of a corporation for a taxable year for which it is…

    § 971 Definitions

    • (a)(3) Pub. L. 92–178 added par. (3).

    § 991 Taxation of a domestic international sales corporation

    § 992 Requirements of a domestic international sales corporation

    § 993 Definitions and special rules

    § 994 Inter-company pricing rules

    § 995 Taxation of DISC income to shareholders

    § 996 Rules for allocation in the case of distributions and losses

    § 997 Special subchapter C rules

    § 1014 Basis of property acquired from a decedent

    • (d) Pub. L. 92–178 added subsec. (d).

    § 1245 Gain from dispositions of certain depreciable property

    • (a)(2) Pub. L. 92–178, § 303(c)(1), inserted reference to section 188 in two places in text following subpar. (D).
    • (a)(3)(B)(ii) (a)(3)(B)(iii) Pub. L. 92–178, § 104(a)(2), substituted “research facility” for “research or storage facility” in cl. (ii) and added…
    • (a)(3)(D) Pub. L. 92–178, § 303(c)(2), inserted reference to section 188.

    § 1250 Gain from dispositions of certain depreciable realty

    • (b)(3) Pub. L. 92–178 inserted reference to section 188.

    § 1441 Withholding of tax on nonresident aliens

    • (b) Pub. L. 92–178, § 313(a), inserted “(other than original issue discount as defined in section 1232(b))” after…
    • (c)(8) Pub. L. 92–178, § 313(d), added par. (8).

    § 1442 Withholding of tax on foreign corporations

    • (a) Pub. L. 92–178 provided that reference in section 1441(c)(8) to section 871(a)(1)(C) shall be treated as referring to…

    § 1504 Definitions

    • (b) Pub. L. 92–178 added par. (7).

    § 3402 Income tax collected at source

    • (a) Pub. L. 92–178, § 208(a), substituted new sets of tables 1 to 8 applicable (under § 208(i)(1)) with respect to wages…
    • (b)(1) Pub. L. 92–178, § 208(b)(1), revised withholding rates upwards, substituting 14.40; 28.80; 31.30; 62.50; 187.50…
    • (c)(6) Pub. L. 92–178, § 208(g), substituted “table 7 contained in subsection (a)” for “table 7 contained in paragraph (1)…
    • (f)(1) Pub. L. 92–178, § 208(c), added subpar. (G).
    • (f)(7) Pub. L. 92–178, § 208(d), added par. (7).
    • (m)(1) Pub. L. 92–178, § 208(e), substituted “an amount equal to the lesser of (i) $2,000 or (ii) 15 percent of his estimated…
    • (m)(2) Pub. L. 92–178, § 208(f)(1), inserted “or (if such a return has not been filed for such preceding taxable year at the…
    • (m)(2) Pub. L. 92–178, § 208(f)(2), substituted as definition of “estimation year” the calendar year in which the wages are…
    • (m)(3) Pub. L. 92–178, § 208(f)(3), struck out subpars. (B) and (C) providing that only one certificate be in effect and for…

    § 4071 Imposition of tax

    • § 4071 Pub. L. 92–178 added subsec. (e).

    § 4216 Definition of price

    • (b)(2)(C) (b)(5) Pub. L. 92–178, § 401(g)(4)(A), substituted “(relating to trucks, buses, tractor, etc.)” for “(relating to automobiles…
    • § 4216 Pub. L. 92–178, § 401(g)(4)(B), inserted reference to “tractors,” after “buses,”.

    § 4221 Certain tax-free sales

    • (c) Pub. L. 92–178 inserted reference to section 4063(a)(6) or (7).

    § 4222 Registration

    • (d) Pub. L. 92–178 inserted reference to section 4063(a)(6) and (7).

    § 6011 General requirement of return, statement, or list

    • (e) (f) Pub. L. 92–178 added subsec. (e) and redesignated former subsec. (e) as (f).

    § 6012 Persons required to make returns of income

    • (a)(1) Pub. L. 92–178 substituted “$750” for “$600” in subpars. (A) and (B); “$2,050” for “1,700” in subpars. (A)(i) and (B)…

    § 6013 Joint returns of income tax by husband and wife

    • (b)(3)(A) Pub. L. 92–178 increased the exemptions wherever appearing from $650 and $1,300 to $675 and $1,350, respectively, with…

    § 6072 Time for filing income tax returns

    • (b) Pub. L. 92–178 required returns of a DISC to be filed on or before the fifteenth day of the ninth month following the…

    § 6096 Designation by individuals

    • (a) Pub. L. 92–178 substituted “$1 shall be paid over to the Presidential Election Campaign Fund for the account of the…

    § 6331 Levy and distraint

    • (d) (e) Pub. L. 92–178 added subsec. (d) and redesignated former subsec. (d) as (e).

    § 6411 Tentative carryback and refund adjustments

    • § 6411 Pub. L. 92–178, § 601(e)(1)(A), substituted “unused investment credit, or unused work incentive program credit” for “or…
    • (a) Pub. L. 92–178, § 601(e)(1)(B) and (C), inserted “by a work incentive program carryback provided in section 50A(b),”…

    § 6412 Floor stocks refunds

    • (a)(1) Pub. L. 92–178 struck out par. (1) which related to general rule for floor stocks refunds on passenger automobiles, etc.

    § 6416 Certain taxes on sales and services

    • (b)(2) Pub. L. 92–178, § 401(a)(3)(C)(i), inserted reference to section 4063(a)(6).
    • (b)(2) Pub. L. 92–178, § 401(a)(3)(C)(ii), added subpar. (S).
    • § 6416 Pub. L. 92–178, § 401(g)(6), substituted “Trucks, buses, tractors, etc.” for “Automobiles, etc.” in heading.

    § 6501 Limitations on assessment and collection

    • (g)(3) Pub. L. 92–178, § 504(c), added par. (3).
    • (m) Pub. L. 92–178, § 601(e)(2), substituted “an investment credit carryback, or a work incentive program carryback” for…
    • (o) Pub. L. 92–178, § 601(d)(1), added subsec. (o).

    § 6511 Limitations on credit or refund

    • (d)(7) Pub. L. 92–178 added par. (7).

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

    • (e) Pub. L. 92–178 added par. (4).

    § 6611 Interest on overpayments

    • (f)(4) Pub. L. 92–178 added par. (4).

    § 6686 Failure to file returns or supply information by DISC or former FSC

    § 7216 Disclosure or use of information by preparers of returns

    § 7422 Civil actions for refund

    • (f)(1) Pub. L. 92–178 authorized maintenance of suit or proceeding against the United States notwithstanding provisions of…

    § 9001 Short title

    § 9002 Definitions

    § 9003 Condition for eligibility for payments

    § 9004 Entitlement of eligible candidates to payments

    § 9005 Certification by Commission

    § 9006 Payments to eligible candidates

    § 9007 Examinations and audits; repayments

    § 9008 Payments for presidential nominating conventions

    § 9009 Reports to Congress; regulations

    § 9010 Participation by Commission in judicial proceedings

    § 9011 Judicial review

    § 9012 Criminal penalties