Bill H.R. 6883
§ 311 Taxability of corporation on distribution
- (a) Pub. L. 96–471 substituted “section 453B” for “Section 453(d)”.
§ 381 Carryovers in certain corporate acquisitions
- (c)(8) Pub. L. 96–471 substituted “reports on the installment basis under section 453 or 453A” for “has elected, under section…
§ 453 Installment method
- Enacted § 453
§ 453A Special rules for nondealers
- Enacted § 453A
§ 453B Gain or loss on disposition of installment obligations
- (d) Pub. L. 96–471, § 2(c)(3), inserted last sentence providing that in the case of any installment obligation which would…
§ 481 Adjustments required by changes in method of accounting
- (d) Pub. L. 96–471 struck out subsec. (d) which provided that this section was not to apply to a change to which section…
§ 691 Recipients of income in respect of decedents
§ 1038 Certain reacquisitions of real property
- (g) Pub. L. 96–471 added subsec. (g).
§ 1239 Gain from sale of depreciable property between certain related taxpayers
- (b)(1) Pub. L. 96–471 substituted “the taxpayer and the taxpayer’s spouse” for “a husband and wife”.
- (b)(2) Pub. L. 96–471 substituted “the taxpayer and an 80-percent owned entity, or” for “an individual and a corporation 80…
- (b)(3) Pub. L. 96–471 substituted “two 80-percent owned entities” for “two or more corporations 80 percent or more in value of…
- (c) Pub. L. 96–471 substituted provisions defining an “80-percent owned entity” for provisions relating to constructive…
§ 1255 Gain from disposition of section 126 property
- (b)(2) Pub. L. 96–471 substituted “453B(d)(2)” for “453(d)(4)(B)”.