Pub. L. 99-514 Oct. 22, 1986

100 Stat. 2096 · Changed 538 sections of the Code

Bill H.R. 3838 · Bluebook JCS-10-87 (1987)

§ 1 Tax imposed

  • (a) (b) (c) (d) (e) Pub. L. 99–514, § 101(a), in amending subsecs. (a) to (e) generally, substituted a general tax table for tax tables…
  • (f) Pub. L. 99–514, § 101(a), in amending subsec. (f) generally, in par. (1) substituted “1988,” for “1984” and struck out…
  • (g) (h) Pub. L. 99–514, § 101(a), in amending section generally, added subsecs. (g) and (h).
  • (i) Pub. L. 99–514, § 1411(a), added subsec. (i).
  • (j) Pub. L. 99–514, § 302(a), added subsec. (j).

§ 2 Definitions and special rules

  • (a)(3)(B) Pub. L. 99–514, § 1708(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the date…
  • (c) Pub. L. 99–514, § 1301(j)(10), substituted “section 7703(b)” for “section 143(b)”.

§ 3 Tax tables for individuals

  • (a) Pub. L. 99–514, § 102(b), substituted subsec. (a) for former subsec. (a) which read as follows:
  • (b) Pub. L. 99–514, § 141(b)(1), struck out par. (1) which read: “an individual to whom section 1301 (relating to income…

§ 5 Cross references relating to tax on individuals

  • (a)(4) Pub. L. 99–514, § 701(e)(4)(A), amended par. (4) generally, substituting “alternative minimum tax” for “minimum tax for…
  • (b)(2) (b) Pub. L. 99–514, § 141(b)(2), struck out par. (2) which read: “For limitation on tax where an individual chooses the…

§ 11 Tax imposed

  • (b) Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “The amount of the tax…

§ 12 Cross references relating to tax on corporations

  • § 12 Pub. L. 99–514 amended par. (7) generally, substituting “alternative minimum tax” and “55” for “minimum tax for tax…

§ 15 Effect of changes

  • (d) Pub. L. 99–514 amended subsec. (d) generally, substituting “apply to inflation adjustments” for “apply to section 1…

§ 21 Expenses for household and dependent care services necessary for gainful employment

  • (b)(1)(A) (e)(6)(A) Pub. L. 99–514, § 104(b)(1)(A), substituted “section 151(c)” for “section 151(e)”.
  • (e)(6)(B) Pub. L. 99–514, § 104(b)(1)(B), substituted “section 151(c)(3)” for “section 151(e)(3)”.

§ 22 Credit for the elderly and the permanently and totally disabled

  • (e)(2) Pub. L. 99–514 substituted “section 7703” for “section 143”.

§ 25 Interest on certain home mortgages

  • (a)(1)(B) Pub. L. 99–514, § 1862(d)(1), substituted “paid or accrued” for “paid or incurred”.
  • (b)(2)(A)(ii) Pub. L. 99–514, § 1301(f)(2)(A), substituted “section 143(k)(4)” for “section 103A(l)(6)”.
  • (b)(2)(A)(iii) Pub. L. 99–514, § 1301(f)(2)(B), substituted “section 143(k)(5)” for “section 103A(l)(7)”.
  • (c)(2)(A) Pub. L. 99–514, § 1301(f)(2)(E), substituted “section 143(a)(2)” for “section 103A(c)(2)” in provision following cl.…
  • (c)(2)(A) Pub. L. 99–514, § 1862(b), inserted “Under regulations, rules similar to the rules of subparagraphs (B) and (C) of…
  • (c)(2)(A)(ii) Pub. L. 99–514, § 1301(f)(2)(C)(ii), as amended by Pub. L. 100–647, § 1013(a)(25), substituted “private activity bonds…
  • (c)(2)(A)(iii) Pub. L. 99–514, § 1301(f)(2)(C)(i), substituted “section 143” for “section 103A” in introductory provisions, added…
  • (c)(2)(A)(iii)(V) Pub. L. 99–514, § 1862(a), substituted “subsection (j), other than paragraph (2) thereof” for “paragraph (1) of…
  • (c)(2)(B) Pub. L. 99–514, § 1301(f)(2)(C)(i), substituted in heading and introductory provisions “section 143” for “section 103A”.
  • (c)(2)(B) Pub. L. 99–514, § 1301(f)(2)(F), inserted in introductory provisions reference to subcl. (V), added cl. (iii) and…
  • (d)(2)(A) Pub. L. 99–514, § 1301(f)(1)(A), substituted “25 percent” for “20 percent” in concluding provisions.
  • (d) Pub. L. 99–514, § 1301(f)(2)(G), struck out par. (3) “Additional limit in certain cases” which read as follows: “In the…
  • (e)(1)(B) Pub. L. 99–514, § 1862(c), amended subpar. (B) generally. Prior to amendment, subpar. (B) “Limitations” read as…
  • (e)(2) Pub. L. 99–514, § 1301(f)(2)(H), substituted “subsections (c)(1), (d), (e), (f), and (i) of section 143” for…
  • (e)(6) Pub. L. 99–514, § 1301(f)(2)(I), substituted “section 144(a)(3)(A)” for “section 103(b)(6)(C)(i)”.
  • (e)(8)(A) Pub. L. 99–514, § 1301(f)(2)(J), substituted “section 143(k)(5)(B)” for “section 103A(l)(7)(B)”.
  • (e)(8)(B) Pub. L. 99–514, § 1301(f)(2)(K), substituted “section 143(k)(4)” for “section 103A(l)(6)”.
  • (e)(9) Pub. L. 99–514, § 1301(f)(2)(L), substituted “section 143(a)(1)” for “section 103A(c)(1)”.
  • (e)(10) Pub. L. 99–514, § 1301(f)(2)(M), substituted “section 143” for “section 103A”.
  • (f)(1) Pub. L. 99–514, § 1301(f)(2)(N), substituted “subsection (d) of section 146” for “paragraph (4) of section 103A(g)”.
  • (f)(2)(A) Pub. L. 99–514, § 1301(f)(1)(B), substituted “0.25” for “0.20”.
  • (f)(3) Pub. L. 99–514, § 1301(f)(2)(O), substituted “section 146(d)(3)(C)” for “section 103A(g)(5)(C)”.
  • (f)(4) Pub. L. 99–514, § 1899A(1), substituted “ensure” for “insure”.

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

  • (a) Pub. L. 99–514, § 701(c)(1)(A), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “The…
  • (b) Pub. L. 99–514, § 701(c)(1)(B)(i), (v), substituted “Regular tax liability” for “Tax liability” in heading and “this…
  • (b)(1) Pub. L. 99–514, § 701(c)(1)(B)(ii), substituted “regular tax liability” for “tax liability”.
  • (b)(2) Pub. L. 99–514, § 701(c)(1)(B)(iii), substituted “section 55 (relating to minimum tax)” for “section 56 (relating to…
  • (b)(2) Pub. L. 99–514, § 632(c)(1), substituted “certain built-in gains” for “certain capital gains” in subpar. (G).
  • (b)(2) Pub. L. 99–514, § 261(c), added subpar. (I).
  • (b)(2) Pub. L. 99–514, § 701(c)(1)(B)(iv), added subpar. (J).
  • (c) Pub. L. 99–514, § 701(c)(1)(C), amended subsec. (c) generally, substituting provisions relating to tentative minimum…

§ 32 Earned income

  • (a) Pub. L. 99–514, § 111(a), substituted “14 percent” for “11 percent” and “$5,714” for “$5,000”.
  • (b) Pub. L. 99–514, § 111(b), amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “The amount…
  • (c)(1)(A)(i) Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.
  • (c)(1)(A)(i) Pub. L. 99–514, § 104(b)(1)(B), substituted “section 151(c)(3)” for “section 151(e)(3)”.
  • (c)(1)(C) Pub. L. 99–514, § 1272(d)(4), struck out “or 931” after “911” in heading, and amended text generally. Prior to…
  • (d) Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.
  • (f)(2)(A) (f)(2)(B) Pub. L. 99–514, § 111(d)(1), added subpars. (A) and (B) and struck out former subpars. (A) and (B) which read as…
  • (i) Pub. L. 99–514, § 111(c), added subsec. (i).

§ 34 Certain uses of gasoline and special fuels

  • (a)(3) Pub. L. 99–514, § 1877(a), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “under section…
  • (a)(3) Pub. L. 99–514, § 1703(e)(2)(F), substituted “6427(k)” for “6427(j)”.

§ 38 General business credit

  • (b)(4) Pub. L. 99–514, § 231(d)(1), added par. (4).
  • (b)(4) Pub. L. 99–514, § 1171(b)(1), struck out former par. (4) which read as follows: “the employee stock ownership credit…
  • (b)(5) Pub. L. 99–514, § 252(b)(1), added par. (5).
  • (c) Pub. L. 99–514, § 701(c)(4), as amended by Pub. L. 100–647, § 1007(g)(8), added pars. (1) to (3), redesignated former…
  • (c)(1)(B) Pub. L. 99–514, § 221(a), substituted “75 percent” for “85 percent”.
  • (d) Pub. L. 99–514, § 252(b)(2), inserted “42(a),”.
  • (d) Pub. L. 99–514, § 1171(b)(2), substituted “and 196(a)” for “196(a), and 404(i)” and struck out “41(a),” after “40(a)”.
  • (d) Pub. L. 99–514, § 231(d)(3)(B), inserted “41(a),” after “40(a),”.

§ 39 Carryback and carryforward of unused credits

  • (d) Pub. L. 99–514, § 1846(1), inserted “(as in effect before the enactment of the Tax Reform Act of 1984)”.
  • (d) Pub. L. 99–514, § 1846(2), substituted “as defined in section 26(b)” for “as so defined in section 25(b)”.
  • (d) Pub. L. 99–514, § 231(d)(3)(C)(i), added par. (3).

§ 41 Credit for increasing research activities

  • § 41 Pub. L. 99–514, § 231(d)(2), renumbered section 30 of this title as this section.
  • (a) Pub. L. 99–514, § 231(c)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “There…
  • (b)(2)(A)(iii) Pub. L. 99–514, § 231(e), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “any amount paid…
  • (b)(2)(D)(iii) Pub. L. 99–514, § 1847(b)(1), substituted “targeted jobs credit” for “new jobs or WIN credit” in heading.
  • (d) Pub. L. 99–514, § 231(b), inserted “defined” in heading and amended text generally. Prior to amendment, text read as…
  • (e) Pub. L. 99–514, § 231(c)(2), amended subsec. (e) generally, substituting “Credit allowable with respect to certain…
  • (g) Pub. L. 99–514, § 231(d)(3)(C)(ii), amended subsec. (g) generally, substituting provisions relating to special rule for…
  • (h) Pub. L. 99–514, § 231(a)(1), added subsec. (h).

§ 42 Low-income housing credit

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

  • (b)(1) Pub. L. 99–514, § 231(d)(3)(A)(i), (iv), substituted “41” for “30” in subpars. (A), (B), and (D), and substituted…
  • (b)(2)(A)(ii)(I) Pub. L. 99–514, § 1879(b)(1)(A), substituted “the date such drug” for “the date of such drug”.
  • (b)(2)(A)(ii)(II) Pub. L. 99–514, § 1879(b)(1)(B), inserted “or, if the drug is a biological product, before the date on which a license…
  • (c) Pub. L. 99–514, § 231(d)(3)(A)(i), (ii), substituted “41” for “30” in pars. (1) and (2) and “41(b)” for “30(b)” in par.…
  • (d)(1) Pub. L. 99–514, § 1879(b)(2), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “For purposes…
  • (d)(2) Pub. L. 99–514, § 701(c)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The credit…
  • (d)(3) Pub. L. 99–514, § 1275(c)(4), struck out “934(b) or” before “936” in heading and amended text generally. Prior to…
  • (d)(4) Pub. L. 99–514, § 231(d)(3)(A)(iii), substituted “section 41(f)” for “section 30(f)”.
  • § 45C Pub. L. 99–514, § 232, substituted “1990” for “1987”.

§ 45K Credit for producing fuel from a nonconventional source

  • (b)(5) Pub. L. 99–514, § 701(c)(3), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “The credit…
  • (d)(8) Pub. L. 99–514, § 1879(c)(1), inserted provision directing that a corporation which is a member of an affiliated group…

§ 46 Amount of credit

  • § 46 Pub. L. 99–514, § 1847(b)(11), substituted “48(l)(3)(A)(viii)” for “48(l)(3)(A)(vii)” in table item (ii).
  • § 46 Pub. L. 99–514, § 421(a), inserted table items (viii) to (xi).
  • § 46 Pub. L. 99–514, § 421(b), added subpar. (E).
  • § 46 Pub. L. 99–514, § 251(a), in amending par. (4) generally, substituted in subpar. (A) definition of “rehabilitation…
  • § 46 Pub. L. 99–514, § 1844(a), substituted “this subparagraph” for “clause (i)”.
  • § 46 Pub. L. 99–514, § 201(d)(7)(B), substituted “section 465(b)(3)(C)” for “section 168(e)(4)”.
  • § 46 Pub. L. 99–514, § 1844(b)(3), substituted “an increase in the credit base for” for “additional qualified investment in”.
  • § 46 Pub. L. 99–514, § 1844(b)(5), substituted “any increase in a taxpayer’s credit base for any property by reason of this…
  • § 46 Pub. L. 99–514, § 1802(a)(6), (8), added subpars. (D) and (E).
  • § 46 Pub. L. 99–514, § 1848(a), struck out par. (9) which related to a special rule for additional credit.

§ 47 Rehabilitation credit

  • (a) Pub. L. 99–514, § 1802(a)(5)(A), added par. (9).
  • (d)(1) Pub. L. 99–514, § 1844(b)(1), substituted “reducing the credit base (as defined in section 48(c)(8)(C))” for “reducing…
  • (d)(3)(E) Pub. L. 99–514, § 1844(b)(4), inserted “reduced by the sum of the credit recapture amounts with respect to such…
  • (d)(3)(F) Pub. L. 99–514, § 1844(b)(2), struck out subpar. (F) which read as follows: “The amount of any increase in tax under…
  • (d)(3) Pub. L. 99–514, § 1511(c)(2), substituted “determined at the underpayment rate established under section 6621” for…

§ 48 Energy credit

  • (a)(2)(B) Pub. L. 99–514, §§ 1272(d)(5), 1275(c)(5), struck out “932,” after “931,” and “or which is entitled to the benefits of…
  • (a)(4) Pub. L. 99–514, § 1802(a)(9)(A), substituted “514(b)” for “514(c)” and “514(a)” for “514(b)”.
  • (a)(5)(B) Pub. L. 99–514, § 1802(a)(5)(B), struck out cl. (iii) which provided that (I) in the case of any aircraft used under a…
  • (a)(5)(D) (a)(5)(E) Pub. L. 99–514, § 1802(a)(4)(C), added subpar. (D) and redesignated former subpar. (D) as (E).
  • (b) Pub. L. 99–514, § 1809(e)(1), inserted “Such term includes any section 38 property the reconstruction of which is…
  • (b) Pub. L. 99–514, § 1809(e)(2), in introductory provisions substituted “the first sentence of paragraph (1)” for…
  • (d) Pub. L. 99–514, § 701(e)(4)(C), inserted “(as in effect on the day before the date of the enactment of the Tax Reform…
  • (d) Pub. L. 99–514, § 1511(c)(3), substituted “the underpayment rate” for “the rate” in closing provisions.
  • § 48 Pub. L. 99–514, § 251(b), amended par. (1) generally, restating in subpars. (A) to (D) provisions relating to qualified…
  • § 48 Pub. L. 99–514, § 251(b), amended par. (2) generally, in subpar. (A) striking out reference to amounts “incurred after…
  • § 48 Pub. L. 99–514, § 1802(a)(9)(B), substituted “section 168(j)” for “section 168(j)(3)”.
  • § 48 Pub. L. 99–514, § 251(b), in amending par. (3) generally, inserted introductory phrase “For purposes of this…
  • § 48 Pub. L. 99–514, § 251(b), in amending subsec. (g) generally, reenacted par. (4) without change.
  • § 48 Pub. L. 99–514, § 1847(b)(6), substituted “section 23(c)” for “section 44C(c)” and “section 23(c)(4)(A)(viii)” for…
  • § 48 Pub. L. 99–514, § 251(c), struck out “other than a certified historic structure” after “qualified rehabilitated…
  • § 48 Pub. L. 99–514, § 1809(d)(2), renumbered par. (6), relating to special rule for qualified films, as (7).
  • § 48 Pub. L. 99–514, § 1879(j)(1), added subsec. (r). Former subsec. (r) redesignated (s).
  • § 48 Pub. L. 99–514, § 1879(j)(1), redesignated former subsec. (r) as (s).
  • § 48 Pub. L. 99–514, § 803(b)(2)(B), which directed the general amendment of par. (5) of subsec. (r), was executed by…

§ 49 At-risk rules

§ 51 Amount of credit

  • (a) Pub. L. 99–514, § 1701(b)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “For…
  • (b)(3) (b) Pub. L. 99–514, § 1701(b)(2)(A), redesignated par. (4) as (3) and struck out “, and the amount of the qualified…
  • (c)(3) Pub. L. 99–514, § 1701(a), substituted “December 31, 1988” for “December 31, 1985”.
  • (d)(12) Pub. L. 99–514, § 1701(b)(2)(B), in cl. (i), substituted “40 percent” for “50 percent”, struck out cl. (ii) which…
  • (i)(3) Pub. L. 99–514, § 1701(c), added par. (3).
  • (k) Pub. L. 99–514, § 1878(f)(1), redesignated subsec. (j) added by section 1041(c)(1) of Pub. L. 98–369 and relating to…

§ 53 Credit for prior year minimum tax liability

§ 55 Alternative minimum tax imposed

  • Enacted § 55
  • (c)(1) Pub. L. 99–514, § 252(c), inserted “or section 42(j)”.

§ 56 Adjustments in computing alternative minimum taxable income

§ 57 Items of tax preference

§ 58 Denial of certain losses

§ 59 Other definitions and special rules

§ 62 Adjusted gross income defined

  • (a) Pub. L. 99–514, § 132(b)(2)(A), designated existing provisions as subsec. (a) and added heading.
  • (a)(2) Pub. L. 99–514, § 132(b)(1), amended par. (2) generally, substituting “Certain trade” for “Trade” in heading and…
  • (a)(3) (a)(4) (a)(5) Pub. L. 99–514, § 301(b)(1), redesignated pars. (4) to (6) as (3) to (5), respectively, and struck out former par. (3)…
  • (a)(6) Pub. L. 99–514, § 301(b)(1), redesignated par. (7) as (6). Former par. (6) redesignated (5).
  • (a)(6) Pub. L. 99–514, § 1875(c)(3), struck out “to the extent attributable to contributions made on behalf of such…
  • (a)(7) Pub. L. 99–514, § 301(b)(1), redesignated par. (10) as (7). Former par. (7) redesignated (6).
  • (a)(8) Pub. L. 99–514, § 301(b)(1), redesignated par. (11) as (8). Former par. (8) struck out.
  • (a)(8) Pub. L. 99–514, § 132(c), struck out par. (8) which related to moving expense deduction and read as follows: “The…
  • (a)(9) (a)(10) (a)(11) (a)(12) (a)(13) (a)(14) (a)(15) Pub. L. 99–514, § 301(b)(1), redesignated pars. (12) to (15) as (9) to (12), respectively. Former pars. (10) and (11)…
  • (a)(16) Pub. L. 99–514, § 131(b)(1), struck out par. (16) which related to deduction for two-earner married couples and read as…
  • (b) Pub. L. 99–514, § 132(b)(2)(B), added subsec. (b).

§ 63 Taxable income defined

  • (a) Pub. L. 99–514, § 102(a), substituted “In general” for “Corporations” in heading and amended text generally. Prior to…
  • (b) Pub. L. 99–514, § 102(a), substituted “Individuals who do not itemize their deductions” for “Individuals” in heading…
  • (c) Pub. L. 99–514, § 102(a), substituted “Standard deduction” for “Excess itemized deductions” in heading and amended text…
  • (c)(6)(C) (c)(6)(D) (c)(6) Pub. L. 99–514, § 1272(d)(6), redesignated subpars. (D) and (E) as (C) and (D), respectively, and struck out former…
  • (d) Pub. L. 99–514, § 102(a), substituted “Itemized deductions” for “Zero bracket amount” in heading and amended text…
  • (e) Pub. L. 99–514, § 102(a), substituted “Election to itemize” for “Unused zero bracket amount” in heading.
  • (e)(1) Pub. L. 99–514, § 102(a), substituted “In general” for “Individuals for whom computation must be made” in heading and…
  • (e)(2) Pub. L. 99–514, § 102(a), substituted “Time and manner of election” for “Computation” in heading and amended text…
  • (e)(3) Pub. L. 99–514, § 102(a), in amending subsec. (e) generally, added par. (3).
  • (f) Pub. L. 99–514, § 102(a), substituted “Aged or blind additional amounts” for “Itemized deductions” in heading and…
  • (g) Pub. L. 99–514, § 102(a), amended subsec. (g) generally, substituting provision that marital status be determined under…
  • § 63 Pub. L. 99–514, § 102(a), substituted “Transitional rule for taxable years beginning in 1987” for “Marital status” in…
  • § 63 Pub. L. 99–514, § 102(a), in amending section generally, struck out subsec. (i), “Direct charitable deduction”, which…

§ 67 2-percent floor on miscellaneous itemized deductions

§ 72 Annuities; certain proceeds of endowment and life insurance contracts

  • (b) Pub. L. 99–514, § 1122(c)(2), amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Gross…
  • (d) Pub. L. 99–514, § 1122(c)(1), struck out subsec. (d) which related to employee’s annuities where the employee’s…
  • (e)(4)(C) Pub. L. 99–514, § 1826(b)(3), added subpar. (C).
  • (e)(5)(D) Pub. L. 99–514, § 1122(c)(3)(B), substituted “paragraphs (7) and (8)” for “paragraph (7)” in introductory provisions.
  • (e)(5)(D) Pub. L. 99–514, § 1854(b)(1), inserted closing provisions which read as follows: “Any dividend described in section…
  • (e)(7) Pub. L. 99–514, § 1852(c)(1), in introductory provisions substituted “any plan or contract” for “any trust or…
  • (e)(8) (e)(9) Pub. L. 99–514, § 1122(c)(3)(A), added pars. (8) and (9).
  • (f) Pub. L. 99–514, § 1852(c)(3), in introductory provisions, substituted “subsections (d)(1) and (e)(7)” for “subsection…
  • (m)(2)(B) Pub. L. 99–514, § 1852(c)(4)(A), inserted “and subsection (e)(7) (relating to plans where substantially all…
  • (m)(2) Pub. L. 99–514, § 1852(c)(4)(B), substituted “subsection (e)(6)” for “subsection (e)(1)(B)”.
  • (m)(5) Pub. L. 99–514, § 1852(a)(2)(C), which directed that par. (5) be amended by substituting “5-percent owners” for…
  • (m)(5)(A) Pub. L. 99–514, § 1123(d)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “This…
  • (m)(5)(A) Pub. L. 99–514, § 1852(a)(2)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “This…
  • (m)(5)(C) Pub. L. 99–514, § 1852(a)(2)(B), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “For…
  • (m)(10) Pub. L. 99–514, § 1898(c)(1)(B), inserted “who is the spouse or former spouse of the participant”.
  • (o)(5) Pub. L. 99–514, § 1101(b)(2)(C), inserted “and made for a taxable year beginning before January 1, 1987,” in subpar.…
  • (p)(2)(A)(i) Pub. L. 99–514, § 1134(a), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “$50,000, or”.
  • (p)(2)(B)(ii) Pub. L. 99–514, § 1134(d), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “Clause (i) shall…
  • (p)(2)(C) (p)(2)(D) Pub. L. 99–514, § 1134(b), added subpar. (C) and redesignated former subpar. (C) as (D).
  • (p)(3) Pub. L. 99–514, § 1134(c), added par. (3) and redesignated former par. (3) as (4).
  • (p)(3) Pub. L. 99–514, § 1101(b)(2)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “For…
  • (p)(4) (p)(5) Pub. L. 99–514, § 1134(c), redesignated former pars. (3) and (4) as (4) and 5, respectively.
  • (q) Pub. L. 99–514, § 1123(b)(1)(B), substituted “10-percent” for “5-percent” in heading.
  • (q)(1) Pub. L. 99–514, § 1123(b)(1)(A), substituted “10 percent” for “5 percent”.
  • (q)(2) Pub. L. 99–514, § 1123(b)(3), substituted “Paragraph (1)” for “This subsection” in introductory provisions.
  • (q)(2)(B) Pub. L. 99–514, § 1826(c), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “made to a…
  • (q)(2)(D) Pub. L. 99–514, § 1123(b)(2), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: “which is…
  • (q)(2)(E) Pub. L. 99–514, § 1852(c)(2), inserted “(determined without regard to subsection (e)(7))”.
  • (q)(2)(G) Pub. L. 99–514, § 1826(d), added subpar. (G).
  • (q)(2)(I) (q)(2)(J) Pub. L. 99–514, § 1123(b)(4), which added subpars. (I) and (J) directed the amendment of subpar. (G) by striking out…
  • (q)(3) Pub. L. 99–514, § 1123(b)(3), added par. (3).
  • (s)(1) Pub. L. 99–514, § 1826(b)(2), substituted “any holder of such contract” for “the holder of such contract” in subpars.…
  • (s)(5) Pub. L. 99–514, § 1826(a), added par. (5).
  • (s)(6) (s)(7) Pub. L. 99–514, § 1826(b)(1), added pars. (6) and (7).
  • (t) Pub. L. 99–514, § 1123(a), added subsec. (t) and redesignated former subsec. (t) as (u).
  • (u) (v) Pub. L. 99–514, § 1135(a), added subsec. (u) and redesignated former subsec. (u) as (v).

§ 74 Prizes and awards

  • (a) Pub. L. 99–514, § 123(b)(1), which directed that subsec. (a) be amended by substituting “(relating to qualified…
  • (a) Pub. L. 99–514, § 122(a)(1)(A), substituted “Except as otherwise provided in this section or” for “Except as provided…
  • (b) Pub. L. 99–514, § 122(a)(1)(B), (C), inserted “for certain prizes and awards transferred to charities” in heading and…
  • (c) Pub. L. 99–514, § 122(a)(1)(D), added subsec. (c).

§ 79 Group-term life insurance purchased for employees

  • (d) Pub. L. 99–514, § 1151(c)(1), amended subsec. (d) generally, substituting “In the case of a group-term life insurance…
  • (d)(1)(B) Pub. L. 99–514, § 1827(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the cost…
  • (d)(6) Pub. L. 99–514, § 1827(c), struck out “, except that subparagraph (A)(iv) of such paragraph shall be applied by not…
  • (d)(8) Pub. L. 99–514, § 1827(d), added par. (8).

§ 83 Property transferred in connection with performance of services

  • (e)(5) Pub. L. 99–514 struck out “the cost of” before “group-life insurance”.

§ 85 Unemployment compensation

  • (a) Pub. L. 99–514 substituted “General rule” for “In general” in heading and amended text generally. Prior to amendment…
  • (b) (c) Pub. L. 99–514, in amending section generally, redesignated former subsec. (c) as (b) and struck out former subsec.…

§ 86 Social security and tier 1 railroad retirement benefits

  • (b)(2)(A) Pub. L. 99–514, § 131(b)(2), substituted “sections” for “sections 221,”.
  • (c) Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.
  • (f)(1) Pub. L. 99–514, § 1847(b)(2), substituted “section 22(c)(3)(A)” for “section 37(c)(3)(A)”.

§ 88 Certain amounts with respect to nuclear decommissioning costs

  • § 88 Pub. L. 99–514 substituted “for ratemaking purposes” for “of ratemaking purposes”.

§ 101 Certain death benefits

  • (d)(1) Pub. L. 99–514, § 1001(a), amended second sentence generally, which prior to amendment read as follows: “There shall be…
  • (d)(2)(B) Pub. L. 99–514, § 1001(c)(2), substituted “equal” for “is equal” in introductory provisions.
  • (d)(2)(B)(ii) Pub. L. 99–514, § 1001(b), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “as discounted on…
  • (d)(3) (d) Pub. L. 99–514, § 1001(c)(1), redesignated par. (4) as (3), and struck out former par. (3), “Surviving spouse”, which…

§ 102 Gifts and inheritances

  • (c) Pub. L. 99–514 added subsec. (c).

§ 103 Interest on State and local bonds

  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, substituted “Interest on State and local bonds” for “Interest…
  • (a) Pub. L. 99–514, § 1301(a), substituted “Exclusion” for “General rule” in heading and amended text generally. Prior to…
  • (b) Pub. L. 99–514, § 1301(a), in amending section generally, substituted provision relating to exceptions for provision…
  • (b) Pub. L. 99–514, § 1871(b), substituted “and (6)” for “(6), and (7)”.
  • (b) Pub. L. 99–514, § 1870, substituted “clause (ii)” for “clause (i)”.
  • (b) Pub. L. 99–514, § 1871(b), substituted “and (6)” for “(6), and (7)”.
  • (c) Pub. L. 99–514, § 1301(a), in amending section generally, substituted provision relating to definitions for provision…
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsecs. (d) to (g) which related to certain…
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsec. (h) which provided that obligations must…
  • § 103 Pub. L. 99–514, § 1899A(2), substituted “guaranteed” for “guaranted”.
  • § 103 Pub. L. 99–514, § 1865(a), struck out “the United States,” after “program of”.
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsecs. (i) to (k) which related to obligations…
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsec. (l) which related to information reporting…
  • § 103 Pub. L. 99–514, § 1864(d), added subpar. (F) which read: “if such obligation is a private activity bond (as defined in…
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsec. (m) which related to obligations exempt…
  • § 103 Pub. L. 99–514, § 1871(a)(1), substituted “(j), (k), (l), (n), and (o)” for “(k), (l), and (n)”.
  • § 103 Pub. L. 99–514, § 1899A(3), substituted “608(a)(6)(A)” for “608(6)(A)”.
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsec. (n) which related to limitation on…
  • § 103 Pub. L. 99–514, § 1864(b), substituted “governmental units or other authorities” for “governmental units”.
  • § 103 Pub. L. 99–514, § 1864(c), substituted “all of the property to be financed by the obligation” for “the property…
  • § 103 Pub. L. 99–514, § 1864(e), substituted “identify project” for “specify project” in heading and “identify (with…
  • § 103 Pub. L. 99–514, § 1864(e)(2), substituted “any identification or specification” for “any specification”.
  • § 103 Pub. L. 99–514, § 1864(a)(1), added par. (13).
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsec. (o) relating to consumer loan bonds.
  • § 103 Pub. L. 99–514, § 1869(a), (b)(1), substituted “Private loan bonds” for “Consumer loan bonds” in subsection and par.…
  • § 103 Pub. L. 99–514, § 1869(b)(2), redesignated subsec. (o), relating to cross references, as (p).
  • § 103 Pub. L. 99–514, § 1301(a), in amending section generally, struck out subsec. (p) which related to cross references.
  • § 103 Pub. L. 99–514, § 1869(b)(2), redesignated former subsec. (o), relating to cross references, as (p).
  • § 103 Pub. L. 99–514, § 1899A(4), substituted “October 27, 1949 (48 U.S.C. 1403)” for “October 27, 1919 (48 U.S.C. 1403)”.

§ 105 Amounts received under accident and health plans

  • (d) Pub. L. 99–514, § 1301(j)(9), which directed that subpar. (C) be amended by substituting “section 7703(a)” for “section…
  • (h) (i) Pub. L. 99–514, § 1151(c)(2), redesignated subsec. (i) as (h) and struck out former subsec. (h) which related to amount…

§ 106 Contributions by employer to accident and health plans

  • (a) Pub. L. 99–514, § 1151(j)(2), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “Gross…
  • (b)(1) Pub. L. 99–514, § 1114(b)(1), substituted “highly compensated employee (within the meaning of section 414(q))” for…

§ 108 Income from discharge of indebtedness

  • (a)(1)(C) Pub. L. 99–514, § 822(a), struck out subpar. (C) relating to exclusion from gross income if the indebtedness discharged…
  • (a)(2) Pub. L. 99–514, § 822(b)(1), substituted “Subparagraph (B) of paragraph (1)” for “Subparagraphs (B) and (C) of…
  • (b)(2)(B) Pub. L. 99–514, § 231(d)(3)(D), substituted “General business credit” for “Research credit and general business credit”…
  • (b)(2)(B) Pub. L. 99–514, § 1171(b)(4), struck out last sentence which had been eliminated by the general amendment of subpar.…
  • (b)(2)(E) Pub. L. 99–514, § 1847(b)(7), substituted “section 27” for “section 33”.
  • (b)(3) Pub. L. 99–514, § 104(b)(2), substituted “33⅓ cents” for “50 cents”.
  • (c) Pub. L. 99–514, § 822(b)(2), struck out subsec. (c) relating to tax treatment of discharge of qualified business…
  • (d) Pub. L. 99–514, § 822(b)(3)(B), struck out reference to subsec. (c) in heading.
  • (d)(4) Pub. L. 99–514, § 822(b)(3)(A), struck out par. (4) relating to treatment of indebtedness as qualified business…
  • (d)(6) (d)(7)(A) Pub. L. 99–514, § 822(b)(3)(B), struck out reference to subsec. (c) in heading and text.
  • (d)(7)(B) Pub. L. 99–514, § 822(b)(3)(C), struck out “The preceding sentence shall not apply to any discharge to the extent that…
  • (d)(9)(A) Pub. L. 99–514, § 822(b)(3)(D), struck out “under paragraph (4) of this subsection or” after “An election”.
  • (e)(7)(A)(ii)(I) Pub. L. 99–514, § 805(c)(2), substituted “subsection (a) or (b) of section 166” for “subsection (a), (b), or (c) of…
  • (e)(7)(B) (e)(7)(C) (e)(7)(D) Pub. L. 99–514, § 805(c)(3), redesignated subpars. (C) to (E) as (B) to (D), respectively, and struck out former…
  • (e)(7)(E) (e)(7) Pub. L. 99–514, § 805(c)(3), (4), redesignated subpar. (F) as (E) and substituted “the foregoing subparagraphs” for…
  • (e)(10) Pub. L. 99–514, § 621(e), repealed the amendment by Pub. L. 98–369, § 59(b)(1), which had added subpar. (C) creating an…
  • (g) Pub. L. 99–514, § 405(a), added subsec. (g).

§ 111 Recovery of tax benefit items

  • (a) Pub. L. 99–514, § 1812(a)(1), substituted “did not reduce the amount of tax imposed by this chapter” for “did not…
  • (c) Pub. L. 99–514, § 1812(a)(2), substituted “reducing tax imposed by this chapter” for “reducing income subject to tax or…

§ 117 Qualified scholarships

  • § 117 Pub. L. 99–514, § 123(a), in amending section generally, substituted “Qualified scholarships” for “Scholarships and…
  • (a) Pub. L. 99–514, § 123(a), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “In the case…
  • (b) Pub. L. 99–514, § 123(a), in amending subsec. (b) generally, substituted qualified scholarship provision for former…
  • (c) Pub. L. 99–514, § 123(a), in amending subsec. (c) generally, substituted limitation provision for former provision…
  • (d) Pub. L. 99–514, § 123(a), in amending subsec. (d) generally, substituted “reduction” for “reductions” in heading and…
  • (d)(3) Pub. L. 99–514, § 1114(b)(2), struck out “officer, owner, or” after “with respect to any” and “officers, owners, or”…
  • (d)(4) Pub. L. 99–514, § 1151(g)(2), added par. (4).

§ 118 Contributions to the capital of a corporation

  • (b) Pub. L. 99–514, § 824(a), added subsec. (b) and struck out former subsec. (b) relating to contributions in aid of…
  • (c) (d) Pub. L. 99–514, § 824(a), redesignated former subsec. (d) as (c) and struck out former subsec. (c), statute of…

§ 119 Meals or lodging furnished for the convenience of the employer

  • (d) Pub. L. 99–514 added subsec. (d).

§ 125 Cafeteria plans

  • § 125 Pub. L. 99–514, § 1151(d)(1), amended section generally, revising and restating as subsecs. (a) to (g) provisions of…
  • (c) (d)(1)(B) Pub. L. 99–514, § 1853(b)(1)(A), substituted “qualified benefits” for “statutory nontaxable benefits” wherever…
  • (f) Pub. L. 99–514, § 1853(b)(1)(B), substituted “Qualified benefits defined” for “Statutory nontaxable benefits defined”…

§ 127 Educational assistance programs

  • (a)(2) Pub. L. 99–514, § 1162(a)(2), substituted “$5,250” for “$5,000” in heading and twice in text.
  • (b)(1) Pub. L. 99–514, § 1151(c)(4)(A), added par. (1) and struck out former par (1) which read as follows: “For purposes of…
  • (b)(2) Pub. L. 99–514, § 1151(g)(3), substituted “For purposes of this paragraph, there may be excluded from consideration…
  • (b)(2) Pub. L. 99–514, § 1114(b)(4), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (b)(6) Pub. L. 99–514, § 1151(c)(4)(B), struck out par. (6) which read as follows: “Notification of employees.—Reasonable…
  • (d) Pub. L. 99–514, § 1162(a)(1), substituted “December 31, 1987” for “December 31, 1985”.

§ 129 Dependent care assistance programs

  • (a) Pub. L. 99–514, § 1163(a), substituted “Exclusion” for “In general” in heading and amended text generally. Prior to…
  • (c)(1) Pub. L. 99–514, § 104(b)(1)(A), substituted “section 151(c)” for “section 151(e)”.
  • (c)(2) Pub. L. 99–514, § 104(b)(1)(B), substituted “section 151(c)(3)” for “section 151(e)(3)”.
  • (d)(1) Pub. L. 99–514, § 1151(c)(5)(A), added par. (1) and struck out former par. (1) which read as follows: “For purposes of…
  • (d)(2) Pub. L. 99–514, § 1114(b)(4), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (d)(3) Pub. L. 99–514, § 1151(g)(4), substituted “For purposes of this paragraph, there may be excluded from consideration…
  • (d)(6) (d)(7) Pub. L. 99–514, § 1151(c)(5)(B), redesignated par. (7) as (6) and struck out former par. (6) which read as follows…
  • (d)(8) Pub. L. 99–514, § 1151(f), added par. (8).
  • (e)(8) Pub. L. 99–514, § 1163(b), added par. (8).

§ 130 Certain personal injury liability assignments

  • (c) Pub. L. 99–514 inserted “(in a case involving physical injury or physical sickness)”.

§ 131 Certain foster care payments

  • (a) Pub. L. 99–514 amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “Gross income shall not…
  • (b) Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, par. (1) “In general” read as follows: “The term…
  • (c) Pub. L. 99–514, in amending subsec. (c) generally, in par. (1)(A), substituted references to “qualified foster…

§ 132 Certain fringe benefits

  • (c)(3)(A) Pub. L. 99–514, § 1853(a)(2), substituted “are provided by the employer to an employee for use by such employee” for…
  • (e)(2) Pub. L. 99–514, § 1114(b)(5)(A), struck out “officer, owner, or” before “highly compensated employee” and “officers…
  • (f)(2)(B) Pub. L. 99–514, § 1853(a)(1), substituted “are deceased and who has not attained age 25” for “are deceased”.
  • (g) Pub. L. 99–514, § 1151(e)(2)(A), in amending subsec. (g) generally, designated par. (2) as the entire subsection…
  • (h)(1) Pub. L. 99–514, § 1151(g)(5), inserted “For purposes of this paragraph and subsection (e), there may be excluded from…
  • (h)(1) Pub. L. 99–514, § 1114(b)(5)(A), struck out “officer, owner, or” before “highly compensated employee” and “officers…
  • (h)(3) Pub. L. 99–514, § 1899A(5), substituted “such use is” for “such use in”.
  • (h) Pub. L. 99–514, § 1114(b)(5)(B), added par. (7).
  • (i) Pub. L. 99–514, § 1853(a)(3), substituted “subsection (c)(2)” for “subsection (c)(2)(B)”.

§ 134 Certain military benefits

§ 140 Cross references to other Acts

  • § 140 Pub. L. 99–514 renumbered section 134 of this title as this section.

§ 141 Private activity bond; qualified bond

§ 142 Exempt facility bond

§ 143 Mortgage revenue bonds: qualified mortgage bond and qualified veterans’ mortgage bond

§ 144 Qualified small issue bond; qualified student loan bond; qualified redevelopment bond

§ 145 Qualified 501(c)(3) bond

§ 146 Volume cap

§ 147 Other requirements applicable to certain private activity bonds

§ 148 Arbitrage

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

§ 150 Definitions and special rules

§ 151 Allowance of deductions for personal exemptions

  • (c) Pub. L. 99–514, § 103(b), redesignated subsec. (e) as (c) and struck out former subsec. (c) which provided for an…
  • (d) Pub. L. 99–514, § 103(b), redesignated subsec. (f) as (d) and struck out former subsec. (d) which provided for an…
  • (e) Pub. L. 99–514, § 103(b), redesignated subsec. (e) as (c).
  • (e) Pub. L. 99–514, § 1847(b)(3), substituted “section 22(e)” for “section 37(e)” in par. (5)(C).
  • § 151 Pub. L. 99–514, § 103(b), redesignated subsec. (f) as (d).
  • § 151 Pub. L. 99–514, § 103(a), amended subsec. (f) generally. Prior to amendment, subsec. (f) read as follows: “For purposes…

§ 152 Dependent defined

  • (a) Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.
  • (d)(2) Pub. L. 99–514, § 104(b)(3), substituted “section 151(c)(4)” for “section 151(e)(4)”.
  • (e)(1)(A) Pub. L. 99–514, § 104(b)(1)(B), substituted “section 151(c)(3)” for “section 151(e)(3)”.

§ 153 Cross references

  • § 153 Pub. L. 99–514, § 1272(d)(7), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “For…
  • § 153 Pub. L. 99–514, § 1272(d)(7), redesignated par. (5) as (4).
  • § 153 Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.

§ 162 Trade or business expenses

  • (k)(2)(A) Pub. L. 99–514, § 1895(d)(1)(A), inserted “If coverage under the plan is modified for any group of similarly situated…
  • (k)(2)(B) Pub. L. 99–514, § 1895(d)(2)(A), substituted “Maximum required period” for “Maximum period” in heading and amended text…
  • (k)(2)(B) Pub. L. 99–514, § 1895(d)(3)(A), inserted “The payment of any premium (other than any payment referred to in the last…
  • (k)(2)(B) Pub. L. 99–514, § 1895(d)(4)(A)(iii), substituted “Group health plan coverage” for “Reemployment” in heading.
  • (k)(2)(B) Pub. L. 99–514, § 1895(d)(4)(A)(ii), substituted “covered under any other group health plan (as an employee or…
  • (k)(2)(B) Pub. L. 99–514, § 1895(d)(4)(A)(i), struck out cl. (v), remarriage of spouse, which read as follows: “In the case of an…
  • (k) Pub. L. 99–514, § 1895(d)(5)(A), as amended by Pub. L. 99–509, § 9307(c)(2)(B), and Pub. L. 100–647, § 1018(t)(7)(B)…
  • (k) Pub. L. 99–514, § 1895(d)(6)(A), inserted “within 60 days after the date of the qualifying event”.
  • (k) Pub. L. 99–514, § 1895(d)(7), added cl. (iii).
  • (l) Pub. L. 99–514, § 613(a), added subsec. (l). Former subsec. (l) redesignated (m).
  • (m) Pub. L. 99–514, § 1161(a), added subsec. (m) relating to special rules for health insurance costs of self-employed…
  • (m) Pub. L. 99–514, § 613(a), redesignated subsec. (l), relating to cross references, as (m).

§ 163 Interest

  • (d) Pub. L. 99–514, § 511(a), substituted “Limitation on investment interest” for “Limitation on interest on investment…
  • (e)(2)(C) Pub. L. 99–514, § 1803(a)(4), added subpar. (C).
  • (e)(3)(A) Pub. L. 99–514, § 1810(e)(1)(A), inserted “The preceding sentence shall not apply to the extent that the original issue…
  • (e)(5) Pub. L. 99–514, § 1810(e)(1)(B), redesignated par. (4), relating to cross references, as (5).
  • (f)(3) Pub. L. 99–514, § 1301(j)(3), substituted “section 149(a)(3)” for “section 103(j)(3)”.
  • (h) Pub. L. 99–514, § 511(b), added subsec. (h). Former subsec. (h) redesignated (i).
  • (i)(2) Pub. L. 99–514, § 902(e)(1), as amended by Pub. L. 100–647, § 1009(b)(6), substituted “section 265(a)(2)” for “section…
  • (i)(2) Pub. L. 99–514, § 511(b), redesignated former subsec. (h) as (i).

§ 164 Taxes

  • (a) Pub. L. 99–514, § 134(a)(2), inserted “Notwithstanding the preceding sentence, any tax (not described in the first…
  • (a)(4) Pub. L. 99–514, § 134(a)(1), struck out par. (4) relating to “State and local general sales taxes” and redesignated as…
  • (a) Pub. L. 99–514, § 1432(a)(1), added par. (5) relating to GST tax imposed on income distributions.
  • (b)(2) Pub. L. 99–514, § 134(b)(1), (2), redesignated par. (3) as (2) and struck out former par. (2), general sales taxes…
  • (b)(3) Pub. L. 99–514, § 134(b)(2), redesignated par. (4) as (3). Former par. (3) redesignated (2).
  • (b)(4) Pub. L. 99–514, § 1432(a)(2), added par. (4).
  • (b)(4) Pub. L. 99–514, § 134(b)(2), redesignated par. (4) as (3).
  • (b)(5) Pub. L. 99–514, § 134(b)(1), struck out par. (5), separately stated general sales taxes, which read as follows: “If the…

§ 165 Losses

  • (h)(4)(E) Pub. L. 99–514, § 1004(a), added subpar. (E).
  • (l) (m) Pub. L. 99–514, § 905(a), added subsec. (l) and redesignated former subsec. (l) as (m).

§ 166 Bad debts

  • (c) Pub. L. 99–514, § 805(a), struck out subsec. (c), reserve for bad debts, which read as follows: “In lieu of any…
  • (f) Pub. L. 99–514, § 805(b), as amended by Pub. L. 100–647, § 1008(d)(2), redesignated subsec. (g) as (f) and struck out…
  • § 166 Pub. L. 99–514, § 805(b), as amended by Pub. L. 100–647, § 1008(d)(2), redesignated subsec. (g) as (f).
  • § 166 Pub. L. 99–514, § 901(d)(4)(A), struck out pars. (3) and (4) which read as follows:

§ 167 Depreciation

  • (c) Pub. L. 99–514, § 1809(d)(1), inserted “Paragraphs (2), (3), and (4) of subsection (b) shall not apply to any motion…
  • § 167 Pub. L. 99–514, § 201(d)(1), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “This subsection…
  • § 167 Pub. L. 99–514, § 1511(c)(4), substituted “at the underpayment rate established under section 6621” for “at the rate…

§ 168 Accelerated cost recovery system

  • § 168 Pub. L. 99–514, § 201(a), amended section generally, applicable, with exceptions enumerated in sections 203, 204, and…
  • (b)(2)(A) Pub. L. 99–514, § 1809(a)(2)(A)(i)(I), struck out closing provisions relating to determination, in the case of 19-year…
  • (b)(2)(B) Pub. L. 99–514, § 1809(a)(2)(A)(i)(II), substituted “Mid-month convention for 19-year real property” for “Special rule…
  • (b)(3)(A) Pub. L. 99–514, § 1809(a)(1)(A), which directed that the table be amended by striking “and low-income housing” in last…
  • (b)(3)(A) Pub. L. 99–514, § 1809(a)(1)(B), inserted at the end item for low-income housing with recovery periods of 15, 35, or 45…
  • (b)(4) Pub. L. 99–514, § 1809(a)(2)(B), substituted “Monthly convention” for “Special rule for year of disposition” in heading…
  • (f)(2) Pub. L. 99–514, § 1809(a)(2)(A)(ii), redesignated existing provisions as entire subpar. (B), struck out “(i) In…
  • (f) Pub. L. 99–514, § 1809(b)(1), amended subpar. (A) generally, substituting “In the case of recovery property transferred…
  • (f) Pub. L. 99–514, § 1809(b)(2), inserted at end “Clause (i) shall not apply in the case of the termination of a…
  • (f) Pub. L. 99–514, § 1809(a)(4)(A), amended cl. (ii) generally, substituting “In the case of 19-year real property, the…
  • (f) Pub. L. 99–514, § 1809(a)(4)(B), substituted “Exception for low- and moderate-income housing” for “Exception for…
  • (f) Pub. L. 99–514, § 1802(b)(1), redesignated the par. (13) relating to motor vehicle operating leases as (14) and…
  • (j)(2) Pub. L. 99–514, § 1809(a)(2)(C)(i), substituted “Cross reference” for “19-year real property” in heading and amended…
  • (j)(3) Pub. L. 99–514, § 1802(a)(1), inserted at end “For purposes of subparagraph (B)(iii), any portion of a property so used…
  • (j)(4) Pub. L. 99–514, § 1802(a)(2)(A), (G), substituted “any property (other than property held by such organization)” for…
  • (j)(4) Pub. L. 99–514, § 1802(a)(2)(B), (C), struck out “of which such organization is the lessee” after “respect to any…
  • (j)(4) Pub. L. 99–514, § 1802(a)(2)(D), added cl. (iv), first used, which read as follows: “For purposes of this subparagraph…
  • (j)(5) Pub. L. 99–514, § 1802(a)(3), struck out cl. (iv), relating to exclusion of property not subject to rapid obsolescence.
  • (j)(8) (j)(9) Pub. L. 99–514, § 1802(a)(4)(A), (B)(i), struck out “and paragraphs (4) and (5) of section 48(a)” after “For purposes…
  • (j)(9) Pub. L. 99–514, § 1802(a)(4)(B)(ii), inserted a comma between “loss” and “deduction”.
  • (j)(9) Pub. L. 99–514, § 1802(a)(7)(A), added subpar. (D), determination of whether property used in unrelated trade or…
  • (j)(9) Pub. L. 99–514, § 1802(a)(7), redesignated subpar. (D) as (E) and substituted “(C), and (D)” for “and (C)”. Former…
  • (j)(9) Pub. L. 99–514, § 1802(a)(2)(E)(i), added subpar. (E), treatment of certain taxable entities, consisting of cl. (i), in…
  • (j)(9) Pub. L. 99–514, § 1802(a)(7)(A), redesignated subpar. (E) as (F). Former subpar. (F) redesignated (G).
  • (j)(9) Pub. L. 99–514, § 1802(a)(2)(E)(i), redesignated former subpar. (E) as (F).
  • (j)(9) Pub. L. 99–514, § 1802(a)(7)(A), redesignated subpar. (F) as (G).

§ 170 Charitable, etc., contributions and gifts

  • (b)(1)(C)(iv) Pub. L. 99–514, § 1831, substituted “this paragraph” for “this subparagraph”.
  • (e)(1)(B) Pub. L. 99–514, § 301(b)(2), in closing provisions, struck out “40 percent (28⁄46 in the case of a corporation) of”…
  • (e)(4)(B)(i) Pub. L. 99–514, § 231(f), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “the contribution is…
  • (k) (l) (m) Pub. L. 99–514, § 142(d), added subsec. (k) and redesignated former subsecs. (k) and (l) as (l) and (m), respectively.

§ 171 Amortizable bond premium

  • (b)(3) Pub. L. 99–514, § 1803(a)(11)(A), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The…
  • (b)(4) Pub. L. 99–514, § 1803(a)(12)(A), added par. (4).
  • (d) Pub. L. 99–514, § 1803(a)(11)(B), struck out “issued by any corporation and bearing interest (including any like…
  • (e) (f) Pub. L. 99–514, § 643(a), added subsec. (e) and redesignated former subsec. (e) as (f).

§ 172 Net operating loss deduction

  • (b)(1)(A) (b)(1)(B) Pub. L. 99–514, § 903(b)(2)(A), (B), inserted reference to subpars. (L) and (M).
  • (b)(1) Pub. L. 99–514, § 903(a)(1), inserted “and before January 1, 1987,”.
  • (b)(1) Pub. L. 99–514, § 901(d)(4)(B), substituted “referred to in section 582(c)(5)” for “to which section 585, 586, or 593…
  • (b)(1) Pub. L. 99–514, § 903(a)(2), inserted “and before January 1, 1987,”.
  • (b)(1) Pub. L. 99–514, § 903(a)(3)(A), struck out “after December 31, 1981,” and inserted “after December 31, 1981, and before…
  • (b)(1) Pub. L. 99–514, § 903(a)(3)(B), which directed that subpar. (H) be amended by striking out “after December 31, 1984,”…
  • (b)(1) Pub. L. 99–514, § 1303(b)(1), redesignated subpar. (K) as (J) and struck out former subpar. (J) which read as follows…
  • (b)(1) Pub. L. 99–514, § 903(b)(1), added subpars. (L) and (M).
  • (d)(2) Pub. L. 99–514, § 301(b)(3), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “In the case of…
  • (d)(6) Pub. L. 99–514, § 1899A(6), added heading.
  • (d)(7) Pub. L. 99–514, § 104(b)(4), struck out par. (7), zero bracket amount, which read as follows: “In the case of a…
  • § 172 Pub. L. 99–514, § 1303(b)(2), substituted “subsection (b)(1)(J)” for “subsection (b)(1)(K)”.
  • § 172 Pub. L. 99–514, § 903(b)(2)(C), added subsec. (l) and redesignated former subsec. (l) as (m).

§ 173 Circulation expenditures

  • (b) Pub. L. 99–514 substituted “section 59(d)” for “section 58(i)”.

§ 174 Amortization of research and experimental expenditures

  • § 174 Pub. L. 99–514 substituted “section 59(d)” for “section 58(i)”.

§ 175 Soil and water conservation expenditures; endangered species recovery expenditures

  • (c)(3) Pub. L. 99–514 added par. (3).

§ 178 Amortization of cost of acquiring a lease

  • § 178 Pub. L. 99–514, § 201(d)(2)(A), in amending section generally, substituted provision relating to amortization of cost…
  • (b) Pub. L. 99–514, § 1812(c)(4)(B), inserted before the period “and subsection (f)(1)(A) of such section shall not apply”.

§ 179 Election to expense certain depreciable business assets

  • (b) Pub. L. 99–514, § 202(a), in amending subsec. (b) generally, substituted “Limitations” for “Dollar limitation” in…
  • (d)(1) Pub. L. 99–514, § 202(b), inserted “in the active conduct of”.
  • (d)(8) Pub. L. 99–514, § 201(d)(3), substituted “Treatment of” for “Dollar limitation in case of” in heading and amended text…
  • (d)(10) Pub. L. 99–514, § 202(c), struck out “before the close of the second taxable year following the taxable year in which…

§ 183 Activities not engaged in for profit

  • (d) Pub. L. 99–514 substituted “3” for “2” before “or more” in first sentence and “ ‘2’ for ‘3’ and ‘7’ for ‘5’ ” for “the…

§ 190 Expenditures to remove architectural and transportation barriers to the handicapped and elderly

  • § 190 Pub. L. 99–514 substituted “1983” for “1983, and before January 1, 1986”.

§ 194 Treatment of reforestation expenditures

  • (b)(1) Pub. L. 99–514 substituted “section 7703” for “section 143”.

§ 213 Medical, dental, etc., expenses

  • (a) Pub. L. 99–514 substituted “7.5 percent” for “5 percent”.

§ 216 Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder

  • (b)(2) Pub. L. 99–514, § 644(a)(1), substituted “a person” and “such person” for “an individual” and “such individual”…
  • (b)(3) Pub. L. 99–514, § 644(d), added heading and amended text generally. Prior to amendment, text read as follows: “The term…
  • (b)(5) Pub. L. 99–514, § 644(a)(2), substituted “Prior approval of occupancy” for “Stock acquired through foreclosure by…
  • (b)(6) Pub. L. 99–514, § 644(a)(2), amended par. (6) generally, substituting provisions defining “original seller” for…
  • (c) Pub. L. 99–514, § 644(b), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: “So much of…
  • (d) Pub. L. 99–514, § 644(c), added subsec. (d).

§ 219 Retirement savings

  • (b)(2) Pub. L. 99–514, § 1108(g)(2), amended par. (2) generally, substituting provision that this section shall not apply with…
  • (b)(2) Pub. L. 99–514, § 1875(c)(6)(B), substituted “the dollar limitation in effect under section 415(c)(1)(A)” for “the…
  • (b)(3) Pub. L. 99–514, § 1109(b), added par. (3).
  • (b)(3) Pub. L. 99–514, § 1101(b)(2)(A), struck out par. (3), special rule for individual retirement plans, which read as…
  • (c)(1)(B) Pub. L. 99–514, § 1103(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “whose…
  • (c)(2)(B) Pub. L. 99–514, § 1108(g)(3), struck out “(determined without regard to so much of the employer contributions to a…
  • (e) Pub. L. 99–514, § 1101(b)(1), amended subsec. (e) generally, revising the definition of “qualified retirement…
  • (f)(1) Pub. L. 99–514, § 301(b)(4), which directed that par. (1) be amended by substituting “paragraph (6)” for “paragraph…
  • (f)(1) Pub. L. 99–514, § 1875(c)(4), struck out “reduced by any amount allowable as a deduction to the individual in computing…
  • (f)(3) Pub. L. 99–514, § 1101(a)(2), in amending par. (3) generally, reenacted existing provision without its subpar. “(A)…
  • (f)(7) Pub. L. 99–514, § 1102(f), added par. (7).
  • (g) Pub. L. 99–514, § 1101(a)(1), added subsec. (g). Former subsec. (g) redesignated (h).
  • § 219 Pub. L. 99–514, § 1501(d)(1)(B), which directed that subsec. (g) be amended by substituting “6652(g)” for “6652(h)”…
  • § 219 Pub. L. 99–514, § 1101(a)(1), redesignated former subsec. (g) as (h).

§ 226 Cross reference

  • § 226 Pub. L. 99–514, § 135(b)(1), renumbered section 223 of this title as this section.
  • § 226 Pub. L. 99–514, § 301(b)(5)(A), amended section generally, substituting “reference” for “references” in section…

§ 243 Dividends received by corporations

  • (a)(1) Pub. L. 99–514, § 611(a)(1), substituted “80 percent” for “85 percent”.
  • (b)(3)(C) Pub. L. 99–514, § 411(b)(2)(C)(iv), inserted “and” at end of cl. (i), redesignated cl. (iii) as (ii), and struck out…

§ 245 Dividends received from certain foreign corporations

  • (a) Pub. L. 99–514, § 1226(a), in amending subsec. (a) generally, substituted “Dividends from 10-percent owned foreign…
  • (c)(1) Pub. L. 99–514, § 1876(d)(1)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “In the case…
  • (c)(3) Pub. L. 99–514, § 1876(j), added par. (3). Former par. (3) redesignated (4).
  • (c)(3) Pub. L. 99–514, § 1876(d)(1)(B), inserted “For purposes of this subsection, the term ‘qualified interest and carrying…
  • (c)(4) Pub. L. 99–514, § 1876(j), redesignated former par. (3) as (4).

§ 246 Rules applying to deductions for dividends received

  • (a)(2)(B) Pub. L. 99–514, § 1812(d)(1)(A), substituted “In” for “For purposes of subparagraph (A), in” in introductory provisions…
  • (a)(2)(C) (a)(2)(D) Pub. L. 99–514, § 1812(d)(1)(B), (C), added subpar. (C), redesignated former subpar. (C) as (D), and added cl. (iv) to…
  • (b)(1) Pub. L. 99–514, § 611(a)(3), substituted “80 percent” for “85 percent”.
  • (c)(1)(A) Pub. L. 99–514, § 1804(b)(1)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “which…
  • (c)(4) Pub. L. 99–514, § 1804(b)(1)(B), substituted “determined for purposes of this subsection” for “determined under…
  • § 246 Pub. L. 99–514, § 1275(a)(2)(B), struck out “or 934(e)(3)” after “936(h)(4)”.

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

  • (a) Pub. L. 99–514, § 1804(a), substituted “or 245(a)” for “or 245” and inserted “The preceding sentence shall be applied…
  • (a)(1) Pub. L. 99–514, § 611(a)(4), substituted “80 percent” for “85 percent”.

§ 263 Capital expenditures

  • (a)(1)(E) (a)(1)(F) (a)(1)(G) (a)(1)(H) Pub. L. 99–514, § 402(b)(1), struck out subpar. (E) relating to nonapplication of par. (1) to expenditures by farmers…
  • (c) Pub. L. 99–514, § 701(e)(4)(D), substituted “59(d)” for “58(i)”.
  • (c) Pub. L. 99–514, § 411(b)(1)(B), inserted “and except as provided in subsection (i),”.
  • (i) Pub. L. 99–514, § 411(b)(1)(A), added subsec. (i).

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

§ 264 Certain amounts paid in connection with insurance contracts

  • (a) Pub. L. 99–514 added par. (4) and last sentence providing that par. (4) shall apply with respect to contracts purchased…

§ 265 Expenses and interest relating to tax-exempt income

  • § 265 Pub. L. 99–514, § 902(a), (d), designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
  • § 265 Pub. L. 99–514, § 902(b), struck out last sentence which read as follows: “In applying the preceding sentence to a…
  • § 265 Pub. L. 99–514, § 144, added par. (6).

§ 267 Losses, expenses, and interest with respect to transactions between related taxpayers

  • (a)(2) Pub. L. 99–514, § 806(c)(2), as amended by Pub. L. 100–647, § 1008(e)(6), inserted at end “For purposes of this…
  • (a)(3) Pub. L. 99–514, § 1812(c)(1), added par. (3).
  • (b)(12) Pub. L. 99–514, § 1812(c)(4)(A), substituted “same persons own” for “same persons owns”.
  • (e)(5)(D) Pub. L. 99–514, § 803(b)(5), substituted in cl. (i) “interest in property described in clause (i), (ii), (iii), or (iv)…
  • (e)(6) Pub. L. 99–514, § 1812(c)(3)(C), added par. (6).
  • (f)(3)(B) Pub. L. 99–514, § 1812(c)(2), inserted “(or persons described in subsection (b)(10))”.
  • (g) Pub. L. 99–514, § 1842(a), added subsec. (g).

§ 269A Personal service corporations formed or availed of to avoid or evade income tax

  • (b)(3) Pub. L. 99–514 substituted “section 144(a)(3)” for “section 103(b)(6)(C)”.

§ 269B Stapled entities

  • (b) Pub. L. 99–514, § 1810(j)(1), inserted “and regulations providing that any tax imposed on the foreign corporation…
  • (e) Pub. L. 99–514, § 1810(j)(2), added subsec. (e).

§ 274 Disallowance of certain entertainment, etc., expenses

  • (b)(1) Pub. L. 99–514, § 122(c)(1)–(3), and Pub. L. 100–647, § 1018(u)(2), made conforming amendments to subpars. (A) and (B)…
  • (b) Pub. L. 99–514, § 122(c)(4), struck out par. (3) relating to qualified plan award, defining such term in subpar. (A)…
  • (e)(1) Pub. L. 99–514, § 142(a)(2)(A), redesignated par. (2) as (1) and struck out former par. (1), business meals, which read…
  • (e)(2) Pub. L. 99–514, § 142(a)(2)(A), redesignated par. (3) as (2). Former par. (2) redesignated (1).
  • (e)(3) Pub. L. 99–514, § 142(a)(2), redesignated par. (4) as (3) and substituted “paragraph (2)” for “paragraph (3)” in…
  • (e)(4) Pub. L. 99–514, § 1114(b)(6), which directed the substitution of “highly compensated employees (within the meaning of…
  • (e)(4) Pub. L. 99–514, § 142(a)(2)(A), redesignated par. (5) as (4). Former par. (4) redesignated (3).
  • (e)(5) (e)(6) (e)(7) (e)(8) (e)(9) (e) Pub. L. 99–514, § 142(a)(2)(A), redesignated pars. (5) to (10) as pars. (4) to (9), respectively.
  • (h) Pub. L. 99–514, § 142(c), struck out “or 212” after “section 162” in introductory provisions of pars. (1), (2), and…
  • (j) Pub. L. 99–514, § 122(d), added subsec. (j). Former subsec. (j) redesignated (k).
  • (k) Pub. L. 99–514, § 142(a)(1), added subsec. (k). Former subsec. (k) redesignated (o).
  • (l) (m) (n) Pub. L. 99–514, § 142(b), added subsecs. (l) to (n).
  • (o) Pub. L. 99–514, § 142(a)(1), redesignated former subsec. (k) as (o).

§ 277 Deductions incurred by certain membership organizations in transactions with members

  • (b)(4) Pub. L. 99–514 added par. (4).

§ 280A Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.

  • (c)(5)(B) Pub. L. 99–514, § 143(c), added subpar. (B) and struck out former subpar. (B) which read as follows: “the deductions…
  • (c)(6) Pub. L. 99–514, § 143(b), added par. (6).

§ 280C Certain expenses for which credits are allowable

  • (b)(1) (b)(2)(A) Pub. L. 99–514, § 1847(b)(8), substituted “section 28(b)” for “section 29(b)” in par. (1) and “section 28” for “section…
  • (b)(3) Pub. L. 99–514, § 231(d)(3)(E), substituted “section 41(f)(5)”, “section 41(f)(1)(B)”, and “section 41(f)(1)” for…

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

  • (a)(2)(A) Pub. L. 99–514, § 201(d)(4)(A)(i), (K), substituted “depreciation deduction” for “recovery deduction” in introductory…
  • (a)(2)(B) Pub. L. 99–514, § 201(d)(4)(A)(ii), (K), substituted “$1,475” for “$4,800” in heading and text of cl. (ii), and…
  • (a) Pub. L. 99–514, § 201(d)(4)(K), substituted “depreciation deduction” for “recovery deduction” in two places.
  • (b)(2) Pub. L. 99–514, § 201(d)(4)(J), substituted “section 168(g) (relating to alternative depreciation system)” for “the…
  • (b)(3) Pub. L. 99–514, § 201(d)(4)(B), (K), substituted “depreciation deduction” for “recovery deduction” and “section 168(g)…
  • (b) Pub. L. 99–514, § 201(d)(4)(C), in amending par. (4) generally, struck out heading “Definitions”, redesignated as par.…
  • (c)(4) Pub. L. 99–514, § 201(d)(4)(D), substituted “section 168(i)(3)(A)” for “section 168(j)(6)(B)”.
  • (d)(1) Pub. L. 99–514, § 201(d)(4)(E), substituted “depreciation deduction” for “recovery deduction”.
  • (d)(2) Pub. L. 99–514, § 1812(e)(5), substituted “is use described in” for “is not use described in”.
  • (d)(2) Pub. L. 99–514, § 201(d)(4)(F), substituted “depreciation deduction” for “recovery deduction” and “use in a trade or…
  • (d)(3)(A) Pub. L. 99–514, § 1812(e)(2), inserted “(or the amount of any deduction allowable to the employee for rentals or other…
  • (d)(4)(A)(iv) Pub. L. 99–514, § 201(d)(4)(G), substituted “section 168(i)(2)(B)” for “section 168(j)(5)(D)”.
  • (d)(4)(B) Pub. L. 99–514, § 1812(e)(3), inserted “and owned or leased by the person operating such establishment”.
  • (d)(4) Pub. L. 99–514, § 1812(e)(4), added subpar. (C).
  • (d)(5)(A) Pub. L. 99–514, § 1812(e)(1)(A), (C), substituted “unloaded gross vehicle weight” for “gross vehicle weight” in cl.…
  • (d)(8) Pub. L. 99–514, § 201(d)(4)(H), amended par. (8) generally. Prior to amendment, par. (8) read as follows: “For purposes…
  • (d)(10) Pub. L. 99–514, § 201(d)(4)(I), struck out “, notwithstanding any regulations prescribed under section 168(f)(7),”…

§ 280G Golden parachute payments

  • (b)(2)(A) Pub. L. 99–514, § 1804(j)(6), inserted “For purposes of clause (ii), payments not treated as parachute payments under…
  • (b)(2)(B) Pub. L. 99–514, § 1804(j)(7), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The term…
  • (b)(4) Pub. L. 99–514, § 1804(j)(2), substituted “Treatment of amounts which taxpayer establishes as reasonable compensation”…
  • (b)(5) Pub. L. 99–514, § 1804(j)(1), added par. (5).
  • (b)(6) Pub. L. 99–514, § 1804(j)(3), added par. (6).
  • (c) Pub. L. 99–514, § 1804(j)(5), inserted provision defining “highly-compensated individual”.
  • (d)(2) Pub. L. 99–514, § 1804(j)(8), substituted “performed personal services for the corporation” for “was an employee of the…
  • (d)(5) Pub. L. 99–514, § 1804(j)(4), added par. (5).

§ 291 Special rules relating to corporate preference items

  • (a) Pub. L. 99–514, § 1804(k)(3)(A), substituted “Reduction” for “20-percent reduction” in heading.
  • (a)(1)(A) Pub. L. 99–514, § 201(d)(5)(A), struck out “or section 1245 recovery property” after “section 1245 property”.
  • (a)(2) Pub. L. 99–514, § 412(b)(1), substituted “20 percent” for “15 percent”.
  • (a)(4) Pub. L. 99–514, § 1876(b)(1), substituted “Certain FSC income” for “Certain deferred FSC income” in heading and amended…
  • (a)(4) Pub. L. 99–514, § 1804(k)(1), substituted “If a C corporation” for “If a corporation”.
  • (b)(1) Pub. L. 99–514, § 411(a)(1), (b)(2)(C)(ii), substituted “30 percent” for “20 percent” in closing provisions and…
  • (b)(2) (b)(3) (b)(4) (b)(5) (b) Pub. L. 99–514, § 411(a)(2), added pars. (2) to (5) and struck out former pars. (2) to (6) as follows: former par. (2)…
  • (c)(1) Pub. L. 99–514, § 201(d)(5)(B), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “For purposes…
  • (e)(1)(A) Pub. L. 99–514, § 901(b)(4), struck out “or 593” after “section 585”.
  • (e)(1)(B) Pub. L. 99–514, § 902(c)(2)(C), substituted “1982, and before August 8, 1986” for “1982” in heading.
  • (e)(1)(B)(i) Pub. L. 99–514, § 902(c)(1), (2)(A), substituted “1982, and before August 8, 1986” for “1982” and “(but for this…
  • (e)(1)(B)(i) Pub. L. 99–514, § 901(d)(4)(C), substituted “which is a bank (as defined in section 582(a)(2)) or to which section 593…
  • (e)(1)(B)(ii) Pub. L. 99–514, § 902(c)(2)(B), inserted “and section 265(b)”.
  • (e)(1)(B)(iv) Pub. L. 99–514, § 1854(c)(1), added cl. (iv) relating to special rules for obligations to which section 133 applies.
  • (e)(1)(B)(iv) Pub. L. 99–514, § 902(c)(2)(D), added cl. (iv) relating to application of subparagraph to certain obligations issued…
  • (e)(2) Pub. L. 99–514, § 201(d)(5)(C), struck out “, ‘section 1245 recovery property’,” after “ ‘section 1245 property’ ” and…

§ 301 Distributions of property

  • (f)(3) Pub. L. 99–514, § 1804(f)(2)(B), substituted “this subsection” for “this section”.
  • § 301 Pub. L. 99–514, § 612(b)(1), struck out par. (4) which provided: “For partial exclusion from gross income of dividends…

§ 303 Distributions in redemption of stock to pay death taxes

  • (d) Pub. L. 99–514 amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “Under regulations…

§ 304 Redemption through use of related corporations

  • (a)(1) Pub. L. 99–514 substituted “To the extent that such distribution is treated as a distribution to which section 301…

§ 311 Taxability of corporation on distribution

  • § 311 Pub. L. 99–514 amended section generally, substituting provisions relating to distributions of appreciated property for…

§ 312 Effect on earnings and profits

  • (b) Pub. L. 99–514, § 1804(f)(1)(A), amended subsec. (b) generally, substituting provisions relating to distributions of…
  • (c) Pub. L. 99–514, § 1804(f)(1)(B), (C), struck out “, etc.” after “liabilities” in heading and struck out par. (3) which…
  • (k)(3) Pub. L. 99–514, § 201(b), amended par. (3) generally, substituting provisions relating to tangible property to which…
  • (k)(3)(A) Pub. L. 99–514, § 1809(a)(2)(C)(ii), in subpar. (A), struck out “and rules similar to the rules under the next to the…
  • (k)(4) Pub. L. 99–514, § 201(d)(6), struck out last sentence “In determining the earnings and profits of such corporation in…
  • (n)(1)(B) Pub. L. 99–514, § 803(b)(3)(A), as amended by Pub. L. 100–647, § 1018(u)(4), struck out “(determined without regard to…
  • (n)(1)(C) Pub. L. 99–514, § 803(b)(3)(B), added subpar. (C) and struck out former subpar. (C) which read as follows: “The term…
  • (n)(3) Pub. L. 99–514, § 241(b)(1), struck out “, 177,” after “sections 173”.
  • (n)(4) Pub. L. 99–514, § 631(e)(1), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “Earnings and…
  • (n)(4) Pub. L. 99–514, § 1804(f)(1)(D), redesignated par. (5) as (4). Former par. (4), relating to certain untaxed…
  • (n)(5) (n)(6) (n)(7) Pub. L. 99–514, § 1804(f)(1)(D), redesignated pars. (6) to (8) as (5) to (7), respectively. Former par. (5)…
  • (n)(8) (n) Pub. L. 99–514, § 1804(f)(1)(D), (E), redesignated par. (9) as (8) and substituted provisions of subpars. (A) and (B)…

§ 318 Constructive ownership of stock

  • (b)(5) Pub. L. 99–514 substituted “382(l)(3)” for “382(a)(3)”.

§ 332 Complete liquidations of subsidiaries

  • (b)(1) Pub. L. 99–514, § 1804(e)(6)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “the…
  • (c) Pub. L. 99–514, § 631(e)(2), struck out subsec. (c) containing special rule for indebtedness of subsidiary to parent in…

§ 334 Basis of property received in liquidations

  • (a) Pub. L. 99–514, § 631(e)(4)(A), struck out “(other than a distribution to which section 333 applies)” after…
  • § 334 Pub. L. 99–514, § 631(e)(4)(B), struck out subsec. (c) relating to property received in liquidation under section 333.

§ 336 Gain or loss recognized on property distributed in complete liquidation

§ 337 Nonrecognition for property distributed to parent in complete liquidation of subsidiary

§ 338 Certain stock purchases treated as asset acquisitions

  • (a)(1) Pub. L. 99–514, § 631(b)(1), struck out “to which section 337 applies” after “in a single transaction”.
  • (c) Pub. L. 99–514, § 631(b)(2), struck out subsec. (c) relating to special rules for coordination with section 337 where…
  • (d)(3) Pub. L. 99–514, § 1804(e)(8)(A), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The term…
  • (h)(3)(C)(i) Pub. L. 99–514, § 1899A(7), substituted “subparagraphs” for “subparagraph”.
  • (h)(6)(B)(i) Pub. L. 99–514, § 1275(c)(6), struck out “a corporation described in section 934(b),” after “DISC,”.
  • (h)(10)(B) Pub. L. 99–514, § 631(b)(3), inserted provision that to the extent provided in regulations, term “selling consolidated…
  • (h)(12) Pub. L. 99–514, § 631(e)(5), struck out par. (12) relating to applicability of section 337 where target had adopted…

§ 346 Definition and special rule

  • (b) Pub. L. 99–514 struck out “337,” after “351,”.

§ 361 Nonrecognition of gain or loss to corporations; treatment of distributions

  • § 361 Pub. L. 99–514 amended section generally. Prior to amendment, section related to whether gain or loss was recognized if…

§ 362 Basis to corporations

  • (c) Pub. L. 99–514 struck out par. (3) relating to exceptions for contributions in aid of construction.

§ 367 Foreign corporations

  • (a)(1) Pub. L. 99–514, § 1810(g)(4)(A), struck out “355,” after “354,”.
  • (d)(2)(A) Pub. L. 99–514, § 1231(e)(2), inserted at end “The amounts taken into account under clause (ii) shall be commensurate…
  • (e) Pub. L. 99–514, § 631(d)(1), amended subsec. (e) generally. Prior to amendment, subsec. (e), treatment of distributions…
  • (f) Pub. L. 99–514, § 1810(g)(1), struck out subsec. (f) which related to transitional rules in the case of any exchanges…
  • (f) Pub. L. 99–514, § 1810(g)(4)(B), in heading substituted “distributions described in section 336 or 355” for…

§ 368 Definitions relating to corporate reorganizations

  • (a)(2)(A) Pub. L. 99–514, § 1804(h)(3), inserted “(other than for purposes of subparagraph (C))” after “subchapter”.
  • (a)(2)(F)(ii) Pub. L. 99–514, § 1879(l)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “A corporation…
  • (a)(2)(G)(i) Pub. L. 99–514, § 1804(g)(2), inserted “For purposes of the preceding sentence, if the acquired corporation is…
  • (a)(2)(H) Pub. L. 99–514, § 1804(h)(2), added subpar. (H).
  • (a)(3)(D) Pub. L. 99–514, § 904(a), (c)(1), as amended by Pub. L. 100–647, § 4012(a)(1), which (applicable to acquisitions after…
  • (c) Pub. L. 99–514, § 1804(h)(1), in amending subsec. (c) generally, struck out par. (1) designation and struck out par.…
  • (c) Pub. L. 99–514, § 621(e)(1), repealed amendment by Pub. L. 94–455, § 806(f)(1). See 1976 Amendment note below.

§ 381 Carryovers in certain corporate acquisitions

  • (c)(10) Pub. L. 99–514, § 411(b)(2)(C)(iii), struck out last sentence which read: “For the purpose of applying the limitation…
  • (c)(12) Pub. L. 99–514, § 1812(a)(3), amended par. (12) generally. Prior to amendment, par. (12), recovery of bad debts, prior…
  • (c)(25) (c)(26) Pub. L. 99–514, § 231(d)(3)(F), redesignated par. (26) as (25). Former par. (25), relating to credit under section 30…
  • (c) Pub. L. 99–514, § 701(e)(1), added par. (27).

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

  • § 382 Pub. L. 99–514, § 621(a), in amending section generally, in subsec. (a), substituted provisions setting forth general…
  • § 382 Pub. L. 99–514, § 621(e)(1), repealed amendment by Pub. L. 94–455, § 806(e). See 1976 Amendment note below.

§ 383 Special limitations on certain excess credits, etc.

  • § 383 Pub. L. 99–514, § 621(b), amended section generally. Prior to amendment, section read as follows: “If—
  • § 383 Pub. L. 99–514, § 621(e)(1), repealed amendment by Pub. L. 94–455, § 806(f)(2). See 1976 Amendment note below.

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

  • (a)(4) Pub. L. 99–514, § 1114(b)(7), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “if the…
  • (a)(5) Pub. L. 99–514, § 1111(b), amended par. (5) generally. Prior to amendment, par. (5) related to conditions which taken…
  • (a)(8) Pub. L. 99–514, § 1119(a), substituted “defined benefit plan” for “pension plan”.
  • (a)(9)(C) Pub. L. 99–514, § 1121(b), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “For…
  • (a)(9)(C) Pub. L. 99–514, § 1852(a)(4)(A), substituted last 2 sentences for “Except as provided in section 409(d), clause (ii)…
  • (a)(9)(G) Pub. L. 99–514, § 1852(a)(6), added subpar. (G).
  • (a)(11)(A)(i) Pub. L. 99–514, § 1898(b)(3)(A), substituted “who does not die before the annuity starting date” for “who retires under…
  • (a)(11)(B) Pub. L. 99–514, § 1898(b)(2)(A)(ii), inserted at end “Clause (iii)(III) shall apply only with respect to the…
  • (a)(11)(B)(iii)(I) Pub. L. 99–514, § 1898(b)(7)(A), inserted “(reduced by any security interest held by the plan by reason of a loan…
  • (a)(11)(B)(iii)(I) Pub. L. 99–514, § 1898(b)(13)(A), substituted “section 417(a)(2)” for “section 417(a)(2)(A)”.
  • (a)(11)(B)(iii)(III) Pub. L. 99–514, § 1898(b)(2)(A)(i), inserted “(in a transfer after December 31, 1984)”.
  • (a)(11)(D) (a)(11)(E) Pub. L. 99–514, § 1145(a), added subpar. (E) relating to exception for plans described in section 404(c) and…
  • (a)(11)(D) (a)(11)(E) Pub. L. 99–514, § 1898(b)(14)(A), added subpar. (D) and redesignated former subpar. (D), relating to cross references…
  • (a)(17) Pub. L. 99–514, § 1106(d)(1), added par. (17).
  • (a)(20) Pub. L. 99–514, § 1852(b)(8), substituted “qualified total distribution described in section 402(a)(5)(E)(i)(I)” for…
  • (a)(21) Pub. L. 99–514, § 1171(b)(5), struck out par. (21) which read as follows: “A trust forming part of a tax credit…
  • (a)(22) Pub. L. 99–514, § 1899A(10), substituted “If” for “if”.
  • (a)(22) Pub. L. 99–514, § 1176(a), inserted at end “The requirements of subsection (e) of section 409 shall not apply to any…
  • (a)(23) Pub. L. 99–514, § 1174(c)(2)(A), amended par. (23) generally. Prior to amendment, par. (23) read as follows: “A stock…
  • (a)(26) Pub. L. 99–514, § 1112(b), added par. (26).
  • (a)(27) Pub. L. 99–514, § 1136(a), added par. (27).
  • (a)(28) Pub. L. 99–514, § 1175(a)(1), added par. (28).
  • (c)(2)(A)(v) Pub. L. 99–514, § 1848(b), substituted “section 404” for “sections 404 and 405(c)”.
  • (c)(6) Pub. L. 99–514, § 1143(a), added par. (6).
  • (h) Pub. L. 99–514, § 1852(h)(1), substituted “key employee” for “5-percent owner” in two places in par. (6) and amended…
  • (k)(1) (k)(2) Pub. L. 99–514, § 1879(g)(1), substituted “, a pre-ERISA money purchase plan, or a rural electric cooperative plan” for…
  • (k)(2)(B) Pub. L. 99–514, § 1116(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “under…
  • (k)(2)(C) Pub. L. 99–514, § 1852(g)(3), substituted “is nonforfeitable” for “are nonforfeitable”.
  • (k)(2)(D) Pub. L. 99–514, § 1116(b)(2), added subpar. (D).
  • (k)(3) Pub. L. 99–514, § 1116(d)(3), which directed that the last sentence of subpar. (B) be struck out was executed by…
  • (k)(3)(A) Pub. L. 99–514, § 1116(b)(4), as amended by Pub. L. 100–647, § 1011(k)(3)(B), substituted “any highly compensated…
  • (k)(3)(A) Pub. L. 99–514, § 1852(g)(2), substituted “If an employee is a participant under 2 or more cash or deferred…
  • (k)(3)(A)(i) Pub. L. 99–514, § 1112(d)(1), struck out “subparagraph (A) or (B) of” before “section 410(b)(1)”.
  • (k)(3)(A)(ii) Pub. L. 99–514, § 1116(c)(2), substituted “paragraph (5)” for “paragraph (4)”.
  • (k)(3)(A)(ii) Pub. L. 99–514, § 1116(a), substituted “1.25” for “1.5” in subcl. (I), and “2 percentage points” for “3 percentage…
  • (k)(3)(C) Pub. L. 99–514, § 1852(g)(1), added subpar. (C) relating to treatment of cash or deferred arrangements.
  • (k)(3)(C) Pub. L. 99–514, § 1116(e), added subpar. (C) relating to employer contributions.
  • (k)(4) Pub. L. 99–514, § 1116(b)(3), added par. (4). Former par. (4) redesignated (5).
  • (k)(5) Pub. L. 99–514, § 1116(b)(3), (d)(1), redesignated former par. (4) as (5) and substituted “the term ‘highly compensated…
  • (k)(6) Pub. L. 99–514, § 1116(b)(3), redesignated former par. (5) as (6). Former par. (6) redesignated (7).
  • (k)(6) Pub. L. 99–514, § 1879(g)(2), added par. (6).
  • (k)(7) Pub. L. 99–514, § 1116(b)(3), redesignated former par. (6) as (7).
  • (k)(8) Pub. L. 99–514, § 1116(c)(1), added par. (8).
  • (k)(9) Pub. L. 99–514, § 1116(d)(2), added par. (9).
  • (l) Pub. L. 99–514, § 1111(a), amended subsec. (l) generally, substituting provisions relating to permitted disparity in…
  • (m) Pub. L. 99–514, § 1117(a), added subsec. (m) and redesignated former subsec. (m) as (n).
  • (m) Pub. L. 99–514, § 1898(c)(3), added subsec. (m).
  • (n) Pub. L. 99–514, § 1117(a), redesignated former subsec. (m) as (n). Former subsec. (n) redesignated (o).
  • (n) Pub. L. 99–514, § 1898(c)(3), redesignated subsec. (o) as (n).
  • (o) Pub. L. 99–514, § 1117(a), redesignated former subsec. (n) as (o).
  • (o) Pub. L. 99–514, § 1898(c)(3), redesignated subsec. (o) as (n).

§ 402 Taxability of beneficiary of employees’ trust

  • (a) Pub. L. 99–514, § 1122(b)(1)(A), struck out par. (2) relating to capital gains treatment for portion of lump sum…
  • (a) Pub. L. 99–514, § 1122(e)(1), amended cl. (i) generally, to read as follows: “Subparagraph (A) shall apply to a partial…
  • (a) Pub. L. 99–514, § 1852(b)(2), inserted at end “For purposes of subclause (I), the balance to the credit of the employee…
  • (a) Pub. L. 99–514, § 1852(b)(5), substituted “a trust or plan described in subclause (III) or (IV)” for “a plan described…
  • (a) Pub. L. 99–514, § 1122(b)(2)(A), struck out “and capital gains treatment” in heading and amended text generally. Prior…
  • (a) Pub. L. 99–514, § 1852(b)(1), substituted “of all or any portion of” for “of any portion of”.
  • (a) Pub. L. 99–514, § 1121(c)(1), amended subpar. (F) generally. Prior to amendment, subpar. (F) heading read “Special…
  • (a) Pub. L. 99–514, § 1852(b)(6), in cl. (i) substituted “a transfer resulting in any portion of a distribution being…
  • (a) Pub. L. 99–514, § 1875(c)(1)(A), amended cl. (ii) generally. Prior to amendment, cl. (ii), key employees, read as…
  • (a) Pub. L. 99–514, § 1852(a)(5)(A), added subpar. (G).
  • (a) Pub. L. 99–514, § 1852(b)(7), substituted “(7)” for “(7)(B)”.
  • (a) Pub. L. 99–514, § 1898(c)(7)(A)(i), substituted “paragraph (5)” for “paragraph (5)(A)”.
  • (a) Pub. L. 99–514, § 1898(a)(3), added subpar. (G) relating to treatment of potential future vesting.
  • (a) Pub. L. 99–514, § 1122(e)(2)(A), added subpar. (H).
  • (a) Pub. L. 99–514, § 1852(b)(4), inserted “; except that a trust or plan described in subclause (III) or (IV) of paragraph…
  • (a) Pub. L. 99–514, § 1898(c)(1)(A), substituted “any alternate payee who is the spouse or former spouse of the participant…
  • (b) Pub. L. 99–514, § 1112(c), designated existing provisions as par. (1), inserted par. (1) heading, and added par. (2).
  • (b) Pub. L. 99–514, § 1852(c)(5), substituted “section 72(e)(5)” for “section 72(e)(1)”.
  • (e)(1)(B) Pub. L. 99–514, § 1122(b)(2)(B), and Pub. L. 100–647, § 1018(u)(6), redesignated subpar. (C) as (B), substituted…
  • (e)(1)(B) Pub. L. 99–514, § 104(b)(5), as amended by Pub. L. 100–647, § 1018(u)(1), struck out “the zero bracket amount…
  • (e)(1)(B) Pub. L. 99–514, § 1122(a)(2)(A), (B), substituted “5” for “10” and “⅕” for “one-tenth”.
  • (e)(1) Pub. L. 99–514, § 1122(b)(2)(B)(i), redesignated subpars. (C) to (E) as (B) to (D), respectively.
  • (e)(3) Pub. L. 99–514, § 1122(b)(2)(C), and Pub. L. 100-647, § 1018(u)(7), substituted “total taxable amount” for “ordinary…
  • (e)(4)(B) Pub. L. 99–514, § 1122(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “For…
  • (e)(4)(E) Pub. L. 99–514, § 1122(b)(2)(D), struck out subpar. (E) defining “ordinary income portion” with respect to a lump sum…
  • (e)(4) Pub. L. 99–514, § 1852(b)(3)(B), struck out subpar. (F) defining “employee”. See subsec. (g) of this section relating…
  • (e)(4) Pub. L. 99–514, § 1122(b)(2)(E), struck out “(but not for purposes of subsection (a)(2) or section 403(a)(2)(A))” after…
  • (e)(4) Pub. L. 99–514, § 1122(g), inserted at end “To the extent provided by the Secretary, a taxpayer may elect before any…
  • (e)(4) Pub. L. 99–514, § 1106(c)(2), added subpar. (N).
  • (e)(6) Pub. L. 99–514, § 1898(a)(2), added par. (6).
  • (f)(1) Pub. L. 99–514, § 1898(e)(1), substituted “eligible rollover distribution” for “qualifying rollover distribution”.
  • (f)(2) Pub. L. 99–514, § 1898(e)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “For purposes…
  • (g) Pub. L. 99–514, § 1854(f)(2), added subsec. (g) relating to effect of disposition of stock by plan on net unrealized…
  • (g) Pub. L. 99–514, § 1852(b)(3)(A), added subsec. (g) relating to treatment of self-employed individuals.
  • (g) Pub. L. 99–514, § 1105(a), added subsec. (g) relating to limitation on exclusion for elective deferrals.
  • (h) Pub. L. 99–514, § 1108(b), added subsec. (h).

§ 403 Taxation of employee annuities

  • (a)(1) Pub. L. 99–514, § 1122(d)(1), substituted “Distributee taxable under section 72” for “General rule” in heading and…
  • (a)(2) Pub. L. 99–514, § 1122(b)(1)(B), struck out par. (2) which read as follows:
  • (a)(4)(B) Pub. L. 99–514, § 1852(a)(5)(B)(i), substituted “through (G)” for “through (F)”.
  • (b)(1) Pub. L. 99–514, § 1122(d)(2), amended second sentence generally. Prior to amendment, second sentence read as follows…
  • (b)(1)(D) Pub. L. 99–514, § 1120(a), added subpar. (D).
  • (b)(7)(A)(ii) Pub. L. 99–514, § 1123(c)(2), inserted “in the case of contributions made pursuant to a salary reduction agreement…
  • (b)(7)(D) Pub. L. 99–514, § 1852(a)(3)(B), struck out subpar. (D) “Distribution requirements” which read as follows: “For…
  • (b)(8) Pub. L. 99–514, § 1852(b)(10), inserted “and” before “(F)(i)”.
  • (b)(8) Pub. L. 99–514, § 1852(a)(5)(B)(ii), added subpar. (D).
  • (b)(10) Pub. L. 99–514, § 1120(b), added par. (10) relating to nondiscrimination requirements.
  • (b)(10) Pub. L. 99–514, § 1852(a)(3)(A), added par. (10) relating to distribution requirements.
  • (b)(11) Pub. L. 99–514, § 1123(c)(1), added par. (11).
  • (c) Pub. L. 99–514, § 1122(d)(3), amended last sentence generally. Prior to amendment, last sentence read as follows: “The…

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

  • (a) Pub. L. 99–514, § 1851(b)(2)(C)(i), substituted “this chapter; but, if they would otherwise be deductible” for “section…
  • (a)(2) Pub. L. 99–514, § 1136(b), substituted “(26), and (27)” for “and (26)”.
  • (a)(2) Pub. L. 99–514, § 1112(d)(2), substituted “(22), and (26)” for “and (22)”.
  • (a)(3)(A) Pub. L. 99–514, § 1131(a), amended subpar. (A) generally, revising and restating as cls. (i) to (v) provisions formerly…
  • (a)(7) Pub. L. 99–514, § 1131(b), amended par. (7) generally, revising and restating as subpars. (A) to (C) provisions…
  • (a)(8)(C) Pub. L. 99–514, § 1875(c)(7)(A), inserted “(determined without regard to the deductions allowed by this section)”.
  • (a)(8)(D) Pub. L. 99–514, § 1875(c)(7)(B), as amended by Pub. L. 100–647, § 1018(t)(5), struck out “(determined without regard to…
  • (a)(8)(D) Pub. L. 99–514, § 1848(c), substituted “the deduction allowed by this section” for “the deductions allowed by this…
  • (b) Pub. L. 99–514, § 1851(b)(2)(B)(i), substituted “certain” for “unfunded” in heading.
  • (b)(2) Pub. L. 99–514, § 1851(b)(2)(A), (B)(ii), substituted “certain” for “unfunded” in heading, and in subpar. (B)(ii)…
  • (d) Pub. L. 99–514, § 1851(b)(2)(C)(ii), substituted “under this chapter” for “under section 162 or 212” in pars. (1) and…
  • (h)(1)(A) (h)(1)(B) Pub. L. 99–514, § 1108(c), amended subpars. (A) and (B) generally. Prior to amendment, subpars. (A) and (B) read as…
  • (i) Pub. L. 99–514, § 1171(b)(6), struck out subsec. (i) relating to the deductibility of unused portions of employee stock…
  • (k) Pub. L. 99–514, § 1854(b)(2)(B), struck out “during the taxable year” after “cash by such corporation” in introductory…
  • (k) Pub. L. 99–514, § 1854(b)(4), inserted “The Secretary may disallow the deduction under this subsection for any dividend…
  • (k) Pub. L. 99–514, § 1854(b)(3), inserted “A plan to which this subsection applies shall not be treated as violating the…
  • (k) Pub. L. 99–514, § 1854(b)(2)(A), inserted “Any deduction under subparagraph (A) or (B) of paragraph (2) shall be…
  • (k) Pub. L. 99–514, § 1173(a)(2), inserted “Any deduction under paragraph (2)(C) shall be allowable in the taxable year of…
  • (k)(2)(A) (k)(2)(B) Pub. L. 99–514, § 1854(b)(5), inserted “or their beneficiaries”.
  • (k)(2) Pub. L. 99–514, § 1173(a)(1), added subpar. (C).
  • (l) Pub. L. 99–514, § 1106(d)(2), added subsec. (l).

§ 404A Deduction for certain foreign deferred compensation plans

  • (a) Pub. L. 99–514, § 1851(b)(2)(C)(iii), substituted “under this chapter” for “under section 162, 212, or 404” in par. (1)…
  • (g)(1)(A) Pub. L. 99–514, § 1114(b)(8), substituted “a highly compensated employee (within the meaning of section 414(q))” for…

§ 406 Employees of foreign affiliates covered by section 3121(l) agreements

  • (b)(1) Pub. L. 99–514, § 1112(d)(3), struck out “(without regard to paragraph (1)(A) thereof)” after “section 410(b)” in…
  • (b)(1)(A) Pub. L. 99–514, § 1114(b)(9)(A), as amended by Pub. L. 101–239, § 7831(f), substituted “a highly compensated employee…
  • (b)(1)(B) Pub. L. 99–514, § 1114(b)(9)(C), inserted “(as so defined)” after “employee”.
  • (e) Pub. L. 99–514, § 1852(e)(2)(C), struck out par. (5) which read as follows: “Section 2517 (relating to certain…

§ 407 Certain employees of domestic subsidiaries engaged in business outside the United States

  • (b)(1) Pub. L. 99–514, § 1112(d)(3), struck out “(without regard to paragraph (1)(A) thereof)” after “section 410(b)” in…
  • (b)(1)(A) Pub. L. 99–514, § 1114(b)(9)(B), as amended by Pub. L. 101–239, § 7831(f), substituted “a highly compensated employee…
  • (b)(1)(B) Pub. L. 99–514, § 1114(b)(9)(C), inserted “(as so defined)” after “employee”.
  • (e) Pub. L. 99–514, § 1852(e)(2)(D), struck out par. (5) which read as follows: “Section 2517 (relating to certain…

§ 408 Individual retirement accounts

  • (a)(6) (b)(3) Pub. L. 99–514, § 1852(a)(1), substituted “(without regard to subparagraph (C)(ii) thereof) and the incidental death…
  • (c)(1) Pub. L. 99–514, § 1852(a)(7)(A), substituted “paragraphs (1) through (6)” for “paragraphs (1) through (7)”.
  • (d)(1) Pub. L. 99–514, § 1102(c), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “Except as…
  • (d)(2) Pub. L. 99–514, § 1102(c), substituted “Special rules for applying section 72” for “Distributions of annuity contracts”…
  • (d)(3)(A) Pub. L. 99–514, § 1875(c)(8)(C), inserted at end “Clause (ii) shall not apply during the 5-year period beginning on the…
  • (d)(3)(A)(ii) Pub. L. 99–514, § 1875(c)(8)(A), (B), struck out “(other than a trust forming part of a plan under which the individual…
  • (d)(3)(A)(ii) Pub. L. 99–514, § 1121(c)(2), made amendment identical to Pub. L. 99–514, § 1875(c)(8)(A), (B), see above.
  • (d)(3)(E) Pub. L. 99–514, § 1852(a)(5)(C), added subpar. (E).
  • (d)(3)(F) Pub. L. 99–514, § 1122(e)(2)(B), added subpar. (F).
  • (d)(5) Pub. L. 99–514, § 1102(b)(2), inserted at end “For purposes of this paragraph, the amount allowable as a deduction…
  • (d)(5)(A) Pub. L. 99–514, § 1875(c)(6)(A), substituted “the dollar limitation in effect under section 415(c)(1)(A) for such…
  • (f) Pub. L. 99–514, § 1123(d)(2), struck out subsec. (f) which related to additional tax on certain amounts included in…
  • (i) Pub. L. 99–514, § 1102(e)(2), amended last sentence generally. Prior to amendment, last sentence read as follows: “The…
  • (k)(2) Pub. L. 99–514, § 1108(d), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “This paragraph is…
  • (k)(2)(A) Pub. L. 99–514, § 1898(a)(5), substituted “age 21” for “age 25”.
  • (k)(3)(A) Pub. L. 99–514, § 1108(g)(4), substituted “year” for “calendar year”.
  • (k)(3)(A) Pub. L. 99–514, § 1108(g)(1)(A), substituted “any highly compensated employee (within the meaning of section 414(q))”…
  • (k)(3)(C) Pub. L. 99–514, § 1108(g)(1)(B), inserted “and except as provided in subparagraph (D),” and “(other than contributions…
  • (k)(3)(D) (k)(3) Pub. L. 99–514, § 1108(g)(1)(C), added subpar. (D) and struck out former subpar. (D), treatment of certain…
  • (k)(6) Pub. L. 99–514, § 1108(a), added par. (6).
  • (k)(7) Pub. L. 99–514, § 1108(f), added subpar. (C).
  • (k)(8) Pub. L. 99–514, § 1108(e), added par. (8).
  • (k)(9) Pub. L. 99–514, § 1108(g)(6), added par. (9).
  • (m)(3) Pub. L. 99–514, § 1144(a), added par. (3).
  • (o) (p) Pub. L. 99–514, § 1102(a), added subsec. (o) and redesignated former subsec. (o) as (p).

§ 409 Qualifications for tax credit employee stock ownership plans

  • (a)(3) Pub. L. 99–514, § 1174(b)(2), inserted reference to subsec. (o).
  • (d) Pub. L. 99–514, § 1899A(11), substituted “participant’s” for “participants’s”.
  • (d) Pub. L. 99–514, § 1852(a)(4)(B), inserted at end “This subsection shall not apply to any distribution required under…
  • (d)(1) Pub. L. 99–514, § 1174(a)(1), substituted “separation from service, or termination of the plan” for “or separation from…
  • (e)(2) Pub. L. 99–514, § 1854(f)(1)(C), (D), inserted “or beneficiary” after “participant” in two places and substituted…
  • (e)(3) Pub. L. 99–514, § 1854(f)(1)(B)–(D), inserted “or beneficiary” after “participant” in two places and substituted…
  • (e)(5) Pub. L. 99–514, § 1854(f)(1)(A), added par. (5).
  • (h)(2) Pub. L. 99–514, § 1854(f)(3)(C), inserted “, except that such plan may distribute employer securities subject to a…
  • (h)(5) (h)(6) Pub. L. 99–514, § 1174(c)(1)(A), added pars. (5) and (6).
  • (l)(4) Pub. L. 99–514, § 1176(b), added par. (4) relating to acquisition of nonvoting common stock.
  • (n) Pub. L. 99–514, § 1854(a)(3)(A), added subsec. (n). Former subsec. (n) redesignated (o).
  • (n)(1) Pub. L. 99–514, § 1172(b)(1), as amended by Pub. L. 100–647, § 1011B(g)(1), inserted “or section 2057” in two places in…
  • (o) Pub. L. 99–514, § 1174(b)(1), added subsec. (o). Former subsec. (o) redesignated (p).
  • (o) Pub. L. 99–514, § 1854(a)(3)(A), redesignated former subsec. (n) as (o).
  • (p) Pub. L. 99–514, § 1174(b)(1), redesignated former subsec. (o) as (p).

§ 410 Minimum participation standards

  • (a)(1)(B)(i) Pub. L. 99–514, § 1113(c), substituted “2 years of service” for “3 years of service” in two places.
  • (a)(5)(B) Pub. L. 99–514, § 1113(d)(A), substituted “2-year” for “3-year” in heading.
  • (b) Pub. L. 99–514, § 1112(a), substituted “Minimum coverage requirements” for “Eligibility” as subsec. (b) heading and…

§ 411 Minimum vesting standards

  • (a) Pub. L. 99–514, § 1898(d)(1)(A)(ii), inserted reference to par. (11) in introductory text.
  • (a)(2) Pub. L. 99–514, § 1113(a), amended par. (2) generally, substituting provisions covering 5-year vesting, 3 to 7 year…
  • (a)(3)(D)(ii) Pub. L. 99–514, § 1898(a)(4)(A)(i), substituted last sentence for former last sentence which read as follows: “In the…
  • (a)(7)(C) Pub. L. 99–514, § 1898(a)(4)(A)(ii), substituted last sentence for former last sentence which read as follows: “In the…
  • (a)(10)(B) Pub. L. 99–514, § 1113(d)(B), substituted “3 years” for “5 years”.
  • (a)(11)(A) Pub. L. 99–514, § 1898(d)(1)(A)(i), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “If…
  • (a)(11)(B) Pub. L. 99–514, § 1139(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “For…
  • (a)(11)(C) Pub. L. 99–514, § 1898(d)(2)(A), added subpar. (C).
  • (d)(1)(A) (d)(1)(B) Pub. L. 99–514, § 1114(b)(10), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (d)(4) Pub. L. 99–514, § 1113(b), repealed par. (4) which provided that a class year plan satisfied the requirements of…
  • (d)(4) Pub. L. 99–514, § 1898(a)(1)(A), substituted “Class-year” for “Class year” in heading and amended par. (4) generally.…
  • (d)(6)(C) Pub. L. 99–514, § 1898(f)(1)(A), added subpar. (C).

§ 414 Definitions and special rules

  • (k)(2) Pub. L. 99–514, § 1117(c), inserted reference to section 401(m) (relating to nondiscrimination tests for matching…
  • (m)(2)(B)(ii) Pub. L. 99–514, § 1114(b)(11), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (m)(5) Pub. L. 99–514, § 1301(j)(4), substituted “section 144(a)(3)” for “section 103(b)(6)(C)”.
  • (m) Pub. L. 99–514, § 1852(f), amended directory language of Pub. L. 98–369, § 526(d)(2), to correct an error, and did not…
  • (n)(1) Pub. L. 99–514, § 1151(i)(1), substituted “requirements” for “pension requirements”.
  • (n)(1) Pub. L. 99–514, § 1146(b)(2), struck out “except to the extent otherwise provided in regulations,” after “listed in…
  • (n)(2)(B) Pub. L. 99–514, § 1151(i)(2), inserted “(6 months in the case of core health benefits)” after “1 year”.
  • (n)(3) Pub. L. 99–514, § 1151(i)(3), substituted “Requirements” for “Pension requirements” in heading, substituted…
  • (n)(4) Pub. L. 99–514, § 1146(a)(2), substituted “Time when first considered as employee” for “Time when leased employee is…
  • (n)(5) Pub. L. 99–514, § 1146(a)(1), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “This…
  • (n)(6) Pub. L. 99–514, § 1301(j)(4), substituted “section 144(a)(3)” for “section 103(b)(6)(C)” in subpar. (A).
  • (n)(6) Pub. L. 99–514, § 1146(a)(3), substituted “Other rules” for “Related persons” in heading and amended text generally.…
  • (o) Pub. L. 99–514, § 1146(b)(1), inserted provision relating to regulations to minimize recordkeeping requirements in case…
  • (p)(1)(B)(i) Pub. L. 99–514, § 1898(c)(7)(A)(ii), inserted “former spouse,”.
  • (p)(3)(B) Pub. L. 99–514, § 1899A(12), struck out the comma after “benefits”.
  • (p)(4)(A) Pub. L. 99–514, § 1898(c)(7)(A)(vi), substituted “A” for “In the case of any payment before a participant has separated…
  • (p)(4)(B) Pub. L. 99–514, § 1898(c)(7)(A)(vii), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…
  • (p)(5) Pub. L. 99–514, § 1898(c)(7)(A)(v), struck out last sentence which read as follows: “A plan shall not be treated as…
  • (p)(5)(A) Pub. L. 99–514, § 1898(c)(6)(A), inserted “(and any spouse of the participant shall not be treated as a spouse of the…
  • (p)(5)(B) Pub. L. 99–514, § 1898(c)(7)(A)(iv), substituted “the surviving former spouse” for “the surviving spouse”.
  • (p)(6)(A)(i) Pub. L. 99–514, § 1898(c)(7)(A)(iii), substituted “each alternate payee” for “any other alternate payee”.
  • (p)(7)(A) Pub. L. 99–514, § 1898(c)(2)(A)(i), substituted “shall separately account for the amounts (hereinafter in this…
  • (p)(7)(B) Pub. L. 99–514, § 1898(c)(2)(A)(ii), substituted “the 18-month period described in subparagraph (E)” for “18 months”…
  • (p)(7)(C) Pub. L. 99–514, § 1898(c)(2)(A)(iii), substituted “the 18-month period described in subparagraph (E)” for “18 months”…
  • (p)(7)(D) Pub. L. 99–514, § 1898(c)(2)(A)(iv), inserted “described in subparagraph (E)”.
  • (p)(7)(E) Pub. L. 99–514, § 1898(c)(2)(A)(v), added subpar. (E).
  • (p)(9) Pub. L. 99–514, § 1898(c)(4)(A), added par. (9). Former par. (9) redesignated (11).
  • (p)(10) Pub. L. 99–514, § 1898(c)(7)(A)(v), added par. (10).
  • (p)(11) Pub. L. 99–514, § 1898(c)(4)(A), redesignated former par. (9) as (11).
  • (q) Pub. L. 99–514, § 1114(a), added subsec. (q).
  • (r) (s) Pub. L. 99–514, § 1115(a), added subsecs. (r) and (s).
  • (t) Pub. L. 99–514, § 1151(e)(1), added subsec. (t).

§ 415 Limitations on benefits and contribution under qualified plans

  • (b)(2)(B) Pub. L. 99–514, § 1898(b)(15)(C), substituted reference to section 417 for reference to section 401(a)(11)(G)(iii).
  • (b)(2)(C) Pub. L. 99–514, § 1106(b)(1)(A), substituted in heading and in two places in text “the social security retirement age”…
  • (b)(2)(D) Pub. L. 99–514, § 1106(b)(1)(A)(i), substituted in heading and in two places in text “the social security retirement…
  • (b)(2)(E)(iii) Pub. L. 99–514, § 1875(c)(9), substituted “this subsection” for “adjusting any benefit or limitation under subparagraph…
  • (b)(2)(F) (b)(2)(G) (b)(2)(H) Pub. L. 99–514, § 1106(b)(2), added subpars. (F) to (H).
  • (b)(5) Pub. L. 99–514, § 1106(f), substituted “Reduction for participation or service of less than 10 years” for “Reduction…
  • (b)(8) Pub. L. 99–514, § 1106(b)(1)(B), added par. (8).
  • (b)(9) Pub. L. 99–514, § 1106(b)(3), added par. (9).
  • (c)(1)(A) Pub. L. 99–514, § 1106(a), amended subpar. (A) generally, inserting “(or, if greater, ¼ of the dollar limitation in…
  • (c)(2) Pub. L. 99–514, § 1108(g)(5), substituted “which are excludable from gross income under section 408(k)(6)” for…
  • (c)(2) Pub. L. 99–514, § 1106(e)(2), inserted at end “Subparagraph (B) of paragraph (1) shall not apply to any contribution…
  • (c)(2)(B) Pub. L. 99–514, § 1106(e)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the…
  • (c)(3)(C) Pub. L. 99–514, § 1875(c)(11), substituted “any defined contribution plan” for “a profit-sharing or stock bonus plan”.
  • (c)(3)(C)(i) Pub. L. 99–514, § 1847(b)(4), substituted “section 22(e)(3)” for “section 37(e)(3)”.
  • (c)(3)(C)(ii) Pub. L. 99–514, § 1114(b)(12), substituted “a highly compensated employee (within the meaning of section 414(q))” for…
  • (c)(4) Pub. L. 99–514, § 1106(b)(4), inserted “a health and welfare service agency,” after “a home health service agency,”.
  • (c)(6)(A) Pub. L. 99–514, § 1174(d)(1), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (c)(6)(B) Pub. L. 99–514, § 1174(d)(2)(A), struck out cls. (iii) and (iv) which read as follows:
  • (c)(6) Pub. L. 99–514, § 1174(d)(2)(B), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (d)(1)(B) (d)(1)(C) Pub. L. 99–514, § 1106(g)(1), redesignated subpar. (C) as (B) and struck out former subpar. (B), which related to the…
  • (d)(2)(A) Pub. L. 99–514, § 1106(g)(2)(A), substituted “subparagraph (A)” for “subparagraphs (A) and (B)”.
  • (d)(2)(B) Pub. L. 99–514, § 1106(g)(2)(B), substituted “subparagraph (B)” for “subparagraph (C)”.
  • (d)(3) Pub. L. 99–514, § 1106(g)(3), substituted “subparagraph (A)” for “subparagraph (A) or (B)”.
  • (k) Pub. L. 99–514, § 1899A(13), which directed the general amendment of subsec. (k) by striking out par. (1) designation…
  • (k)(2) Pub. L. 99–514, § 1106(c)(1), added par. (2) relating to contributions to provide cost-of-living protection under…
  • (l) Pub. L. 99–514, § 1852(h)(3), substituted “a pension or annuity plan” for “a defined benefit plan” in pars. (1) and…
  • (l) Pub. L. 99–514, § 1852(h)(2), as amended by Pub. L. 100–647, § 1018(t)(3)(B), inserted at end of par. (1) “Subparagraph…

§ 416 Special rules for top-heavy plans

  • (a) Pub. L. 99–514, § 1106(d)(3)(A), struck out par. (3) which read as follows: “the limitation on compensation requirement…
  • (c)(2)(B)(ii) (c)(2)(B) Pub. L. 99–514, § 1106(d)(3)(B)(ii), redesignated cl. (iii) as (ii) and struck out former cl. (ii) which read as…
  • (d) Pub. L. 99–514, § 1106(d)(3)(B)(i), repealed subsec. (d) which provided for a $200,000 limitation on the amount of…
  • (g)(4)(E) Pub. L. 99–514, § 1852(d)(2), amended subpar. (E) generally. Prior to amendment, subpar. (E) read as follows: “If any…
  • (g)(4)(F) Pub. L. 99–514, § 1118(a), added subpar. (F).
  • (i)(1)(A) Pub. L. 99–514, § 1852(d)(1), inserted at end “Such term shall not include any officer or employee of an entity…

§ 417 Definitions and special rules for purposes of minimum survivor annuity requirements

  • (a)(1) Pub. L. 99–514, § 1898(b)(15)(A), substituted “section 401(a)(11)” for “section 401(a)(ii)”.
  • (a)(1)(B) Pub. L. 99–514, § 1898(b)(4)(A)(i), substituted “paragraphs (2), (3), and (4)” for “paragraphs (2) and (3)”.
  • (a)(2)(A) Pub. L. 99–514, § 1898(b)(6)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the…
  • (a)(3)(B) Pub. L. 99–514, § 1898(b)(5)(A), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “Each…
  • (a)(4) Pub. L. 99–514, § 1898(b)(4)(A)(ii), added par. (4). Former par. (4) redesignated (5).
  • (a)(5) (a)(6) Pub. L. 99–514, § 1898(b)(4)(A)(ii), (11)(A), redesignated former par. (4) as (5) and inserted in subpar. (A) “if such…
  • (c)(1) Pub. L. 99–514, § 1898(b)(15)(B), substituted “survivor annuity for the life of” for “survivor annuity or the life of”.
  • (c)(1) Pub. L. 99–514, § 1898(b)(1)(A), inserted “In the case of an individual who separated from service before the date of…
  • (c)(2) Pub. L. 99–514, § 1898(b)(9)(A)(i), substituted “the portion of the account balance of the participant (as of the date…
  • (c)(3) Pub. L. 99–514, § 1898(b)(9)(A)(ii), added par. (3).
  • (e)(3) Pub. L. 99–514, § 1139(b), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “For purposes of…
  • (f)(1) Pub. L. 99–514, § 1898(b)(8)(A), substituted “such participant’s accrued benefit” for “the accrued benefit derived from…
  • (f)(2) Pub. L. 99–514, § 1898(b)(12)(A), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term…
  • (f)(5) Pub. L. 99–514, § 1898(b)(4)(A)(iii), added par. (5) and redesignated former par. (5) as (6).
  • (f)(6) (f)(7) Pub. L. 99–514, § 1898(b)(10)(A), added par. (6) and redesignated former par. (6) as (7).
  • (f)(6) (f)(7) Pub. L. 99–514, § 1898(b)(4)(A)(iii), redesignated former par. (5) as (6).

§ 419 Treatment of funded welfare benefit plans

  • (a)(1) Pub. L. 99–514, § 1851(b)(2)(C)(iv)(I), substituted “under this subchapter” for “under section 162 or 212”.
  • (a)(2) Pub. L. 99–514, § 1851(b)(2)(C)(iv)(II), substituted “they would otherwise be deductible” for “they satisfy the…
  • (e)(4) Pub. L. 99–514, § 1851(a)(8)(A), added par. (4).
  • (g)(1) Pub. L. 99–514, § 1851(a)(1), substituted “such a relationship” for “such a plan”.

§ 419A Qualified asset account; limitation on additions to account

  • (a) Pub. L. 99–514, § 1851(a)(6)(B), as amended by Pub. L. 100–647, § 1018(u)(12), inserted “and section 512” after “this…
  • (c)(5)(A) Pub. L. 99–514, § 1851(a)(5), substituted “under this subsection” for “under paragraph (1)”.
  • (d)(1) Pub. L. 99–514, § 1851(a)(2)(B), inserted “The requirements of this paragraph shall apply to the first taxable year for…
  • (d)(2) Pub. L. 99–514, § 1851(a)(2)(A), inserted “Subparagraph (B) of section 415(c)(1) shall not apply to any amount treated…
  • (e) Pub. L. 99–514, § 1851(a)(3)(A), amended subsec. (e) generally. Prior to amendment, par. (1), benefits must be…
  • (f)(5) Pub. L. 99–514, § 1851(a)(13), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “Higher limit…
  • (f)(5) Pub. L. 99–514, § 1851(a)(4), which directed amendment of par. (5) by substituting “welfare benefit fund maintained…
  • (f)(7)(C) (f)(7)(D) Pub. L. 99–514, § 1851(a)(7), added subpars. (C) and (D) and struck out former subpar. (C) which read as follows: “For…
  • (g)(3) Pub. L. 99–514, § 1851(a)(9), added par. (3).
  • (h)(1) Pub. L. 99–514, § 1851(a)(6)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “At the…

§ 422 Incentive stock options

  • (b) Pub. L. 99–514, § 321(a), added par. (7) and struck out former par. (7) which read as follows: “such option by its…
  • (b) Pub. L. 99–514, § 321(a), struck out par. (8) which read as follows: “in the case of an option granted after December…
  • (c)(1) Pub. L. 99–514, § 321(b)(2), substituted “paragraph (7) of subsection (b)” for “paragraph (8) of subsection (b) and…
  • (c)(4) Pub. L. 99–514, § 321(b)(1), redesignated par. (5) as (4) and struck out former par. (4) relating to carryover of…
  • (c)(5) (c)(6) Pub. L. 99–514, § 321(b)(1)(B), redesignated pars. (6) and (8) as (5) and (6), respectively. Former par. (5)…
  • (c)(7) Pub. L. 99–514, § 321(b)(1), redesignated par. (9) as (7) and struck out former par. (7) which provided that for…
  • (c) Pub. L. 99–514, § 321(b)(1)(B), redesignated par. (10) as (8). Former par. (8) redesignated (6).
  • (c) Pub. L. 99–514, § 321(b)(1)(B), redesignated par. (9) as (7).
  • (c) Pub. L. 99–514, § 1847(b)(5), substituted “section 22(e)(3)” for “section 37(e)(3)”.
  • (c) Pub. L. 99–514, § 321(b)(1)(B), redesignated par. (10) as (8).

§ 423 Employee stock purchase plans

  • (b)(4)(D) Pub. L. 99–514 substituted “highly compensated employees (within the meaning of section 414(q))” for “officers, persons…

§ 441 Period for computation of taxable income

  • (f)(2)(B)(iii) Pub. L. 99–514, § 104(b)(6), struck out “and by adding the zero bracket amount,” after “in the short period,”.
  • (f)(3) (f)(4) Pub. L. 99–514, § 806(d), added par. (3) and redesignated former par. (3) as (4).
  • (i) Pub. L. 99–514, § 806(c)(1), added subsec. (i).

§ 443 Returns for a period of less than 12 months

  • (b)(1) Pub. L. 99–514, § 104(b)(7)(A), struck out “, and adding the zero bracket amount” after “by the number of months in the…
  • (b)(2)(A)(ii) Pub. L. 99–514, § 104(b)(7)(B), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the tax…
  • (d) Pub. L. 99–514, § 701(e)(3), substituted “and tax preferences” for “for tax preferences” in heading and amended text…

§ 447 Method of accounting for corporations engaged in farming

  • (a) Pub. L. 99–514, § 803(b)(7)(B), which directed that subsec. (a) be amended by striking out “and with the capitalization…
  • (b) Pub. L. 99–514, § 803(b)(7)(A), in amending subsec. (b) generally, substituted in heading “period of expenses” for…
  • § 447 Pub. L. 99–514, § 803(b)(7)(C), substituted “Notwithstanding subsection (a) or section 263A, if” for “If”.

§ 448 Limitation on use of cash method of accounting

§ 451 General rule for taxable year of inclusion

  • (f) Pub. L. 99–514, § 905(b), added subsec. (f) relating to treatment of interest on frozen deposits in certain financial…
  • (f) Pub. L. 99–514, § 821(a), added subsec. (f) relating to special rule for utility services.

§ 453 Installment method

  • (f)(1) Pub. L. 99–514, § 642(a)(3), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “Except for…
  • (f)(8) Pub. L. 99–514, § 642(b)(1), added par. (8).
  • (g) Pub. L. 99–514, § 642(a)(1)(D), substituted “controlled entity” for “80-percent owned entity” in heading.
  • (g)(1) Pub. L. 99–514, § 642(b)(2), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “In the case of…
  • (h) Pub. L. 99–514, § 631(e)(8)(C), substituted “certain liquidations” for “section 337 liquidations” in heading.
  • (h)(1)(A) Pub. L. 99–514, § 631(e)(8)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “If, in…
  • (h)(1)(B) Pub. L. 99–514, § 631(e)(8)(A), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…
  • (h)(1)(E) Pub. L. 99–514, § 631(e)(8)(B), substituted “subsidiaries” for “subsidiary” in heading and amended text generally.…
  • (i)(2) Pub. L. 99–514, § 1809(c), substituted “section 1245 or 1250 (or so much of section 751 as relates to section 1245 or…
  • (j) Pub. L. 99–514, § 812(a), added subsec. (j) relating to current inclusion in case of revolving credit plans, etc.

§ 453A Special rules for nondealers

  • (a)(2) Pub. L. 99–514, § 812(b)(1), struck out last sentence which read as follows: “This paragraph shall not apply with…
  • (c) Pub. L. 99–514, § 812(b)(2), added subsec. (c).

§ 453B Gain or loss on disposition of installment obligations

  • (d) Pub. L. 99–514, § 631(e)(9), amended subsec. (d) generally, substituting “liquidations to which section 332 applies”…
  • (e)(2)(B) Pub. L. 99–514, § 1011(b)(1), substituted “section 806(b)(3)” for “section 806(c)(3)”.
  • (g) Pub. L. 99–514, § 1842(c), inserted “(other than a transfer in trust)”.

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

  • § 457 Pub. L. 99–514 amended section generally, substituting “Deferred compensation plans of State and local governments and…

§ 460 Special rules for long-term contracts

§ 461 General rule for taxable year of deduction

  • (h)(5) Pub. L. 99–514, § 805(c)(5), redesignated subpar. (B) as (A) and struck out former subpar. (A) which referred to…
  • (h)(5) Pub. L. 99–514, § 823(b)(1), as amended by Pub. L. 100–647, § 1018(u)(5), redesignated subpar. (C) as (B) and struck…
  • (h)(5) Pub. L. 99–514, § 805(c)(5), redesignated subpar. (C) as (B). Former subpar. (B) redesignated (A).
  • (h)(5) Pub. L. 99–514, § 823(b)(1), as amended by Pub. L. 100–647, § 1018(u)(5), redesignated subpar. (C) as (B).
  • (h)(5) Pub. L. 99–514, § 805(c)(5), redesignated subpar. (D) as (C). Former subpar. (C) redesignated (B).
  • (h)(5) Pub. L. 99–514, § 805(c)(5), redesignated subpar. (D) as (C).
  • (i) Pub. L. 99–514, § 801(b)(1), substituted “Special rules for tax shelters” for “Tax shelters may not deduct items…
  • (i)(1) Pub. L. 99–514, § 801(b)(1), substituted “Recurring item exception not to apply” for “In general” in heading and…
  • (i)(2) Pub. L. 99–514, § 801(b)(1), amended par. (2) generally, substituting provisions relating to special rule for spudding…
  • (i)(2) Pub. L. 99–514, § 1807(a)(1), substituted “on or before the 90th day” for “within 90 days” in heading and substituted…
  • (i)(4) Pub. L. 99–514, § 801(b)(2), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “In the case of…
  • (i)(4) Pub. L. 99–514, § 1807(a)(2), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “section…

§ 464 Limitations on deductions for certain farming expenses

  • § 464 Pub. L. 99–514, § 404(b)(1), substituted “for certain farming” for “in case of farming syndicates” in section catchline.
  • (d) Pub. L. 99–514, § 803(b)(8), substituted “Exception” for “Exceptions” as heading and amended text generally. Prior to…
  • § 464 Pub. L. 99–514, § 404(a), added subsec. (f).

§ 465 Deductions limited to amount at risk

  • (b)(3)(C) Pub. L. 99–514, § 201(d)(7)(A), struck out “defined” after “person” in heading and amended text generally. Prior to…
  • (b)(6) Pub. L. 99–514, § 503(b), added par. (6).
  • (c)(3)(D) (c)(3) Pub. L. 99–514, § 503(a), redesignated subpar. (E) as (D) and struck out former subpar. (D) which read as follows: “In…
  • (c)(7)(D)(v)(II) Pub. L. 99–514, § 1011(b)(1), substituted “section 806(b)(3)” for “section 806(c)(3)”.

§ 467 Certain payments for the use of property or services

  • (b)(4)(A) Pub. L. 99–514, § 1807(b)(2)(A), substituted “statutory recovery period” for “statutory recover period”.
  • (c)(4) Pub. L. 99–514, § 1807(b)(2)(B), substituted “subsection (b)(4)(A)” for “subsection (b)(3)(A)”.
  • (c)(5)(C) Pub. L. 99–514, § 631(e)(10), struck out “453B(d)(2),” after “341(e)(12),”.
  • (c)(5)(C) Pub. L. 99–514, § 511(d)(2)(A), as amended by Pub. L. 100–647, § 1005(c)(10), struck out “163(d),” after “sections”.
  • (d)(2) Pub. L. 99–514, § 1807(b)(2)(C), substituted “section 1274(c)(4)(C)” for “section 1274(c)(2)(C)”.
  • (e)(3)(A) Pub. L. 99–514, § 201(d)(8)(A), in amending subpar. (A) generally, included in table 7-year property, 15-year and…
  • (e)(3)(A) Pub. L. 99–514, § 1879(f)(1), substituted “19-year real property” and “19 years” for “18-year real property” and “18…
  • (e)(3)(B) Pub. L. 99–514, § 201(d)(8)(A), in amending subpar. (B) generally, substituted in heading “not depreciable under…
  • (e)(5) Pub. L. 99–514, § 201(d)(8)(B), substituted “section 465(b)(3)(C)” for “section 168(e)(4)(D)”.
  • (e)(5) Pub. L. 99–514, § 1807(b)(2)(D), substituted “section 168(e)(4)(D)” for “section 168(d)(4)(D)”.
  • (g) Pub. L. 99–514, § 1807(b)(1), inserted at end “The preceding sentence shall not apply to any amount to which section…

§ 468 Special rules for mining and solid waste reclamation and closing costs

  • (a)(1) Pub. L. 99–514, § 1807(a)(3)(C), substituted “this section” for “this subsection”.
  • (a)(2)(D) Pub. L. 99–514, § 1807(a)(3)(A), added subpar. (D).
  • (d)(2)(B)(ii) Pub. L. 99–514, § 1899A(14), substituted “Comprehensive Environmental Response, Compensation, and Liability Act of…

§ 468A Special rules for nuclear decommissioning costs

  • (a) Pub. L. 99–514, § 1807(a)(4)(E)(i), substituted “this section” for “this subsection”.
  • (c)(1)(A) Pub. L. 99–514, § 1807(a)(4)(B), substituted “subsection (e)(4)(B)” for “subsection (e)(2)(B)”.
  • (d) Pub. L. 99–514, § 1807(a)(4)(E)(ii), substituted “this section” for “this subsection” in introductory text.
  • (e) Pub. L. 99–514, § 1807(a)(4)(E)(iii), substituted “Reserve Fund” for “Trust Fund” in heading.
  • (e)(1) Pub. L. 99–514, § 1807(a)(4)(E)(iv), substituted “this section” for “this subsection” and “Reserve Fund” for “Trust…
  • (e)(2) Pub. L. 99–514, § 1807(a)(4)(C), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “There is…
  • (e)(4)(C) Pub. L. 99–514, § 1807(a)(4)(D), added subpar. (C).
  • (e)(6) Pub. L. 99–514, § 1807(a)(4)(E)(v), substituted “this section” for “this subsection” in two places and “this paragraph”…
  • (f) Pub. L. 99–514, § 1807(a)(4)(E)(vi), substituted “For purposes of this section, the” for “The”.
  • (g) Pub. L. 99–514, § 1807(a)(4)(A)(i), added subsec. (g).

§ 468B Special rules for designated settlement funds

§ 469 Passive activity losses and credits limited

§ 471 General rule for inventories

  • § 471 Pub. L. 99–514 designated existing provisions as subsec. (a) and added subsec. (b).

§ 474 Simplified dollar-value LIFO method for certain small businesses

  • § 474 Pub. L. 99–514 amended section generally, substituting provisions relating to election by eligible small business to…

§ 482 Allocation of income and deductions among taxpayers

  • § 482 Pub. L. 99–514 inserted at end “In the case of any transfer (or license) of intangible property (within the meaning of…

§ 483 Interest on certain deferred payments

  • (d)(3) Pub. L. 99–514 substituted “for which an issue price is determined under section 1273(b) (other than paragraph (4)…

§ 501 Exemption from tax on corporations, certain trusts, etc.

  • (c)(1)(A)(i) Pub. L. 99–514, § 1899A(15), substituted “July 18, 1984” for “the date of the enactment of the Tax Reform Act of 1984”.
  • (c)(14)(B)(iv) Pub. L. 99–514, § 1879(k)(1), added cl. (iv).
  • (c)(15) Pub. L. 99–514, § 1024(b), amended par. (15) generally. Prior to amendment, par. (15) read as follows: “Mutual…
  • (c)(17)(A)(ii) (c)(17)(A)(iii) (c)(18)(B) (c)(18)(C) Pub. L. 99–514, § 1114(b)(14), as amended by Pub. L. 100–647, § 1018(u)(34), substituted “highly compensated employees…
  • (c)(18)(D) Pub. L. 99–514, § 1109(a), added subpar. (D).
  • (c)(25) Pub. L. 99–514, § 1603(a), added par. (25).
  • (m) (n) Pub. L. 99–514, § 1012(a), added subsec. (m) and redesignated former subsec. (m) as (n).

§ 505 Additional requirements for organizations described in paragraph (9) or (17) of section 501(c)

  • (a)(1) Pub. L. 99–514, § 1851(c)(1), struck out “of an employer” before “shall”.
  • (a)(2) Pub. L. 99–514, § 1851(c)(4), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Paragraph (1)…
  • (b)(1) Pub. L. 99–514, § 1851(c)(2), (3), substituted “as otherwise provided in this subsection” for “as provided in paragraph…
  • (b)(2) Pub. L. 99–514, § 1151(g)(6), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “For purposes…
  • (b)(4) Pub. L. 99–514, § 1151(e)(2)(B), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “For…
  • (b)(5) Pub. L. 99–514, § 1114(b)(16), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “For purposes…
  • (b)(6) Pub. L. 99–514, § 1151(j)(3), added par. (6).
  • (c)(2) Pub. L. 99–514, § 1899A(16), substituted “July 18, 1984” for “the date of the enactment of the Tax Reform Act of 1984”.

§ 512 Unrelated business taxable income

  • (a)(3)(E)(i) Pub. L. 99–514, § 1851(a)(10)(A), substituted “determined under section 419A (without regard to subsection (f)(6)…
  • (a)(3)(E)(ii) Pub. L. 99–514, § 1851(a)(10)(B), (C), redesignated cl. (iii) as (ii), in subcl. I substituted “an existing reserve”…
  • (a)(3)(E)(iii) (a)(3)(E) Pub. L. 99–514, § 1851(a)(10)(B), (D), redesignated former cl. (iv) as (iii) and substituted “subparagraph shall not”…

§ 513 Unrelated trade or business

  • (d)(3)(B) Pub. L. 99–514, § 1602(a), inserted “or to educate persons in attendance regarding new developments or products and…
  • (d)(3)(C) Pub. L. 99–514, § 1602(b), substituted “section 501(c)(3), (4), (5), or (6)” for “section 501(c)(5) or (6)” and…
  • (h) Pub. L. 99–514, § 1601(a), added subsec. (h).

§ 514 Unrelated debt-financed income

  • (c)(9)(B) Pub. L. 99–514, § 1878(e)(1), as amended by Pub. L. 100–647, § 1018(u)(13)(A), which directed amendment of penultimate…
  • (c)(9)(B) Pub. L. 99–514, § 1878(e)(3), as amended by Pub. L. 100–647, § 1018(u)(13)(B), amended concluding provisions generally.…
  • (c)(9)(B)(vi) Pub. L. 99–514, § 1878(e)(3), as amended by Pub. L. 100–647, § 1018(u)(13)(B), amended cl. (vi) generally. Prior to…
  • (c)(9)(B)(vi)(II) Pub. L. 99–514, § 201(d)(9), substituted “section 168(h)(6)” for “section 168(j)(9)”.
  • (c)(9)(C)(i) Pub. L. 99–514, § 1878(e)(2), substituted “section 509(a)(3)” for “section 509(a)”.
  • (c)(9)(C)(iii) Pub. L. 99–514, § 1603(b), added cl. (iii).

§ 527 Political organizations

  • (g)(1) Pub. L. 99–514, § 112(b)(1)(A), substituted “paragraph (3)” for “section 24(c)(2)”.
  • (g)(3) Pub. L. 99–514, § 112(b)(1)(B), added par. (3).

§ 532 Corporations subject to accumulated earnings tax

  • (b) Pub. L. 99–514 added par. (4).

§ 535 Accumulated taxable income

  • (b)(5)(C)(i) (b)(8)(C) Pub. L. 99–514, § 1899A(17), substituted “July 18, 1984” for “the date of the enactment of the Tax Reform Act of 1984”.
  • (b)(9) Pub. L. 99–514, § 1225(a), added par. (9).

§ 541 Imposition of personal holding company tax

  • § 541 Pub. L. 99–514 substituted “28 percent (38.5 percent in the case of taxable years beginning in 1987)” for “50 percent”.

§ 542 Definition of personal holding company

  • (c) Pub. L. 99–514 added par. (10).

§ 543 Personal holding company income

  • (a)(1)(B) Pub. L. 99–514, § 1899A(18), substituted “46 U.S.C. App.” for “46 U.S.C.”.
  • (a)(1)(C) Pub. L. 99–514, § 645(a)(1), added subpar. (C).
  • (a)(4) Pub. L. 99–514, § 645(a)(4)(A), inserted “This paragraph shall not apply to active business computer software…
  • (b)(3)(E) Pub. L. 99–514, § 645(a)(4)(B), added subpar. (E).
  • (d) Pub. L. 99–514, § 645(a)(2), added subsec. (d).

§ 545 Undistributed personal holding company income

  • (b)(7) Pub. L. 99–514 added par. (7).

§ 562 Rules applicable in determining dividends eligible for dividends paid deduction

  • (b)(1) Pub. L. 99–514, § 1804(d)(1), inserted at end “Except to the extent provided in regulations, the preceding sentence…
  • (c) Pub. L. 99–514, § 657(a), inserted at end “In the case of a distribution by a regulated investment company to a…

§ 582 Bad debts, losses, and gains with respect to securities held by financial institutions

  • (c)(1) Pub. L. 99–514, § 901(d)(3)(A), substituted “referred to in paragraph (5)” for “to which section 585, 586, or 593…
  • (c)(1) Pub. L. 99–514, § 671(b)(4), inserted “For purposes of the preceding sentence, any regular or residual interest in a…
  • (c) Pub. L. 99–514, § 901(d)(3)(B), added par. (5).

§ 584 Common trust funds

  • (c) Pub. L. 99–514, § 612(b)(2)(B), substituted “1 year” for “6 months” wherever appearing in pars. (1) and (2).
  • (c) Pub. L. 99–514, § 612(b)(2)(A), amended subsec. (c) generally, restating subpars. (A) to (C) of former par. (1) as…

§ 585 Reserves for losses on loans of banks

  • (a) Pub. L. 99–514, § 901(a)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “This…
  • (b)(1) Pub. L. 99–514, § 901(d)(1), substituted “subsection (a)” for “section 166(c)”.
  • (c) Pub. L. 99–514, § 901(a)(2), added subsec. (c).

§ 593 Reserves for losses on loans

  • (a) Pub. L. 99–514, § 901(b)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “This…
  • (b)(1) Pub. L. 99–514, § 901(d)(2)(A), (B), in introductory provisions, substituted “subsection (a)” for “section 166(c)” and…
  • (b)(2)(A) Pub. L. 99–514, § 901(b)(2)(A), added subpar. (A) and struck out former subpar. (A) which provided that subject to…
  • (b)(2)(B) Pub. L. 99–514, § 901(b)(2)(A), added subpar. (B), which incorporated provisions of former subpar. (C), relating to…
  • (b)(2)(C) Pub. L. 99–514, § 901(b)(2)(A), (B), redesignated former subpar. (D) as (C) and struck out former subpar. (C) which…
  • (b)(2)(D) Pub. L. 99–514, § 901(b)(2)(B), (d)(2)(B), redesignated subpar. (E) as (D) and substituted in cl. (iv) “8 percent” for…
  • (b)(2) Pub. L. 99–514, § 901(b)(2)(B), redesignated subpar. (E) as (D).
  • (b)(2) Pub. L. 99–514, § 311(b)(2), redesignated former cl. (v) as (iv), and struck out former cl. (iv) which read as follows…
  • (b)(3) (b) Pub. L. 99–514, § 901(b)(3), redesignated par. (4) as (3) and struck out former par. (3) which read as follows: “The…
  • (b) Pub. L. 99–514, § 901(b)(3), struck out par. (5) which read as follows: “For purposes of paragraph (3), the amount…
  • (d)(4) Pub. L. 99–514, § 671(b)(2), added par. (4).
  • (e)(1)(B) Pub. L. 99–514, § 901(d)(2)(C), substituted “subsection (b)(3)” for “subsection (B)(4)”.

§ 597 Treatment of transactions in which Federal financial assistance provided

  • § 597 Pub. L. 99–514, § 904(b)(1), (c)(2)(A), as amended by Pub. L. 100–647, title IV, § 4012(a)(2), which (applicable to…

§ 613 Percentage depletion

  • (e) Pub. L. 99–514 added par. (4).

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

  • (d)(1) Pub. L. 99–514, § 104(b)(9), struck out “(reduced in the case of an individual by the zero bracket amount)” after…
  • (d)(5) Pub. L. 99–514, § 412(a)(1), added par. (5).

§ 616 Development expenditures

  • (a) Pub. L. 99–514, § 411(b)(2)(C)(i), inserted reference to subsec. (d).
  • (d) (e) Pub. L. 99–514, § 411(b)(2)(A), added subsec. (d) and redesignated former subsec. (d) as (e).

§ 617 Deduction and recapture of certain mining exploration expenditures

  • (d)(5) Pub. L. 99–514, § 413(b), added par. (5).
  • (h) Pub. L. 99–514, § 411(b)(2)(B), amended subsec. (h) generally, substituting provisions relating to special rules for…

§ 631 Gain or loss in the case of timber, coal, or domestic iron ore

  • (c) Pub. L. 99–514 substituted “If for the taxable year of such gain or loss the maximum rate of tax imposed by this…

§ 642 Special rules for credits and deductions

  • (a) Pub. L. 99–514, § 112(b)(2), amended subsec. (a) generally, substituting “Foreign tax credit allowed” for “Credits…
  • (c)(4) Pub. L. 99–514, § 301(b)(6), in heading, substituted “Coordination with section 681” for “Adjustments”, and in text…
  • § 642 Pub. L. 99–514, § 612(b)(3), struck out subsec. (j) which provided a cross reference to section 116(c)(3).

§ 643 Definitions applicable to subparts A, B, C, and D

  • (a)(3) Pub. L. 99–514, § 301(b)(7), struck out “The deduction under section 1202 (relating to deduction for excess of capital…
  • (a)(7) Pub. L. 99–514, § 612(b)(4), struck out par. (7), dividends or interest, which read as follows: “There shall be…
  • (d) Pub. L. 99–514, § 1806(c)(1), redesignated subsec. (d), relating to treatment of property distributed in kind, as (e).…
  • (e) Pub. L. 99–514, § 1806(a), (c)(1), redesignated subsec. (d) relating to treatment of property distributed in kind as…
  • (f) Pub. L. 99–514, § 1806(c)(2), redesignated subsec. (e) as (f).
  • (g) Pub. L. 99–514, § 1404(b), added subsec. (g).

§ 644 Taxable year of trusts

§ 665 Definitions applicable to subpart D

  • (d)(1) Pub. L. 99–514 substituted “part IV” for “subpart A of part IV”.

§ 667 Treatment of amounts deemed distributed by trust in preceding years

  • (b)(2) Pub. L. 99–514 amended par. (2) generally. Prior to amendment, par. (2) read as follows: “For purposes of paragraph…

§ 672 Definitions and rules

  • (e) Pub. L. 99–514 added subsec. (e).

§ 673 Reversionary interests

  • § 673 Pub. L. 99–514 amended section generally, substituting “the value of such interest exceeds 5 percent of the value of…

§ 674 Power to control beneficial enjoyment

  • (b)(2) Pub. L. 99–514 substituted “occurrence of event” for “expiration of 10-year period” in heading and in text substituted…

§ 676 Power to revoke

  • (b) Pub. L. 99–514 substituted “occurrence of event” for “expiration of 10-year period” in heading and in text substituted…

§ 677 Income for benefit of grantor

  • (a) Pub. L. 99–514 substituted “the occurrence of an event” for “the expiration of a period” and “the occurrence of the…

§ 691 Recipients of income in respect of decedents

  • (c)(3) Pub. L. 99–514, § 1432(a)(3), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “For purposes…
  • (c)(4) Pub. L. 99–514, § 301(b)(8), substituted “capital gain provisions” for “capital gain deduction, etc.” in heading and in…

§ 692 Income taxes of members of Armed Forces, astronauts, and victims of certain terrorist attacks on death

  • (b) Pub. L. 99–514 amended last sentence generally. Prior to amendment, sentence read as follows: “The preceding sentence…

§ 702 Income and credits of partner

  • (a)(5) Pub. L. 99–514 amended par. (5) generally. Prior to amendment, par. (5) read as follows: “dividends or interest with…

§ 703 Partnership computations

  • (b) Pub. L. 99–514 struck out former pars. (1) and (3) which related to elections under sections 57(c) and 163(d)…

§ 706 Taxable years of partner and partnership

  • (b) Pub. L. 99–514, § 806(a)(3), struck out “Adoption of” before “taxable year” in heading.
  • (b)(1) Pub. L. 99–514, § 806(a)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “The taxable…
  • (b)(4) Pub. L. 99–514, § 806(a)(2), added par. (4).
  • (d)(2)(A)(i) Pub. L. 99–514, § 1805(a)(1)(A), substituted “such item” for “each such item”.
  • (d)(2)(B) Pub. L. 99–514, § 1805(a)(1)(B), in introductory provisions, struck out “which are described in paragraph (1) and”…
  • (d)(2)(C)(i) Pub. L. 99–514, § 1805(a)(2), substituted “the first day of the taxable year” for “the first day of such taxable year”.

§ 707 Transactions between partner and partnership

  • (a)(2)(B)(iii) Pub. L. 99–514, § 1805(b), substituted “sale or exchange of property” for “sale of property”.
  • (b)(1) Pub. L. 99–514, § 1812(c)(3)(B), inserted at end “For purposes of section 267(a)(2), partnerships described in…
  • (b)(1)(A) Pub. L. 99–514, § 1812(c)(3)(A), substituted “a person” for “a partner”.
  • (b)(2)(A) Pub. L. 99–514, § 1812(c)(3)(A), substituted “a person” for “a partner”.
  • (b)(2)(A) Pub. L. 99–514, § 642(a)(2), substituted “50 percent” for “80 percent”.
  • (b)(2)(B) Pub. L. 99–514, § 642(a)(2), substituted “50 percent” for “80 percent”.

§ 751 Unrealized receivables and inventory items

  • (c) Pub. L. 99–514, § 1899A(19), substituted “section 617(f)(2)), stock” for “section 617(f)(2), stock” in second sentence.
  • (c) Pub. L. 99–514, § 201(d)(10), struck out “section 1245 recovery property (as defined in section 1245(a)(5)),” before…

§ 761 Terms defined

  • (e) Pub. L. 99–514 substituted “Distributions of partnership interests” for “Distributions” in heading, substituted “Except…

§ 801 Tax imposed

  • (a) Pub. L. 99–514 substituted “the amount allowable as a deduction under paragraph (2)” for “the amounts allowable as…

§ 804 Life insurance deductions

  • § 804 Pub. L. 99–514 redesignated par. (3) as (2), substituted “section 806(a)” for “section 806(b)”, and struck out former…

§ 805 General deductions

  • (a)(4)(B) Pub. L. 99–514, § 611(a)(5), substituted “80 percent” for “85 percent” in introductory provisions.
  • (a)(4)(B)(i) Pub. L. 99–514, § 1011(b)(4), struck out “the special life insurance company deduction and” before “the small life”.
  • (a)(4)(C) (a)(4)(D) (a)(4)(E) Pub. L. 99–514, § 1821(p), added subpars. (C) and (D), redesignated former subpar. (D) as (E), and struck out former…
  • (b)(2) Pub. L. 99–514, § 805(c)(6), redesignated par. (3) as (2). Former par. (2), which provided that section 166(c)…
  • (b)(2)(A)(iii) Pub. L. 99–514, § 1011(b)(4), which directed that subsec. (b)(3)(A)(iii) be amended by striking out “the special life…
  • (b)(3) (b)(4) (b) Pub. L. 99–514, § 805(c)(6), redesignated pars. (3) to (6) as (2) to (5), respectively.

§ 807 Rules for certain reserves

  • (c) Pub. L. 99–514, § 1023(b), inserted at end “For purposes of paragraph (2) and section 805(a)(1), the amount of the…
  • (c) Pub. L. 99–514, § 1821(a), inserted at end “In no case shall the amount determined under paragraph (3) for any contract…
  • (d) Pub. L. 99–514, § 1821(s), inserted at end “When the Secretary by regulation changes the table applicable to a type of…

§ 808 Policyholder dividends deduction

  • (d)(1)(B) Pub. L. 99–514, § 1821(b), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “determined…
  • (f) Pub. L. 99–514, § 1821(c), added subsec. (f).

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

  • (b) Pub. L. 99–514, § 1821(i)(1), inserted “or, where such rate is not used, another appropriate rate” after “assumed…
  • (b) Pub. L. 99–514, § 1821(i)(2), struck out “(including tax-exempt interest)” after “insurance gross income” in cl. (ii)…
  • § 812 Pub. L. 99–514, § 1821(i)(3), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: “For…
  • § 812 Pub. L. 99–514, § 1821(i)(4), added subsec. (g).

§ 816 Life insurance company defined

  • (h) Pub. L. 99–514 added subsec. (h).

§ 817 Treatment of variable contracts

  • (d) Pub. L. 99–514, § 1821(t)(1), inserted at end “Paragraph (3) shall be applied without regard to whether there is a…
  • (h)(1) Pub. L. 99–514, § 1821(m)(2), struck out last sentence which read as follows: “For purposes of this paragraph and…
  • (h)(3) (h)(4) (h)(5) Pub. L. 99–514, § 1821(m)(1), added pars. (3) and (4), redesignated former par. (4) as (5), and struck out former par.…

§ 818 Other definitions and special rules

  • (a)(3) Pub. L. 99–514, § 1136(b), substituted “(26), and (27)” for “and (26)”.
  • (a)(3) Pub. L. 99–514, § 1112(d)(4), substituted “(22), and (26)” for “and (22)”.
  • (a)(3) Pub. L. 99–514, § 1106(d)(3)(C), inserted “(17),” after “(16),”.
  • (a)(6)(A) Pub. L. 99–514, § 1821(n), in amending subpar. (A) generally, inserted “an eligible State deferred compensation plan…
  • (e) Pub. L. 99–514, § 1821(o), amended subsec. (e) generally. Prior to amendment, subsec. (e) read as follows: “If an…

§ 831 Tax on insurance companies other than life insurance companies

  • § 831 Pub. L. 99–514 amended section generally, substituting provisions imposing taxes on insurance companies other than life…

§ 832 Insurance company taxable income

  • (b)(1)(C) Pub. L. 99–514, § 1024(c)(1), substituted “exclusively issuing perpetual policies” for “described in section…
  • (b)(1)(D) Pub. L. 99–514, § 1024(c)(2), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: “in the…
  • (b)(4) Pub. L. 99–514, § 1024(c)(3), substituted “paragraph (1)(D)” for “section 831(a)(3)(B)” in two places and amended last…
  • (b)(4)(B) (b)(4)(C) Pub. L. 99–514, § 1021(a), added subpars. (B) and (C) and struck out former subpar. (B) which read as follows: “To the…
  • (b)(5)(A) Pub. L. 99–514, § 1022(a), in amending par. (5) generally, designated existing provisions of par. (5) as subpar. (A)…
  • (b)(5)(A)(ii) Pub. L. 99–514, § 1023(a)(1), amended cl. (ii) generally, inserting “on life insurance contracts plus all discounted…
  • (b)(5)(B) (b)(5)(C) (b)(5)(D) (b)(5)(E) Pub. L. 99–514, § 1022(a), in amending par. (5) generally, added subpars. (B) to (E). Former subpar. (B) redesignated…
  • (b)(6) Pub. L. 99–514, § 1023(a)(2), inserted second sentence defining “expenses unpaid”.
  • (b)(7) (b)(8) Pub. L. 99–514, § 1021(b), added pars. (7) and (8).
  • (c)(5) Pub. L. 99–514, § 1024(c)(4), substituted “section 834(b)” for “section 822(b)”.
  • (c)(11) Pub. L. 99–514, § 1024(c)(5), substituted “subsection (b)(1)(C)” for “section 831(a)(3)(A)” and “subsection (b)(1)(D)”…
  • (f) Pub. L. 99–514, § 1024(c)(6), added subsec. (f).

§ 833 Treatment of Blue Cross and Blue Shield organizations, etc.

§ 834 Determination of taxable investment income

  • § 834 Pub. L. 99–514, § 1024(a)(3), renumbered section 822 of this title as this section.
  • (a) Pub. L. 99–514, § 1024(c)(7), amended subsec. (a) generally. Prior to amendment, subsec. (a), definitions, read as…
  • (d) Pub. L. 99–514, § 1024(c)(8), substituted “section 831” for “section 821” in pars. (1) and (2), and inserted “except in…

§ 835 Election by reciprocal

  • § 835 Pub. L. 99–514, § 1024(a)(3), renumbered section 826 of this title as this section.
  • (d) Pub. L. 99–514, § 1024(c)(9)(A), redesignated subsec. (e) as (d) and struck out former subsec. (d), special rule, which…
  • (e) Pub. L. 99–514, § 1024(c)(9), redesignated subsec. (f) as (e), substituted “Benefits of graduated rates” for “Surtax…
  • (f) (g) § 835 Pub. L. 99–514, § 1024(c)(9)(A), redesignated subsecs. (f) to (h) as (e) to (g), respectively.

§ 841 Credit for foreign taxes

  • § 841 Pub. L. 99–514 substituted “section 801 or 831” for “section 801, 821, or 831” in introductory provisions, redesignated…

§ 842 Foreign companies carrying on insurance business

  • § 842 Pub. L. 99–514 struck out reference to part III of this subchapter.

§ 846 Discounted unpaid losses defined

§ 851 Definition of regulated investment company

  • (a)(1) Pub. L. 99–514, § 652(a), substituted “as a management company, business development company, or unit investment trust”…
  • (b) Pub. L. 99–514, § 1235(f)(3), inserted “or 1293(a)” and “or 1293(c) (as the case may be)”, in concluding provision.
  • (b) Pub. L. 99–514, § 653(c), inserted before last sentence “For purposes of paragraph (2), the Secretary may by regulation…
  • (b)(2) Pub. L. 99–514, § 653(b), inserted “(as defined in section 2(a)(36) of the Investment Company Act of 1940, as amended)…
  • (e)(1) Pub. L. 99–514, § 652(b), substituted “registered management company or registered business development company” for…
  • (g) Pub. L. 99–514, § 653(a), added subsec. (g).
  • § 851 Pub. L. 99–514, § 654(a), added subsec. (q).

§ 852 Taxation of regulated investment companies and their shareholders

  • (a)(2) (a) Pub. L. 99–514, § 1878(j)(1), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: “the…
  • (b)(1) Pub. L. 99–514, § 1878(j)(2), substituted last sentence for former last sentence which read as follows: “In the case of…
  • (b)(3)(C) Pub. L. 99–514, § 655(a)(1), substituted “60 days” for “45 days”.
  • (b)(3)(C) Pub. L. 99–514, § 651(b)(3), inserted provision for determination of the amount of the net capital gain for a taxable…
  • (b)(3)(D)(i) Pub. L. 99–514, § 655(a)(1), substituted “60 days” for “45 days”.
  • (b)(3)(D)(iii) Pub. L. 99–514, § 311(b)(1), substituted “66 percent” for “72 percent”.
  • (b)(4) Pub. L. 99–514, § 1804(c)(5), substituted “6 months or less” for “less than 31 days” in heading.
  • (b)(4)(B)(ii) Pub. L. 99–514, § 1804(c)(1), substituted “6 months or less” for “less than 31 days”.
  • (b)(4)(C) Pub. L. 99–514, § 1804(c)(2), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “For…
  • (b)(4)(D) Pub. L. 99–514, § 1804(c)(3), substituted “subparagraphs (A) and (B)” for “subparagraph (A)”.
  • (b)(4)(E) Pub. L. 99–514, § 1804(c)(4), added subpar. (E).
  • (b)(5)(A) Pub. L. 99–514, § 655(a)(2), substituted “60 days” for “45 days”.
  • (b)(5) Pub. L. 99–514, § 1173(b)(1)(B), added subpar. (C).
  • (b)(6) Pub. L. 99–514, § 651(b)(1)(A), added par. (6) relating to time certain dividends are taken into account.
  • (b)(6) Pub. L. 99–514, § 631(e)(11), added par. (6) relating to inapplicability of section 311(b) to certain distributions.
  • (c) Pub. L. 99–514, § 651(b)(2), amended subsec. (c) generally, designating existing provisions as par. (1), inserting…
  • (e)(3)(A) Pub. L. 99–514, § 1511(c)(6), substituted “the underpayment rate established under section 6621” for “the annual rate…

§ 853 Foreign tax credit allowed to shareholders

  • (c) Pub. L. 99–514 substituted “60 days” for “45 days”.

§ 854 Limitations applicable to dividends received from regulated investment company

  • (a) Pub. L. 99–514, § 612(b)(6)(A), which directed that “section 116 (relating to an exclusion for dividends received by…
  • (b)(1)(B) (b)(1)(C) Pub. L. 99–514, § 612(b)(6)(B)(i), (ii), redesignated subpar. (C) as (B), struck out “or (B)” before “shall not…
  • (b)(2) Pub. L. 99–514, § 655(a)(4), substituted “60 days” for “45 days”.
  • (b)(2) Pub. L. 99–514, § 612(b)(6)(B)(iii), struck out “the exclusion under section 116 and” before “the deduction under…
  • (b)(3)(B) Pub. L. 99–514, § 612(b)(6)(B)(iv), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…

§ 855 Dividends paid by regulated investment company after close of taxable year

  • (b) Pub. L. 99–514, § 651(b)(1)(B), substituted “Except as provided in section 852(b)(6), amounts” for “Amounts”.
  • (c) Pub. L. 99–514, § 655(a)(5), substituted “60 days” for “45 days”.

§ 856 Definition of real estate investment trust

  • (a)(4) Pub. L. 99–514, § 901(d)(4)(E), substituted “referred to in section 582(c)(5)” for “to which section 585, 586, or 593…
  • (a)(6) Pub. L. 99–514, § 661(a)(1), amended par. (6) generally. Prior to amendment, par. (6) read as follows: “which would not…
  • (c)(3)(I) Pub. L. 99–514, § 662(b)(1), added subpar. (I).
  • (c)(6)(B) Pub. L. 99–514, § 662(b)(2), inserted “Such term also includes any property (not otherwise a real estate asset)…
  • (c)(6) Pub. L. 99–514, § 671(b)(1), added subpar. (D) relating to REMIC interest. Former subpar. (D) redesignated (E).
  • (c)(6) Pub. L. 99–514, § 662(b)(3), added subpar. (D) relating to qualified temporary investment income. Former subpar. (D)…
  • (c)(6) Pub. L. 99–514, §§ 662(b)(3), 671(b)(1), made identical redesignations of former subpar. (D) as (E).
  • (d)(2) Pub. L. 99–514, § 663(a), (b)(3), inserted reference to par. (6) in subpar. (A) and inserted at end “Subparagraph (C)…
  • (d)(6) Pub. L. 99–514, § 663(b)(1), added par. (6).
  • (f) Pub. L. 99–514, § 663(b)(2), amended subsec. (f) generally, restating former introductory provisions and par. (1) as…
  • (h) Pub. L. 99–514, § 661(a)(2), added subsec. (h).
  • (i) Pub. L. 99–514, § 662(a), added subsec. (i).
  • (j) Pub. L. 99–514, § 662(c), added subsec. (j).

§ 857 Taxation of real estate investment trusts and their beneficiaries

  • (a) Pub. L. 99–514, § 661(b), struck out “and” at end of par. (1), substituted “, and” for the period at end of par. (2)…
  • (a)(1)(B) Pub. L. 99–514, § 664(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the sum of—
  • (b)(2)(F) Pub. L. 99–514, § 666(b)(2), struck out “and there shall be included an amount equal to any net loss derived from…
  • (b)(3)(C) Pub. L. 99–514, § 668(b)(3), inserted at end “For purposes of this subparagraph, the amount of the net capital gain for…
  • (b)(3)(C) Pub. L. 99–514, § 665(a)(2), (b)(1), inserted “(or mailed to its shareholders or holders of beneficial interests with…
  • (b)(3)(D) Pub. L. 99–514, § 665(a)(1), added subpar. (D).
  • (b)(6)(B)(ii) Pub. L. 99–514, § 666(b)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the term ‘net…
  • (b)(6)(C)(ii) Pub. L. 99–514, § 666(a)(2), substituted “30 percent” for “20 percent”.
  • (b)(6)(C)(iii) Pub. L. 99–514, § 666(a)(1), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “during the…
  • (b)(6)(C)(v) Pub. L. 99–514, § 666(a)(3), added cl. (v).
  • (b)(8) Pub. L. 99–514, § 668(b)(1)(A), added par. (8).
  • (c) Pub. L. 99–514, § 612(b)(7), which directed that “section 116 (relating to an exclusion for dividends received by…
  • (d) Pub. L. 99–514, § 668(b)(2), amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “The…
  • (e) (f) Pub. L. 99–514, § 664(b), added subsec. (e) and redesignated former subsec. (e) as (f).

§ 858 Dividends paid by real estate investment trust after close of taxable year

  • (b) Pub. L. 99–514, § 668(b)(1)(B), as amended by Pub. L. 100–647, § 1018(u)(27), substituted “Except as provided in…
  • (c) Pub. L. 99–514, § 665(b)(2), inserted “(or mailed to its shareholders or holders of beneficial interests with its…

§ 859 Adoption of annual accounting period

  • § 859 Pub. L. 99–514 designated existing provisions as subsec. (a) and added subsec. (b).

§ 860 Deduction for deficiency dividends

  • § 860 Pub. L. 99–514 substituted “regulated investment company” for “qualified investment entity”.

§ 860A Taxation of REMIC’s

§ 860B Taxation of holders of regular interests

§ 860C Taxation of residual interests

§ 860D REMIC defined

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

§ 860F Other rules

§ 860G Other definitions and special rules

§ 861 Income from sources within the United States

  • (a)(1) Pub. L. 99–514, § 1241(b)(1)(A), substituted “noncorporate residents or domestic corporations” for “residents…
  • (a)(1)(A) Pub. L. 99–514, § 1214(a)(1), (c)(5)(A), amended subpar. (B) generally and redesignated it as (A). Prior to amendment…
  • (a)(1)(B) Pub. L. 99–514, § 1241(b)(1)(B), redesignated subpar. (D), as previously redesignated and amended by § 1214(c)(5)(A)…
  • (a)(1)(B) Pub. L. 99–514, § 1214(c)(5)(A), (B), redesignated former subpar. (F) as (D), substituted in cl. (ii), “subparagraph…
  • (a)(1) Pub. L. 99–514, § 1241(b)(1)(B), redesignated subpar. (E), as previously redesignated by § 1214(c)(5)(A) of Pub. L.…
  • (a)(1) Pub. L. 99–514, § 1214(c)(5)(A), redesignated subpar. (D) as (C). Former subpar. (C) redesignated (B).
  • (a)(1) Pub. L. 99–514, § 1214(c)(5)(A), redesignated subpar. (H) as (F). Pub. L. 99–514, § 1241(b)(1)(B), then redesignated…
  • (a)(1) Pub. L. 99–514, § 1241(b)(1)(B), redesignated subpar. (E), as previously redesignated by § 1214(c)(5)(A) of Pub. L.…
  • (a)(1) Pub. L. 99–514, § 1214(c)(5)(A), redesignated subpar. (G) as (E) and struck out former subpar. (E) which read as…
  • (a)(1) Pub. L. 99–514, §§ 1214(c)(5)(A), 1241(b)(1)(B), redesignated successively former subpar. (F) as (D) and (B)…
  • (a)(1) Pub. L. 99–514, §§ 1214(c)(5)(A), 1241(b)(1)(B), redesignated successively former subpar. (G) as (E) and (C)…
  • (a)(1) Pub. L. 99–514, §§ 1214(c)(5)(A), 1241(b)(1)(B), redesignated successively former subpar. (H) as (F) and (D)…
  • (a)(2)(A) Pub. L. 99–514, § 1214(b), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “from a…
  • (a)(2)(B) Pub. L. 99–514, § 1241(b)(2), substituted “25 percent” for “50 percent” and inserted “(or treated as effectively…
  • (a)(6) Pub. L. 99–514, § 1211(b)(1)(B), substituted “inventory property (within the meaning of section 865(h)(1))” for…
  • (b) Pub. L. 99–514, § 104(b)(11), substituted “the standard deduction” for “the zero bracket amount”.
  • (c) Pub. L. 99–514, § 1214(a)(2), amended subsec. (c) generally, substituting provisions relating to foreign business…
  • (d) Pub. L. 99–514, § 1214(c)(5)(C), amended subsec. (d) generally, substituting provision for special rule for application…
  • (e) § 861 Pub. L. 99–514, § 1212(d), redesignated subsec. (f) as (e) and struck out former subsec. (e) relating to treatment of…

§ 862 Income from sources without the United States

  • (a)(6) Pub. L. 99–514, § 1211(b)(1)(C), substituted “inventory property (within the meaning of section 865(h)(1))” for…
  • (b) Pub. L. 99–514, § 104(b)(12), substituted “the standard deduction” for “the zero bracket amount”.

§ 863 Special rules for determining source

  • (b)(1) Pub. L. 99–514, § 1212(e), substituted “services” for “transportation or other services”.
  • (b)(2) (b)(3) Pub. L. 99–514, § 1211(b)(1)(A), substituted “inventory property (within the meaning of section 865(h)(1))” for…
  • (c)(2) Pub. L. 99–514, § 1212(a), amended par. (2) generally, in subpar. (A) substituting provisions relating to other…
  • (d) (e) Pub. L. 99–514, § 1213(a), added subsecs. (d) and (e).

§ 864 Definitions and special rules

  • § 864 Pub. L. 99–514, § 1215(b)(1), inserted “and special rules” in section catchline.
  • (c)(1)(A) Pub. L. 99–514, § 1242(b)(1), inserted reference to pars. (6) and (7).
  • (c)(1)(B) Pub. L. 99–514, § 1242(b)(2), inserted “paragraph (6) or (7) or in”.
  • (c)(2) Pub. L. 99–514, § 1899A(21), inserted a comma between “section 871(h)” and “section 881(a)”.
  • (c)(4)(B)(iii) Pub. L. 99–514, § 1211(b)(2), struck out cl. (iii), which read as follows: “is derived from the sale or exchange…
  • (c)(6) (c)(7) Pub. L. 99–514, § 1242(a), added pars. (6) and (7).
  • (d)(5)(A) Pub. L. 99–514, § 1201(d)(4), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “Subparagraphs…
  • (d)(5)(A) Pub. L. 99–514, § 1810(c)(3), inserted “and subparagraph (J) of section 904(d)(3) (relating to interest from members of…
  • (d)(5)(A) Pub. L. 99–514, § 1223(b)(1), substituted “less than 5 percent or $1,000,000” for “less than 10 percent”.
  • (d)(5)(A) Pub. L. 99–514, § 1221(a)(2), amended cl. (iii) generally, substituting “section 954(c)(2) (relating to certain export…
  • (d)(5)(A) Pub. L. 99–514, § 1221(a)(2), amended cl. (iv) generally, substituting “Clause (i) of section 954(c)(3)(A) (relating…
  • (d)(5)(B) Pub. L. 99–514, § 1275(c)(7), amended subpar. (B) generally, striking out cl. (i) heading, substituting “An amount” for…
  • (d)(7) (d)(8) Pub. L. 99–514, § 1810(c)(2), added par. (7) and redesignated former par. (7) as (8).
  • (e) Pub. L. 99–514, § 1215(a), added subsec. (e).

§ 865 Source rules for personal property sales

§ 871 Tax on nonresident alien individuals

  • (a)(1) Pub. L. 99–514, § 1810(d)(3)(A), substituted “subsection (h)” for “subsection (i)” in introductory provisions.
  • (a)(1)(C) Pub. L. 99–514, § 1810(e)(2)(A), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “in…
  • (a)(1)(D) Pub. L. 99–514, § 1211(b)(4), struck out “or from payments which are treated as being so contingent under subsection…
  • (a)(2) Pub. L. 99–514, § 301(b)(9), struck out “such gains and losses shall be determined without regard to section 1202…
  • (e) Pub. L. 99–514, § 1211(b)(5), struck out subsec. (e) which related to gains from sale or exchange of certain intangible…
  • (h)(2) Pub. L. 99–514, § 1810(d)(1)(A), (3)(B), inserted “which would be subject to tax under subsection (a) but for this…
  • (h)(3)(C)(ii) (h)(3)(C)(iii) Pub. L. 99–514, § 1810(d)(2), added cl. (ii) and redesignated former cl. (ii) as (iii).
  • (i) (j) Pub. L. 99–514, § 1214(c)(1), added subsec. (i) and redesignated former subsec. (i) as (j).

§ 872 Gross income

  • (b)(1) Pub. L. 99–514, § 1212(c)(1), added par. (1) and struck out former par. (1), ships under foreign flag, which read as…
  • (b)(2) Pub. L. 99–514, § 1212(c)(1), added par. (2) and struck out former par. (2), aircraft of foreign registry, which read…
  • (b)(5) (b)(6) Pub. L. 99–514, § 1212(c)(2), added pars. (5) and (6).

§ 876 Alien residents of Puerto Rico, Guam, American Samoa, or the Northern Mariana Islands

  • § 876 Pub. L. 99–514, § 1272(b), inserted “, Guam, American Samoa, or the Northern Mariana Islands” in section catchline.
  • (a) Pub. L. 99–514, § 1272(b), amended subsec. (a) generally, substituting “General rule” for “No application to certain…
  • (b) Pub. L. 99–514, § 1272(b), amended subsec. (b) generally, inserting references to Guam, American Samoa, and the…

§ 877 Expatriation to avoid tax

  • (c) Pub. L. 99–514 inserted at end “For purposes of this section, gain on the sale or exchange of property which has a…

§ 879 Tax treatment of certain community income in the case of nonresident alien individuals

  • (c)(3) Pub. L. 99–514 substituted “section 7703(a)” for “section 143(a)”.

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

  • (a)(3)(A) Pub. L. 99–514, § 1810(e)(2)(B), amended subpar. (A) generally, striking out “any gain not in excess of” before “the…
  • (a)(3)(B) Pub. L. 99–514, § 1810(e)(2)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the…
  • (a)(4) Pub. L. 99–514, § 1211(b)(6), struck out “or from payments which are treated as being so contingent under section…
  • (b)(1) Pub. L. 99–514, § 1273(b)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “For purposes…
  • (b)(2) Pub. L. 99–514, § 1273(b)(1), (2)(A), redesignated par. (3) as (2) and struck out former par. (2) which provided that…
  • (b)(2)(A) Pub. L. 99–514, § 1899A(22), substituted “paragraph” for “Paragraph”.
  • (b)(3) (b) Pub. L. 99–514, § 1273(b)(2)(A), redesignated par. (3) as (2) and struck out par. (4) which provided a cross reference…
  • (c) Pub. L. 99–514, § 1899A(68), made clarifying amendment to directory language of Pub. L. 98–369, § 127(b)(1). See 1984…
  • (c)(2) Pub. L. 99–514, § 1810(d)(1)(B), (3)(C), inserted “which would be subject to tax under subsection (a) but for this…
  • (c)(3)(C) Pub. L. 99–514, § 1899A(23), inserted a closing parenthesis following “section 864(d)(4)”.
  • (c)(4) Pub. L. 99–514, § 1223(b)(2), substituted “less than 5 percent or $1,000,000” for “less than 10 percent”.
  • (d) (e) Pub. L. 99–514, § 1214(c)(2), added subsec. (d) and redesignated former subsec. (d) as (e).

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

  • (a)(1) Pub. L. 99–514, § 701(e)(4)(F), inserted reference to section 55.
  • (e) Pub. L. 99–514, § 1236(a), inserted “The preceding sentence shall not apply to any Guam corporation which is treated as…

§ 883 Exclusions from gross income

  • (a)(1) Pub. L. 99–514, § 1212(c)(3), added par. (1) and struck out former par. (1), ships under foreign flag, which read as…
  • (a)(2) Pub. L. 99–514, § 1212(c)(3), added par. (2) and struck out former par. (2), aircraft of foreign registry, which read…
  • (a)(4) Pub. L. 99–514, § 1212(c)(4), added par. (4).
  • (c) Pub. L. 99–514, § 1212(c)(5), added subsec. (c).

§ 884 Branch profits tax

§ 885 Cross references

  • § 885 Pub. L. 99–514 renumbered section 884 of this title as this section.

§ 887 Imposition of tax on gross transportation income of nonresident aliens and foreign corporations

§ 891 Doubling of rates of tax on citizens and corporations of certain foreign countries

  • § 891 Pub. L. 99–514 struck out reference to section 821.

§ 892 Income of foreign governments and of international organizations

  • § 892 Pub. L. 99–514 amended section generally. Prior to amendment, section read as follows: “The income of foreign…

§ 897 Disposition of investment in United States real property

  • (a)(2) Pub. L. 99–514, § 701(e)(4)(G), substituted “21-percent” for “20-percent” in heading and amended subpar. (A) generally.…
  • (d) Pub. L. 99–514, § 631(e)(12), in heading, struck out “, etc.,” after “distributions”, and in text, struck out heading…
  • (i)(1) (i)(4) Pub. L. 99–514, § 1810(f)(1), inserted reference to section 1445.

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

  • (h) Pub. L. 99–514, § 1876(p)(2), inserted closing parenthesis after “section 927(d)(6)”.
  • (i) Pub. L. 99–514, § 1204(a), added subsec. (i). Former subsec. (i) redesignated (j).
  • (i) Pub. L. 99–514, § 112(b)(3), substituted “section 642(a)” for “section 642(a)(1)”.
  • (j) Pub. L. 99–514, § 1204(a), redesignated former subsec. (i) as (j).

§ 904 Limitation on credit

  • (a) Pub. L. 99–514, § 104(b)(13), struck out last sentence “For purposes of the preceding sentence, in the case of an…
  • (b)(3)(C) Pub. L. 99–514, § 1211(b)(3), redesignated subpar. (E) as (C) and struck out former subpar. (C), exception for gain…
  • (b)(3)(D) Pub. L. 99–514, § 1211(b)(3), redesignated subpar. (F) as (D) and struck out former subpar. (D), gain from liquidation…
  • (b)(3)(E) (b)(3) Pub. L. 99–514, § 1211(b)(3), redesignated former subpars. (E) and (F) as (C) and (D), respectively.
  • (d) Pub. L. 99–514, § 1201(d)(1), substituted “certain categories of income” for “certain interest income and income from…
  • (d)(1) Pub. L. 99–514, § 1201(a), (d)(2), (3), inserted “and sections 902, 907, and 960” in introductory provisions, added…
  • (d)(1) Pub. L. 99–514, § 1899A(24), made technical correction clarifying heading. See 1984 Amendment note below.
  • (d)(1)(D) Pub. L. 99–514, § 1876(d)(2), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows…
  • (d)(2) Pub. L. 99–514, § 1201(b), added par. (2) and struck out former par. (2), interest income to which applicable, which…
  • (d)(2) Pub. L. 99–514, § 1810(b)(3), inserted at end “For purposes of this subsection, interest (after the operation of…
  • (d)(3) Pub. L. 99–514, § 1201(b), added par. (3) and struck out former par. (3) treating as interest certain amounts…
  • (d)(3)(C) Pub. L. 99–514, § 1810(b)(1), inserted at end “The preceding sentence shall not apply to any amount includible in gross…
  • (d)(3)(E) Pub. L. 99–514, § 1810(b)(4)(A), inserted at end:
  • (d)(3) Pub. L. 99–514, § 1810(b)(2), redesignated subpar. (I) as (J) and added a new subpar. (I), interest and dividends from…
  • (d)(3) Pub. L. 99–514, § 1810(b)(2), redesignated subpar. (I) as (J) and struck out former subpar. (J), interest from members…
  • (d)(4) (d)(5) Pub. L. 99–514, § 1201(b), added pars. (4) and (5).
  • (f)(5) Pub. L. 99–514, § 1203(a), added par. (5).
  • (g)(1)(A) Pub. L. 99–514, § 1235(f)(4)(A), added cl. (iii).
  • (g)(2) Pub. L. 99–514, § 1235(f)(4)(B), substituted “holding or passive foreign investment company” for “holding company” in…
  • (g) Pub. L. 99–514, § 1810(a)(1)(A), added par. (9) and redesignated former par. (9) as (10).
  • (i)(2) Pub. L. 99–514, § 701(e)(4)(H), struck out “by an individual” after “can be taken” and substituted “section 59(a)” for…

§ 906 Nonresident alien individuals and foreign corporations

  • (b)(6) Pub. L. 99–514, § 1876(d)(3), added par. (6) relating to credit for income, war profits, and excess profits taxes paid…
  • (b)(6) Pub. L. 99–514, § 1241(c), added par. (6) relating to credit against tax imposed by section 884.

§ 911 Citizens or residents of the United States living abroad

  • (b)(2)(A) Pub. L. 99–514, § 1233(a), in amending subpar. (A) generally, substituted “an annual rate of $70,000” for “the annual…
  • (d)(8) (d)(9) Pub. L. 99–514, § 1233(b), added par. (8) and redesignated former par. (8) as (9).

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

  • § 931 Pub. L. 99–514 amended section generally, substituting provisions relating to income from sources within Guam, American…

§ 932 Coordination of United States and Virgin Islands income taxes

§ 933 Income from sources within Puerto Rico

  • § 933 Pub. L. 99–514 inserted “, or any credit,” in pars. (1) and (2).

§ 934 Limitation on reduction in income tax liability incurred to the Virgin Islands

  • (a) Pub. L. 99–514, § 1275(c)(2)(A), struck out “or (c) or in section 934A” after “subsection (b)”.
  • (b) Pub. L. 99–514, § 1275(c)(1), (2)(B), added subsec. (b) and struck out former subsec. (b) which excepted from subsec.…
  • § 934 Pub. L. 99–514, § 1275(c)(1), struck out subsec. (c) which provided an exception to subsec. (a) of this section for…
  • § 934 Pub. L. 99–514, § 1275(c)(1), struck out subsec. (d) which related to requirement to supply information.
  • § 934 Pub. L. 99–514, § 1275(a)(2)(A), struck out subsec. (e) which provided for tax treatment of intangible property income…
  • § 934 Pub. L. 99–514, § 1275(a)(2)(A), struck out subsec. (f) which provided a transitional rule for applying subsec. (b)(2)…
  • § 934 Pub. L. 99–514, § 1876(f)(2), struck out subsec. (f) which provided that subsec. (a) of this section not apply in the…

§ 951 Amounts included in gross income of United States shareholders

  • § 951 Pub. L. 99–514, § 1876(c)(2), struck out last sentence which read as follows: “For purposes of the preceding sentence…
  • § 951 Pub. L. 99–514, § 1235(c), added subsec. (f).

§ 952 Subpart F income defined

  • (a)(1) Pub. L. 99–514, § 1221(b)(3)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “the income…
  • (b) Pub. L. 99–514, § 1876(c)(1), inserted last sentence.
  • (c) Pub. L. 99–514, § 1221(f), added subsec. (c) and struck out former subsec. (c) which read as follows: “For purposes of…
  • (d) Pub. L. 99–514, § 1221(f), struck out subsec. (d), special rule in case of indirect ownership, which read as follows…

§ 953 Insurance income

  • § 953 Pub. L. 99–514, § 1221(b)(3)(D), substituted “Insurance income” for “Income from insurance of United States risks” in…
  • (a) Pub. L. 99–514, § 1221(b)(1), amended subsec. (a) generally, substituting provisions defining “insurance income” for…
  • (c) Pub. L. 99–514, § 1221(b)(2), added subsec. (c).

§ 954 Foreign base company income

  • (a) Pub. L. 99–514, § 1221(c)(3)(A)(ii), substituted “determined under subsection (g)” for “determined under subsection…
  • (b)(2) Pub. L. 99–514, § 1221(c)(1), struck out par. (2), exclusion for reinvested shipping income, which read as follows…
  • (b)(3) Pub. L. 99–514, § 1223(a), amended par. (3) generally. Prior to amendment, par. (3), special rule where foreign base…
  • (b)(4) Pub. L. 99–514, § 1221(d), amended par. (4) generally. Prior to amendment, par. (4), exception for foreign corporations…
  • (b)(5) Pub. L. 99–514, § 1201(c), inserted at end “Except to the extent provided in regulations prescribed by the Secretary…
  • (c) Pub. L. 99–514, § 1221(a)(1), amended subsec. (c) generally, substituting pars. (1) to (3) for former provisions which…
  • (d)(3) Pub. L. 99–514, § 1221(e), added subpars. (A) and (B) and concluding provisions and struck out former subpars. (A) to…
  • (e) Pub. L. 99–514, § 1810(k), in amending subsec. (e) generally, designated existing provisions as par. (1), added par.…
  • (e) Pub. L. 99–514, § 1221(b)(3)(B), and Pub. L. 100–647, § 1018(u)(38), struck out par. (3) as enacted by section 1810(k)…
  • (f) Pub. L. 99–514, § 1221(c)(2), inserted last sentence.
  • (g) (h) Pub. L. 99–514, § 1221(c)(3)(A)(i), redesignated subsec. (h) as (g) and struck out former subsec. (g), increase in…

§ 956 Investment of earnings in United States property

  • (b)(3)(A) Pub. L. 99–514 inserted “(other than subparagraph (H) thereof)”.

§ 957 Controlled foreign corporations; United States persons

  • (a) Pub. L. 99–514, § 1222(a)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “For…
  • (b) Pub. L. 99–514, § 1222(a)(2), inserted “(or more than 25 percent of the total value of stock)”.
  • (b) Pub. L. 99–514, § 1221(b)(3)(C), substituted “insurance income” for “income derived from insurance of United States…
  • (c) Pub. L. 99–514, § 1273(a), added par. (2) and concluding provisions and struck out former pars. (2) and (3) which read…
  • (c) Pub. L. 99–514, § 1224(a), redesignated subsec. (d) as (c) and struck out former subsec. (c) which provided…
  • § 957 Pub. L. 99–514, § 1224(a), redesignated subsec. (d) as (c).

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

  • (d) Pub. L. 99–514 inserted “; except that such distributions shall immediately reduce earnings and profits”.

§ 960 Deemed paid credit for subpart F inclusions

  • (a) Pub. L. 99–514 substituted “then, except to the extent provided in regulations, such domestic corporation shall be…

§ 985 Functional currency

§ 986 Determination of foreign taxes and foreign corporation’s earnings and profits

§ 987 Branch transactions

§ 988 Treatment of certain foreign currency transactions

§ 989 Other definitions and special rules

§ 995 Taxation of DISC income to shareholders

  • (b)(1)(F)(i) Pub. L. 99–514, § 1876(b)(2)(A), inserted “in the case of a shareholder which is a C corporation,”.
  • (b)(1)(F)(ii) Pub. L. 99–514, § 1876(b)(2)(B), substituted “16⁄17 of the excess referred to in clause (i),” for “the amount…
  • (f)(4) (f)(5) (f)(6) Pub. L. 99–514, § 1876(p)(1), redesignated as pars. (4), (5), and (6), respectively, former par. (3) relating to base…
  • (f)(7) Pub. L. 99–514, § 1876(g), added par. (7).

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

  • (a)(2) Pub. L. 99–514 inserted last sentence and struck out former last sentence which read as follows: “In the case of any…

§ 999 Reports by taxpayers; determinations

  • (c)(1) (c)(2) Pub. L. 99–514 repealed section 802(c)(3) of Pub. L. 98–369 thereby restoring former text. See 1984 Amendment note…

§ 1016 Adjustments to basis

  • (a) Pub. L. 99–514, § 1899A(25), which directed the amendment of pars. (23) to (26) by substituting a semicolon for a comma…
  • (a) Pub. L. 99–514, § 1303(b)(3), which directed the amendment of subsec. (a) by striking out par. (22) and redesignating…
  • (a) Pub. L. 99–514, § 241(b)(2), redesignated pars. (17) to (27) as (16) to (26), respectively, and struck out former par.…
  • (a)(24) Pub. L. 99–514, § 701(e)(4)(D), substituted “section 59(d)” for “section 58(i)”.

§ 1017 Discharge of indebtedness

  • (a)(2) Pub. L. 99–514, § 822(b)(4), substituted “or (b)(5)” for “, (b)(5), or (c)(1)(A)”.
  • (b)(3)(A) Pub. L. 99–514, § 822(b)(5), struck out “or (c)(1)(A)” after “subsection (b)(5)”.
  • (b)(4) Pub. L. 99–514, § 405(b), added par. (4).

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

  • (a)(3)(A) Pub. L. 99–514 substituted “on or before the day” for “before the day”.

§ 1035 Certain exchanges of insurance policies

  • (b)(1) Pub. L. 99–514 struck out “subject to tax under subchapter L” after “with an insurance company”.

§ 1041 Transfers of property between spouses or incident to divorce

  • (e) Pub. L. 99–514 added subsec. (e).

§ 1042 Sales of stock to employee stock ownership plans or certain cooperatives

  • § 1042 Pub. L. 99–514, § 1854(a)(11), which directed that “employee” be inserted before “stock” in section catchline was…
  • (a) Pub. L. 99–514, § 1854(a)(1), substituted “the taxpayer or executor elects in such form as the Secretary may prescribe”…
  • (b)(2) Pub. L. 99–514, § 1854(a)(2)(A), substituted “Plan must hold” for “Employees must own” in heading and amended text…
  • (b)(3) Pub. L. 99–514, § 1854(a)(3)(B), as amended by Pub. L. 100–647, § 1018(t)(4)(F), redesignated par. (4) as (3) and…
  • (b)(3)(B) Pub. L. 99–514, § 1854(f)(3)(B), amended subpar. (B) similar to amendment by section 1854(a)(9)(B) of Pub. L. 99–514…
  • (b)(3)(B) Pub. L. 99–514, § 1854(a)(9)(B), substituted “sections 4978 and 4979A” for “section 4978(a)”.
  • (b)(4) Pub. L. 99–514, § 1854(a)(3)(B), as amended by Pub. L. 100–647, § 1018(t)(4)(F), redesignated par. (4) as (3).
  • (c) Pub. L. 99–514, § 1899A(26), substituted “this section—” for “this section.—” in introductory provision.
  • (c)(1) Pub. L. 99–514, § 1854(a)(4), substituted “stock outstanding that is” for “securities outstanding that are” in subpar.…
  • (c)(4) Pub. L. 99–514, § 1854(a)(5)(A), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “The term…
  • (c)(5) Pub. L. 99–514, § 1854(a)(10), substituted “sold” for “acquired” in heading, and in text substituted “sale of…
  • (c)(7) Pub. L. 99–514, § 1854(a)(6)(A), added par. (7).
  • (d) Pub. L. 99–514, § 1854(a)(7), inserted last sentence.
  • (e) (f) Pub. L. 99–514, § 1854(a)(8)(A), added subsec. (e) and redesignated former subsec. (e) as (f).

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

  • (a) Pub. L. 99–514, § 614(a)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “If any…
  • (c)(1) Pub. L. 99–514, § 614(c)(2), struck out “(determined without regard to this section)” after “such share of stock”.
  • (c)(4) Pub. L. 99–514, § 614(b), added par. (4).
  • (d)(1) Pub. L. 99–514, § 614(c)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “Any reduction…
  • (d)(3) Pub. L. 99–514, § 614(a)(3), substituted “2 years” for “1 year”.
  • (d)(6) Pub. L. 99–514, § 614(a)(2), added par. (6).
  • (d) Pub. L. 99–514, § 614(d), added par. (7).
  • (e) (f) Pub. L. 99–514, § 614(e), added subsec. (e) and redesignated former subsec. (e) as (f).

§ 1059A Limitation on taxpayer’s basis or inventory cost in property imported from related persons

§ 1060 Special allocation rules for certain asset acquisitions

§ 1063 Cross references

  • § 1063 Pub. L. 99–514, § 641(a), renumbered section 1060 of this title as this section.
  • (1) (2) Pub. L. 99–514, § 1899A(27), which directed the amendment of pars. (1) and (2) of section 1060 by substituting “46…

§ 1092 Straddles

  • (c)(4)(E) Pub. L. 99–514, § 331(a), in cl. (i), inserted “or the stock is disposed of at a loss”, in cl. (ii), substituted “or…
  • (d)(3)(A) Pub. L. 99–514, § 1808(c), inserted at end “The preceding sentence shall not apply to any interest in stock.”
  • (d)(5) (d)(6) Pub. L. 99–514, § 1899A(66), amended directory language of section 101(b)(2) of Pub. L. 98–369 to clarify general…
  • (d)(7) Pub. L. 99–514, § 1261(b), added par. (7).

§ 1211 Limitation on capital losses

  • (b) Pub. L. 99–514 amended subsec. (b) generally, substituting present provisions for provisions which had declared in…

§ 1212 Capital loss carrybacks and carryovers

  • (b)(2) Pub. L. 99–514, § 301(b)(11), amended par. (2) generally. Prior to amendment, par. (2), special rules, read as follows:
  • (c)(6)(B) (c)(7)(A) Pub. L. 99–514, § 1899A(67), amended directory language of Pub. L. 98–369, § 102(e)(3)(C), resulting in amendment of…

§ 1239 Gain from sale of depreciable property between certain related taxpayers

  • (b)(1) Pub. L. 99–514, § 642(a)(1)(A), substituted “controlled entities” for “80-percent owned entities”.
  • (c) Pub. L. 99–514, § 642(a)(1)(B), (C), in heading, substituted “Controlled entity” for “80-percent owned entity”, in par.…

§ 1245 Gain from dispositions of certain depreciable property

  • (a)(1) Pub. L. 99–514, § 201(d)(11)(A), struck out “during a taxable year beginning after December 31, 1962, or section 1245…
  • (a)(2) Pub. L. 99–514, § 201(d)(11)(B), amended par. (2) generally, restating former subpars. (A) to (E) and concluding…
  • (a)(3) Pub. L. 99–514, § 201(d)(11)(C), redesignated subpars. (D), (E), and (F) as (C), (D), and (E), respectively, and struck…
  • (a) Pub. L. 99–514, § 201(d)(11)(D), struck out par. (5) which defined “section 1245 recovery property” and par. (6) which…

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

  • (d)(6) Pub. L. 99–514, § 1876(a)(2), amended par. (6) generally. Prior to amendment, par. (6) read as follows: “Earnings and…
  • (e) Pub. L. 99–514, § 631(d)(2)(A), substituted “Except as provided in regulations” for “Under regulations”.
  • (f) Pub. L. 99–514, § 631(d)(2)(B), inserted “Except as provided in regulations prescribed by the Secretary—” after heading.
  • (g) Pub. L. 99–514, § 1875(g)(1), inserted “or” at end of par. (1), redesignated par. (3) as (2), and struck out former…
  • (i)(1)(B) Pub. L. 99–514, § 1810(i)(1), substituted “in redemption or liquidation (whichever is appropriate)” for “in redemption…

§ 1250 Gain from dispositions of certain depreciable realty

  • (b)(3) Pub. L. 99–514 inserted “(as in effect before its repeal by the Tax Reform Act of 1986)” after “185”.

§ 1252 Gain from disposition of farm land

  • (a)(1)(A) Pub. L. 99–514 substituted “(as in effect on the day before the date of the enactment of the Tax Reform Act of 1986)”…

§ 1254 Gain from disposition of interest in oil, gas, geothermal, or other mineral properties

  • § 1254 Pub. L. 99–514 amended section generally, substituting “geothermal, or other mineral properties” for “or geothermal…

§ 1255 Gain from disposition of section 126 property

  • (b)(2) Pub. L. 99–514, § 511(d)(2)(A), as amended by Pub. L. 100–647, struck out “163(d),” after “sections”.
  • (b)(2) Pub. L. 99–514, § 631(e)(14), struck out “453B(d)(2)” after “341(e)(12),”.

§ 1256 Section 1256 contracts marked to market

  • (e)(4) (e) Pub. L. 99–514 redesignated par. (5) as (4) and struck out former par. (4), special rule for banks, which read as…

§ 1257 Disposition of converted wetlands or highly erodible croplands

§ 1271 Treatment of amounts received on retirement or sale or exchange of debt instruments

  • (a)(3)(B) Pub. L. 99–514, § 1803(a)(3), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “For…
  • (a)(3)(D) Pub. L. 99–514, § 1803(a)(2)(B), inserted “except as provided in subparagraph (E),”.
  • (a)(3)(E) Pub. L. 99–514, § 1803(a)(2)(A), added subpar. (E).
  • (a)(4) Pub. L. 99–514, § 1803(a)(1)(A), added par. (4).

§ 1272 Current inclusion in income of original issue discount

  • (a)(6) (a)(7) Pub. L. 99–514 added par. (6) and redesignated former par. (6) as (7).

§ 1273 Determination of amount of original issue discount

  • (b)(3)(B) Pub. L. 99–514 amended subpar. (B) generally, designating existing provisions as cl. (i) and adding cl. (ii).

§ 1274 Determination of issue price in the case of certain debt instruments issued for property

  • (c)(3)(A) Pub. L. 99–514 substituted “for $1,000,000 or less” for “for less than $1,000,000” in heading of subsec. (c)(4)(A) as…

§ 1275 Other definitions and special rules

  • (a)(4) (a) Pub. L. 99–514 redesignated par. (4), relating to treatment of obligations distributed to corporations, as (5), and…

§ 1276 Disposition gain representing accrued market discount treated as ordinary income

  • (a)(3) Pub. L. 99–514, § 1803(a)(13)(A)(i), added par. (3). Former par. (3) redesignated (4).
  • (a)(4) Pub. L. 99–514, § 1803(a)(13)(A)(i), (ii), redesignated par. (3) as (4) and substituted “under paragraph (1) or (3)”…
  • (b) Pub. L. 99–514, § 1803(a)(13)(A)(iii), added undesignated par. at end relating to special rule where partial principal…
  • (c)(3) Pub. L. 99–514, § 631(e)(15), struck out reference to section 334(c).
  • (d)(1)(C) Pub. L. 99–514, § 1803(a)(5), added subpar. (C).
  • § 1276 Pub. L. 99–514, § 1899A(28), substituted “July 18, 1984” for “the date of the enactment of this section”.

§ 1277 Deferral of interest deduction allocable to accrued market discount

  • (b)(1)(C) Pub. L. 99–514, § 1899A(29), substituted “this paragraph” for “this paragaph”.
  • (b)(2)(C) Pub. L. 99–514, § 1899A(30), substituted “paragraph (1)” for “paragraph 1” in heading.
  • (c) Pub. L. 99–514, § 901(d)(4)(F), substituted “which is a bank (as defined in section 585(a)(2) or to which section 593…
  • (c) Pub. L. 99–514, § 902(e)(2), substituted “section 265(a)(5)” for “section 265(5)”.
  • § 1277 Pub. L. 99–514, § 1899A(31), substituted “July 18, 1984” for “the date of the enactment of this section”.

§ 1278 Definitions and special rules

  • (a)(1)(B)(i) Pub. L. 99–514, § 1878(a), amended Pub. L. 98–369, § 1001(b), by adding a par. (24), effective as if included in Pub.…
  • (a)(1)(C) Pub. L. 99–514, § 1803(a)(6), added subpar. (C).
  • (a)(4) Pub. L. 99–514, § 1899A(32), substituted “means” for “means of” in introductory provisions.

§ 1281 Current inclusion in income of discount on certain short-term obligations

  • (a) Pub. L. 99–514, § 1803(a)(8), amended subsec. (a) generally, designating existing provisions as par. (1) and adding…
  • (b)(1)(F) Pub. L. 99–514, § 1803(a)(7), added subpar. (F).

§ 1282 Deferral of interest deduction allocable to accrued discount

  • (a) Pub. L. 99–514 amended subsec. (a) generally, designating existing provisions as par. (1) and adding par. (2).

§ 1283 Definitions and special rules

  • (d)(3) Pub. L. 99–514 substituted “paragraphs (3) and (4) of section 1271(a)” for “section 1271(a)(3)”.

§ 1286 Tax treatment of stripped bonds

  • (b)(1) Pub. L. 99–514, § 1803(a)(13)(B)(i), amended par. (1) generally, designating existing provisions as subpar. (A) and…
  • (b)(2) Pub. L. 99–514, § 1803(a)(13)(B)(ii), substituted “the amount included in gross income under paragraph (1)” for “the…
  • (d) Pub. L. 99–514, § 1879(s)(1), amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “In the…

§ 1291 Interest on tax deferral

§ 1293 Current taxation of income from qualified electing funds

§ 1294 Election to extend time for payment of tax on undistributed earnings

§ 1295 Qualified electing fund

§ 1297 Passive foreign investment company

§ 1298 Special rules

§ 1351 Treatment of recoveries of foreign expropriation losses

  • (d)(2) Pub. L. 99–514 substituted “relating to recovery of tax benefit items” for “relating to recovery of bad debts, etc.”

§ 1361 S corporation defined

  • (b)(2)(B) Pub. L. 99–514, § 901(d)(4)(G), substituted “which is a bank (as defined in section 585(a)(2)) or to which section 593…
  • (d)(3) Pub. L. 99–514, § 1879(m)(1)(A), inserted at end “A substantially separate and independent share of a trust treated as…

§ 1363 Effect of election on corporation

  • (a) Pub. L. 99–514, § 701(e)(4)(J), struck out “and in section 58(d)” after “this subchapter”.
  • (c)(2) Pub. L. 99–514, § 511(d)(2)(C), redesignated subpars. (B) and (C) as (A) and (B), respectively, and struck out former…
  • § 1363 Pub. L. 99–514, § 632(b), amended subsec. (e) generally, substituting “reorganizations, etc.” for “complete…

§ 1366 Pass-thru of items to shareholders

  • (f)(2) Pub. L. 99–514, § 632(c)(2), amended par. (2) generally. Prior to amendment, par. (2), reduction in pass-thru for tax…
  • (f)(2) Pub. L. 99–514, § 701(e)(4)(K), struck out “56 or” before “1374”.

§ 1368 Distributions

  • (e)(1)(A) Pub. L. 99–514 inserted “and no adjustment shall be made for Federal taxes attributable to any taxable year in which…

§ 1371 Coordination with subchapter C

  • (e)(1) Pub. L. 99–514, § 1899A(33), inserted “(within the meaning of section 1368(e))”.
  • (e)(2) Pub. L. 99–514, § 1899A(34), struck out “(within the meaning of section 1368(e))” after “to such election”.

§ 1374 Tax imposed on certain built-in gains

  • § 1374 Pub. L. 99–514 amended section generally, substituting provisions imposing tax on certain built-in gains for provisions…

§ 1375 Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts

  • (b)(1)(B) Pub. L. 99–514 substituted “section 1374(d)(4)” for “section 1374(d)”.

§ 1378 Taxable year of S corporation

  • (a) Pub. L. 99–514, § 806(b)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “For…
  • (b) Pub. L. 99–514, § 806(b)(2), inserted at end “For purposes of paragraph (2), any deferral of income to shareholders…
  • § 1378 Pub. L. 99–514, § 806(b)(3), struck out subsec. (c) which required existing S corporations to use permitted year after…

§ 1398 Rules relating to individuals’ title 11 cases

  • (c) Pub. L. 99–514, § 104(b)(14)(A), substituted “basic standard deduction” for “zero bracket amount” in heading.
  • (c)(3) Pub. L. 99–514, § 104(b)(14)(B), amended par. (3) generally, substituting “Basic standard deduction” for “Amount of…
  • (d)(2)(B) Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.
  • (g)(3) Pub. L. 99–514, § 1812(a)(5), amended par. (3) generally. Prior to amendment, par. (3), recovery exclusion, read as…

§ 1402 Definitions

  • (a)(8) Pub. L. 99–514, § 1272(d)(8), inserted “and” after “of the employer),” and struck out “and section 931 (relating to…
  • (a)(9) Pub. L. 99–514, § 1272(d)(9), amended par. (9) generally. Prior to amendment, par. (9) read as follows: “the term…
  • (a)(14) Pub. L. 99–514, § 1882(b)(1)(B)(i), amended par. (14) generally. Prior to amendment, par. (14) read as follows: “with…
  • (b) Pub. L. 99–514, § 1882(b)(1)(B)(ii), (iii), substituted “paragraph” for “clause” in second sentence and inserted at end…
  • (c)(2)(G) Pub. L. 99–514, § 1883(a)(11)(A), realigned margin of subpar. (G).
  • (e)(1) Pub. L. 99–514, § 1704(a)(1), (2)(A), substituted “Subject to paragraph (2), any individual” for “Any individual” and…
  • (e)(2) (e)(3) (e)(4) Pub. L. 99–514, § 1704(a)(2)(B), (C), added par. (2) and redesignated former pars. (2) and (3) as (3) and (4)…
  • (g) Pub. L. 99–514, § 1882(a), added par. (5).
  • (i)(1) Pub. L. 99–514, § 301(b)(12), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “In determining…
  • (j) Pub. L. 99–514, § 1882(b)(1)(A), added subsec. (j).

§ 1441 Withholding of tax on nonresident aliens

  • (b) Pub. L. 99–514, § 123(b)(2), amended second sentence generally. Prior to amendment, second sentence read as follows…
  • (c)(9) Pub. L. 99–514, § 1810(d)(3)(D), substituted “section 871(h)” for “871(h)(2)”.
  • (c)(10) Pub. L. 99–514, § 1214(c)(3), added par. (10).

§ 1442 Withholding of tax on foreign corporations

  • (a) Pub. L. 99–514, § 1810(d)(3)(E), substituted “871(h)” for “871(h)(2)”, “881(c)” for “881(c)(2)”, and “1441(c)(9)” for…
  • (c) Pub. L. 99–514, § 1273(b)(2)(B), amended subsec. (c) generally, substituting reference to “certain possessions…

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

  • (b)(3) Pub. L. 99–514, § 1810(f)(2), amended par. (3) generally, substituting “interests in corporation not United States real…
  • (d)(1)(A) Pub. L. 99–514, § 1810(f)(3)(B), substituted “paragraph (2)” for “paragraph (2)(A)”.
  • (d)(1)(B)(i) Pub. L. 99–514, § 1810(f)(3)(A), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “any…
  • (e)(1) Pub. L. 99–514, § 311(b)(4), substituted “34 percent” for “28 percent”.
  • (e)(1) Pub. L. 99–514, § 1810(f)(4), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “A domestic…
  • (e)(2) Pub. L. 99–514, § 311(b)(4), substituted “34 percent” for “28 percent”.
  • (e)(3) Pub. L. 99–514, § 1810(f)(5), inserted “The preceding sentence shall not apply if, as of the date of the distribution…
  • (e)(4) Pub. L. 99–514, § 1810(f)(6), substituted “section 897” for “section 897(g)”.
  • (e)(6) Pub. L. 99–514, § 1810(f)(8), inserted “and regulations for the application of this subsection in the case of payments…

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

§ 1503 Computation and payment of tax

  • (d) Pub. L. 99–514 added subsec. (d).

§ 1504 Definitions

  • (a)(4)(C) Pub. L. 99–514, § 1804(e)(1), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “has…
  • (b)(2) Pub. L. 99–514, § 1024(c)(15), struck out “or 821” after “section 802”.
  • (b) Pub. L. 99–514, § 1804(e)(10), amended par. (7) generally. Prior to amendment, par. (7) read as follows: “A DISC or…
  • (c)(2)(A) Pub. L. 99–514, § 1899A(35), struck out “or 821” after “section 801”.
  • (c)(2)(A) Pub. L. 99–514, § 1024(c)(16), substituted “subsection (b)(2)) includes” for “subsection (b)(2) includes”.

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

  • (a) Pub. L. 99–514 added par. (3), and in concluding provisions, substituted “amounts specified in paragraph (1) (and the…

§ 1563 Definitions and special rules

  • (b)(2)(D) Pub. L. 99–514 struck out “or section 821” after “section 801”.

§ 2013 Credit for tax on prior transfers

  • § 2013 Pub. L. 99–514 struck out subsec. (g) which provided for treatment of tax imposed on certain generation-skipping…

§ 2032 Alternate valuation

  • (c)(2) Pub. L. 99–514 amended par. (2) generally. Prior to amendment, par. (2) read as follows: “the amount of the tax imposed…

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

  • (c)(7)(D) Pub. L. 99–514 substituted “section 151(c)(4)” for “section 151(e)(4)”.

§ 2039 Annuities

  • § 2039 Pub. L. 99–514, § 1852(e)(1), struck out subsec. (c) which provided an exclusion from gross estate of certain annuity…
  • § 2039 Pub. L. 99–514, § 1848(d), struck out “or a bond described in paragraph (3)” after “an annuity described in paragraph…

§ 2055 Transfers for public, charitable, and religious uses

  • (f) (g) Pub. L. 99–514 added subsec. (f) and redesignated former subsec. (f) as (g).

§ 2106 Taxable estate

  • (a)(2)(F)(ii) Pub. L. 99–514 substituted “section 2055(g)” for “section 2055(f)”.

§ 2503 Taxable gifts

  • (f) Pub. L. 99–514 added subsec. (f).

§ 2515 Treatment of generation-skipping transfer tax

§ 2522 Charitable and similar gifts

  • (d) (e) Pub. L. 99–514 added subsec. (d) and redesignated former subsec. (d) as (e).

§ 2523 Gift to spouse

  • (f)(4)(A) Pub. L. 99–514 amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “An election under this…

§ 2601 Tax imposed

  • § 2601 Pub. L. 99–514 amended section generally, substituting “(within the meaning of subchapter B)” for “in the amount…

§ 2602 Amount of tax

  • § 2602 Pub. L. 99–514 amended section generally, substituting provisions that amount of tax imposed by section 2601 is the…

§ 2603 Liability for tax

  • § 2603 Pub. L. 99–514 amended section generally, substituting tax liability provisions consisting of language placing…

§ 2611 Generation-skipping transfer defined

  • § 2611 Pub. L. 99–514 amended section generally, substituting provisions defining “generation-skipping transfers” and what…

§ 2612 Taxable termination; taxable distribution; direct skip

  • § 2612 Pub. L. 99–514 amended section generally, substituting provisions covering definition and application of “taxable…

§ 2613 Skip person and non-skip person defined

  • § 2613 Pub. L. 99–514 amended section generally, substituting definitions of “skip person” and “non-skip person” for former…

§ 2621 Taxable amount in case of taxable distribution

  • § 2621 Pub. L. 99–514 amended section generally, substituting provisions relating to taxable amount in case of a taxable…

§ 2622 Taxable amount in case of taxable termination

  • § 2622 Pub. L. 99–514 amended section generally, substituting provisions relating to taxable amount in case of a taxable…

§ 2623 Taxable amount in case of direct skip

§ 2624 Valuation

§ 2631 GST exemption

§ 2632 Special rules for allocation of GST exemption

§ 2641 Applicable rate

§ 2642 Inclusion ratio

§ 2651 Generation assignment

§ 2652 Other definitions

§ 2653 Taxation of multiple skips

§ 2654 Special rules

§ 2661 Administration

§ 2662 Return requirements

§ 2663 Regulations

§ 3121 Definitions

  • (a)(5)(C) Pub. L. 99–514, § 1108(g)(7), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: “under a…
  • (a)(5)(G) Pub. L. 99–514, § 1151(d)(2)(A), added subpar. (G).
  • (a)(8) Pub. L. 99–514, § 1883(a)(11)(B), realigned margin of subpar. (B).
  • (a)(20) Pub. L. 99–514, § 122(e)(1), inserted reference to section 74(c).
  • (u)(2)(B)(ii)(V) Pub. L. 99–514, § 1895(b)(18)(A), added subcl. (V).
  • (v)(2)(A)(ii) Pub. L. 99–514, § 1899A(38), substituted “forfeiture” for “forefeiture”.
  • (v)(3)(C) Pub. L. 99–514, § 1147(b), added subpar. (C).
  • (w)(1) Pub. L. 99–514, § 1899A(39), substituted “this chapter” for “chapter 21 of this Code” in first sentence.
  • (w)(2) Pub. L. 99–514, § 1882(c), substituted last three sentences for former last two sentences which read as follows: “The…
  • (w)(2) Pub. L. 99–514, § 1899A(40), substituted “July 18, 1984” for “the date of the enactment of this subsection” in first…

§ 3231 Definitions

  • (e)(5) Pub. L. 99–514, § 122(e)(2), inserted reference to section 74(c).
  • (e)(6) (e)(7) Pub. L. 99–514, § 1899A(41), redesignated par. (6), relating to amounts excludable under section 120, as (7).

§ 3301 Rate of tax

  • § 3301 Pub. L. 99–514 substituted “unemployment” for “unemployed”.

§ 3302 Credits against tax

  • (c)(2)(B) Pub. L. 99–514, § 1884(1), substituted “denominator” for second reference to “determination”, and in cl. (i) inserted…
  • (f)(8)(A) Pub. L. 99–514, § 1884(2), substituted “1986” for “1987”.

§ 3304 Approval of State laws

§ 3306 Definitions

  • (b)(2)(A) Pub. L. 99–514, § 1899A(44), substituted “workmen’s compensation” for “workman’s compensation”.
  • (b)(5)(C) Pub. L. 99–514, § 1108(g)(8), added subpar. (C) and struck out former subpar. (C) which read as follows: “under a…
  • (b)(5)(G) Pub. L. 99–514, § 1151(d)(2)(B), added subpar. (G).
  • (b)(13) Pub. L. 99–514, § 1899A(45), substituted a semicolon for a comma.
  • (b)(16) Pub. L. 99–514, § 122(e)(3), inserted reference to section 74(c).
  • (o)(1)(A)(i) Pub. L. 99–514, § 1884(3), substituted “Migrant and Seasonal Agricultural Worker Protection Act” for “Farm Labor…

§ 3401 Definitions

  • (a)(8)(D) Pub. L. 99–514, § 1272(c), added subpar. (D).
  • (a)(20) Pub. L. 99–514, § 122(e)(4), inserted reference to section 74(c).

§ 3402 Income tax collected at source

  • (f)(1) Pub. L. 99–514, § 104(b)(15)(F), substituted “standard deduction” for “zero bracket” and “subparagraph (E)” for…
  • (f)(1)(A) Pub. L. 99–514, § 104(b)(15)(B), inserted “unless he is an individual described in section 151(d)(2)” after “himself”.
  • (f)(1)(B) Pub. L. 99–514, § 104(b)(15)(A), redesignated subpar. (D) as (B) and struck out former subpar. (B) which read as…
  • (f)(1)(B) Pub. L. 99–514, § 104(b)(15)(C), which directed that “subparagraph (A) or (D)” be substituted for “subparagraph (A)…
  • (f)(1)(C) Pub. L. 99–514, § 104(b)(15)(A), (D), redesignated subpar. (E) as (C), substituted “section 151(c)” for “section…
  • (f)(1)(D) Pub. L. 99–514, § 104(b)(15)(A), redesignated subpar. (F) as (D). Former subpar. (D) redesignated (B).
  • (f)(1)(E) Pub. L. 99–514, § 104(b)(15)(A), (E), redesignated subpar. (G) as (E) and substituted “standard deduction” for “zero…
  • (f)(1)(E) Pub. L. 99–514, § 1301(j)(8), substituted “section 7703” for “section 143”.
  • (f)(1)(F) (f)(1) Pub. L. 99–514, § 104(b)(15)(A), redesignated subpars. (F) and (G) as (D) and (E), respectively.
  • (i)(1) Pub. L. 99–514, § 1581(b), struck out “or decreases” after “increases”.
  • (m)(3) Pub. L. 99–514, § 104(b)(15)(G), inserted “(including the additional standard deduction under section 63(c)(3) for the…
  • (r) Pub. L. 99–514, § 1303(b)(4), struck out subsec. (r) which provided for extension of withholding to GSOC distributions.

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

  • (d)(1) Pub. L. 99–514, § 1102(e)(1), inserted last sentence for “For purposes of clause (ii), any distribution or payment from…
  • (d)(1) Pub. L. 99–514, § 1875(c)(10), reenacted cl. (iii) relating to amounts subject to withholding under subchapter A of…
  • (d) Pub. L. 99–514, § 1234(b)(1), added par. (13).

§ 3406 Backup withholding

  • (b)(3)(E) Pub. L. 99–514, § 1523(b)(1), added subpar. (E).
  • (b)(6) Pub. L. 99–514, § 1899A(46), substituted “6041A(a)” for “6041(A)(a)” in heading.
  • (h)(5)(D) Pub. L. 99–514, § 1521(b), added subpar. (D).

§ 4041 Imposition of tax

  • (b) Pub. L. 99–514, § 422(a)(2), substituted “reduction in tax” for “exemption” in heading.
  • (b)(2)(A) Pub. L. 99–514, § 422(a)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “No tax…
  • (l) Pub. L. 99–514, § 1879(c)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows:
  • § 4041 Pub. L. 99–514, § 1702(a), added subsec. (n).

§ 4051 Imposition of tax on heavy trucks and trailers sold at retail

  • (d)(1) Pub. L. 99–514, § 1899A(47), substituted “July 18, 1984” for “the date of the enactment of the Tax Reform Act of 1984”.
  • (d) Pub. L. 99–514, § 1877(c), inserted at end “No tax shall be imposed by reason of this paragraph on any use or resale…

§ 4064 Gas guzzler tax

  • (b)(1)(A)(ii) Pub. L. 99–514, § 1812(e)(1)(B)(i), substituted “unloaded gross vehicle weight” for “gross vehicle weight”.
  • (b)(5) Pub. L. 99–514, § 1812(e)(1)(B)(ii), amended par. (5) generally, designating existing provisions as subpar. (A), adding…

§ 4081 Imposition of tax

  • § 4081 Pub. L. 99–514 amended section generally, substituting provisions imposing a tax on the removal or sale of gasoline by…

§ 4082 Exemptions for diesel fuel and kerosene

  • (a) Pub. L. 99–514 amended subsec. (a) generally, substituting definitions of “gasoline” and “gasoline blended stocks” for…
  • (b) Pub. L. 99–514 amended subsec. (b) generally, substituting provisions that certain use of gasoline be considered…
  • (c) (d) (e) Pub. L. 99–514, in amending section generally, struck out subsecs. (c) to (e) which defined “sales”, “wholesale…

§ 4083 Definitions; special rule; administrative authority

  • § 4083 Pub. L. 99–514 amended section generally. Prior to amendment, section 4083 “Exemption of sales to producer”, read as…

§ 4101 Registration and bond

  • § 4101 Pub. L. 99–514 amended section generally, substituting “Registration and bond” for “Registration” in section catchline…

§ 4121 Imposition of tax

  • (b) Pub. L. 99–514 struck out “, in the case of sales during any calendar year beginning after December 31, 1985” after…

§ 4161 Imposition of tax

  • (b)(1)(B)(ii) Pub. L. 99–514 substituted a comma for the period at end.

§ 4162 Definitions; treatment of certain resales

  • (a)(6)(I) Pub. L. 99–514, § 1878(b), amended subpar. (I) generally, substituting “hook” for “hood”.
  • § 4162 Pub. L. 99–514, § 201(d)(7)(C), (12), made identical amendments, substituting “section 465(b)(3)(C)” for “section…

§ 4221 Certain tax-free sales

  • (a) Pub. L. 99–514, as amended by Pub. L. 99–499, § 521(d)(4)(B), in introductory text, inserted “or section 4081 (at the…

§ 4227 Cross reference

  • § 4227 Pub. L. 99–514 amended section generally, substituting “reference” for “references” in section catchline, struck out…

§ 4251 Imposition of tax

  • (b)(2) Pub. L. 99–514 inserted “1985,” after “1984,” in table.

§ 4261 Imposition of tax

  • (e)(1) Pub. L. 99–514, amended par. (1) generally. Prior to amendment, par. (1) read as follows: “transporting individuals…

§ 4701 Tax on issuer of registration-required obligation not in registered form

  • (b)(1) Pub. L. 99–514 substituted “section 149(a)” for “section 103(j)”.

§ 4940 Excise tax based on investment income

  • (c)(5) Pub. L. 99–514, § 1301(j), substituted “(relating to State and local bonds)” for “(relating to interest on certain…
  • § 4940 Pub. L. 99–514, § 1832, added subpar. (B) and struck out former subpar. (B) and concluding provision which read as…

§ 4941 Taxes on self-dealing

  • (d)(2)(B) Pub. L. 99–514, § 1812(b)(1), inserted “(determined without regard to section 7872)” after “without interest or other…
  • (d)(2)(G)(i) Pub. L. 99–514, § 122(a)(2)(A), inserted “(without regard to paragraph (3) thereof)” after “section 74(b)”.

§ 4942 Taxes on failure to distribute income

  • (f)(2)(A) Pub. L. 99–514 substituted “(relating to State and local bonds)” for “(relating to interest on certain governmental…

§ 4945 Taxes on taxable expenditures

  • (g)(2) Pub. L. 99–514 inserted “(without regard to paragraph (3) thereof)” after “section 74(b)”.

§ 4946 Definitions and special rules

  • (c)(5) Pub. L. 99–514 substituted “$20,000” for “$15,000”.

§ 4961 Abatement of second tier taxes where there is correction

  • (c)(1) Pub. L. 99–514 substituted “United States Claims Court” for “Court of Claims” in heading.

§ 4972 Tax on nondeductible contributions to qualified employer plans

§ 4973 Tax on excess contributions to certain tax-favored accounts and annuities

  • (b) Pub. L. 99–514, § 1102(b)(1), inserted at end “For purposes of paragraphs (1)(B) and (2)(C), the amount allowable as a…
  • (b) Pub. L. 99–514, § 1848(f), in introductory provisions, substituted “or individual retirement annuities” for “…

§ 4974 Excise tax on certain accumulations in qualified retirement plans

  • § 4974 Pub. L. 99–514, § 1121(a)(1), amended section generally, substituting provisions imposing an excise tax on certain…
  • (a) Pub. L. 99–514, § 1852(a)(7)(B), substituted “section 408(a)(6) or 408(b)(3)” for “section 408(a)(6) or (7), or…
  • (b) Pub. L. 99–514, § 1852(a)(7)(C), substituted “section 408(a)(6) or 408(b)(3)” for “section 408(a)(6) or (7) or…

§ 4975 Tax on prohibited transactions

  • (d) Pub. L. 99–514, § 1899A(51), inserted a closing parenthesis after “and (12)” in second sentence.
  • (d)(1)(B) Pub. L. 99–514, § 1114(b)(15)(A), substituted “highly compensated employees (within the meaning of section 414(q))” for…
  • (e)(7) Pub. L. 99–514, § 1854(f)(3)(A), inserted “, section 409(o), and, if applicable, section 409(n)” in last sentence.

§ 4976 Taxes with respect to funded welfare benefit plans

  • (b) Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “For purposes of…

§ 4977 Tax on certain fringe benefits provided by an employer

  • (c)(2) Pub. L. 99–514, § 1853(c)(1), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “as of January…
  • (f) Pub. L. 99–514, § 1853(c)(2), added subsec. (f).

§ 4978 Tax on certain dispositions by employee stock ownership plans and certain cooperatives

  • (a)(1) Pub. L. 99–514, § 1854(e)(1), substituted “than” for “then”.
  • (b)(1) Pub. L. 99–514, § 1854(e)(2), substituted “subsection (a)” for “paragraph (1)”.
  • (c) Pub. L. 99–514, § 1854(e)(3), substituted “section 1042(b)(3)” for “section 1042(a)(2)(B)”.
  • (d)(1)(C) Pub. L. 99–514, § 1854(e)(4), substituted “section 72(m)(7)” for “section 72(m)(5)”.
  • (d)(3) Pub. L. 99–514, § 1854(e)(7), added par. (3).
  • (e)(2) Pub. L. 99–514, § 1854(e)(5), substituted “section 1042(c)(1)” for “section 1042(b)(1)”.
  • (e)(3) Pub. L. 99–514, § 1854(e)(6), substituted “section 1042(c)(2)” for “section 1042(b)(1)”.

§ 4979 Tax on certain excess contributions

§ 4979A Tax on certain prohibited allocations of qualified securities

  • Enacted § 4979A
  • (b)(1) Pub. L. 99–514, § 1172(b)(2)(A), inserted reference to section 2057.
  • (c) Pub. L. 99–514, § 1172(b)(2)(B), inserted reference to section 2057(d).

§ 4980 Tax on reversion of qualified plan assets to employer

§ 4981 Excise tax on undistributed income of real estate investment trusts

  • § 4981 Pub. L. 99–514 substituted “Excise tax on undistributed income of real estate investment trusts” for “Excise tax based…

§ 4982 Excise tax on undistributed income of regulated investment companies

§ 5061 Method of collecting tax

  • (e)(3) Pub. L. 99–514 added par. (3).

§ 5703 Liability for tax and method of payment

  • (b)(3) Pub. L. 99–514 inserted last sentence.

§ 6011 General requirement of return, statement, or list

  • (f) Pub. L. 99–514 substituted “subparts B and C” for “sections 6012 to 6019, inclusive”.

§ 6012 Persons required to make returns of income

  • (a)(1) Pub. L. 99–514, § 104(a)(1)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows:
  • (a) Pub. L. 99–514, § 104(a)(1)(B), substituted “not less than the sum of the exemption amount plus the basic standard…
  • (d) (e) Pub. L. 99–514, § 1525(a), added subsec. (d) and redesignated former subsec. (d) as (e).

§ 6013 Joint returns of income tax by husband and wife

  • (b)(3)(A) Pub. L. 99–514, § 104(a)(2), struck out “(twice the exemption amount in case such spouse was 65 or over)” before “for…
  • (f)(1) Pub. L. 99–514, § 1708(a)(3), substituted “such election may be made for any taxable year while an individual is in…

§ 6014 Income tax return—tax not computed by taxpayer

  • (a) Pub. L. 99–514, § 104(b)(16)(A), substituted “who is not described in section 6012(a)(1)(C)(i)” for “who does not have…
  • (b)(4) Pub. L. 99–514, § 104(b)(16)(B), amended par. (4) generally, substituting “where the taxpayer claims a reduced standard…

§ 6031 Return of partnership income

  • (b) Pub. L. 99–514, § 1501(c)(16), substituted “was required to be filed” for “was filed” and “required to be shown on such…
  • (b) Pub. L. 99–514, § 1811(b)(1)(A)(i), inserted “or who holds an interest in such partnership as a nominee for another…
  • (c) Pub. L. 99–514, § 1811(b)(1)(A)(ii), added subsec. (c).

§ 6033 Returns by exempt organizations

  • (e) Pub. L. 99–514 substituted “section 6652(c)” for “section 6652(d)”.

§ 6034 Returns by certain trusts

  • § 6034 Pub. L. 99–514 substituted “section 6652(c)” for “section 6652(d)”.

§ 6034A Information to beneficiaries of estates and trusts

  • (a) Pub. L. 99–514, § 1501(c)(15), in introductory provisions, substituted “required to file a return” for “making the…
  • (a) Pub. L. 99–514, § 1875(d)(3)(A)(i), (ii), designated existing provisions as subsec. (a), inserted heading “General…
  • (b) Pub. L. 99–514, § 1875(d)(3)(A)(iii), added subsec. (b).

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

  • (a)(1)(B) Pub. L. 99–514, § 1202(c)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the…
  • (a)(1) Pub. L. 99–514, § 1245(b)(5), added subpar. (F).
  • (c)(4) Pub. L. 99–514, § 1202(c)(2), substituted “post-1986 undistributed earnings” for “accumulated profits in excess of…

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

  • (b)(1) Pub. L. 99–514, § 1245(a), substituted “each person” for “each corporation” in introductory provisions and amended…
  • (b)(2) Pub. L. 99–514, § 1245(b)(1), substituted “each person” for “each corporation”.
  • (b) Pub. L. 99–514, § 1245(b)(2), (3), amended par. (3) generally, substituting “foreign person which is a related party to…
  • (b) Pub. L. 99–514, § 1245(b)(3), added par. (4).
  • (c)(2) Pub. L. 99–514, § 1245(b)(4), amended par. (2) generally. Prior to amendment, par. (2), controlled group, read as…

§ 6039C Returns with respect to foreign persons holding direct investments in United States real property interests

  • (d) Pub. L. 99–514 inserted “(and any person required to withhold tax under section 1445)” after “section 897(a)”.

§ 6039D Returns and records with respect to certain fringe benefit plans

  • (a)(6) Pub. L. 99–514, § 1151(h)(2), added par. (6).
  • (c) Pub. L. 99–514, § 1151(h)(3), as amended by Pub. L. 100–647, § 1011B(a)(24), inserted at end “The Secretary may require…
  • (d) Pub. L. 99–514, § 1151(h)(1), amended subsec. (d) generally. Prior to amendment, par. (1) defined a specified fringe…
  • (d) Pub. L. 99–514, § 1879(d)(1), in amending subsec. (d) generally, added subpars. (1)(A) and (2)(A). Former subpars.…

§ 6039E Information concerning resident status

§ 6041 Information at source

  • (a) Pub. L. 99–514, § 1523(b)(2), substituted “6049(a), or 6050N(a)” for “or 6049(a)”.
  • (d) Pub. L. 99–514, § 1501(c)(1), in amending subsec. (d) generally, substituted “information is required” for “information…

§ 6042 Returns regarding payments of dividends and corporate earnings and profits

  • (c) Pub. L. 99–514, in amending subsec. (c) generally, substituted “information is required” for “information is furnished”…

§ 6043 Liquidating, etc., transactions

  • (c) Pub. L. 99–514 substituted “section 6652(c)” for “section 6652(d)”.

§ 6044 Returns regarding payments of patronage dividends

  • (e) Pub. L. 99–514, in amending subsec. (e) generally, substituted “information is required” for “information is furnished”…

§ 6045 Returns of brokers

  • (b) Pub. L. 99–514, § 1501(c)(4), in amending subsec. (c) generally, substituted references to persons required to make a…
  • (e) Pub. L. 99–514, § 1521(a), added subsec. (e).

§ 6047 Information relating to certain trusts and annuity plans

  • (e)(1) Pub. L. 99–514, § 1501(d)(1)(D), substituted “section 6652(e)” for “section 6652(f)”.
  • (e) Pub. L. 99–514, § 1848(e)(2), added par. (3).

§ 6049 Returns regarding payments of interest

  • (b)(5)(B)(iii) Pub. L. 99–514, § 1803(a)(14)(C), substituted “section 1273(a)” for “section 1232(b)(1)”.
  • (b)(5)(B)(iv) Pub. L. 99–514, § 1214(c)(4), added cl. (iv).
  • (c) Pub. L. 99–514, § 1501(c)(5), in amending subsec. (c) generally, substituted “information is required” for “information…
  • (d)(7) Pub. L. 99–514, § 674, added par. (7).

§ 6050A Reporting requirements of certain fishing boat operators

  • (b) Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Every person making a…

§ 6050B Returns relating to unemployment compensation

  • (b) Pub. L. 99–514, in amending subsec. (b) generally, substituted references to persons required to make a return for…

§ 6050E State and local income tax refunds

  • (b) Pub. L. 99–514, in amending subsec. (b) generally, substituted “information is required” for “information is furnished”…

§ 6050F Returns relating to social security benefits

  • (b) Pub. L. 99–514, in amending subsec. (b) generally, substituted “information is required” for “information is furnished”…

§ 6050G Returns relating to certain railroad retirement benefits

  • (b) Pub. L. 99–514, in amending subsec. (b) generally, substituted “information is required” for “information is furnished”…

§ 6050H Returns relating to mortgage interest received in trade or business from individuals

  • (d) Pub. L. 99–514, § 1501(c)(11), in amending subsec. (d) generally, substituted “information is required” for…
  • (g) Pub. L. 99–514, § 1811(a)(1), added subsec. (g).

§ 6050I Returns relating to cash received in trade or business, etc.

  • (e) Pub. L. 99–514 substituted “information is required” for “information is furnished” in heading and, in text…

§ 6050K Returns relating to exchanges of certain partnership interests

  • (b) Pub. L. 99–514, § 1501(c)(13), in amending subsec. (b) generally, substituted references to partnerships required to…
  • (c)(2) Pub. L. 99–514, § 1811(b)(2), substituted “this section” for “this subsection”.

§ 6050M Returns relating to persons receiving contracts from Federal executive agencies

§ 6050N Returns regarding payments of royalties

§ 6051 Receipts for employees

  • (a)(8) Pub. L. 99–514 added par. (8).

§ 6052 Returns regarding payment of wages in the form of group-term life insurance

  • (b) Pub. L. 99–514, in amending subsec. (b) generally, substituted “information is required” for “information is furnished”…

§ 6057 Annual registration, etc.

  • (g) Pub. L. 99–514 substituted “section 6652(d)” for “section 6652(e)”.

§ 6058 Information required in connection with certain plans of deferred compensation

  • (f) Pub. L. 99–514 substituted “section 6652(e)” for “section 6652(f)”.

§ 6091 Place for filing returns or other documents

  • (b)(1)(B)(iii) Pub. L. 99–514, § 1272(d)(10), substituted “Guam, American Samoa, or the Northern Mariana Islands” for “possessions of…
  • (b)(6) Pub. L. 99–514, § 1879(r)(1), added par. (6).

§ 6103 Confidentiality and disclosure of returns and return information

  • (b)(5) Pub. L. 99–514, § 1568(a)(1), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “The term…
  • (b)(10) Pub. L. 99–514, § 1568(a)(2), added par. (10).
  • (e)(1)(A) Pub. L. 99–514, § 1411(b), added cl. (iv).
  • (l)(7)(D)(v) Pub. L. 99–514, § 1899A(53), substituted “this title” for “this Code”.

§ 6109 Identifying numbers

  • (e) Pub. L. 99–514 added subsec. (e).

§ 6111 Disclosure of reportable transactions

  • (c)(2) Pub. L. 99–514, § 1531(a), substituted “350 percent” for “200 percent”.
  • (c)(3) Pub. L. 99–514, § 201(d)(13), substituted “section 465(b)(3)(C)” for “section 168(e)(4)”.
  • § 6111 Pub. L. 99–514, § 1899A(54), substituted “subparagraph” for “subpargraph”.

§ 6166 Extension of time for payment of estate tax where estate consists largely of interest in closely held business

  • (i) (j) (k) Pub. L. 99–514 added subsec. (i) and redesignated former subsecs. (i) and (j) as (j) and (k), respectively.

§ 6212 Notice of deficiency

  • (c)(2)(A) Pub. L. 99–514, § 104(b)(17), amended subpar. (A) generally, substituting “, see section 63(e)(3)” for “and zero…
  • (d) Pub. L. 99–514, § 1562(a), added subsec. (d).

§ 6213 Restrictions applicable to deficiencies; petition to Tax Court

  • (h) Pub. L. 99–514 amended par. (4) generally. Prior to amendment, par. (4) read as follows: “For provision that this…

§ 6214 Determinations by Tax Court

  • (a) Pub. L. 99–514, § 1554(a), substituted “any addition to the tax” for “addition to the tax”.
  • (c) Pub. L. 99–514, § 1833, substituted “section 4963(b)” for “section 4962(b)”.
  • (e) Pub. L. 99–514, § 1511(c)(8), substituted “section 6621(c)(4)” for “section 6621(d)(4)”.

§ 6215 Assessment of deficiency found by Tax Court

  • (b) Pub. L. 99–514 redesignated par. (8) as (7) and struck out former par. (7) which read as follows: “For proration of…

§ 6323 Validity and priority against certain persons

  • (i)(3) Pub. L. 99–514 added par. (3).

§ 6332 Surrender of property subject to levy

  • (c) Pub. L. 99–514 substituted “the underpayment rate established under section 6621” for “an annual rate established under…

§ 6334 Property exempt from levy

  • (a)(10) Pub. L. 99–514 added par. (10).

§ 6335 Sale of seized property

  • (e)(1) Pub. L. 99–514 amended par. (1) generally. Prior to amendment, par. (1) “Minimum price” read as follows: “Before the…

§ 6343 Authority to release levy and return property

  • (c) Pub. L. 99–514 substituted “the overpayment rate established under section 6621” for “an annual rate established under…

§ 6401 Amounts treated as overpayments

  • (b)(2) Pub. L. 99–514 inserted last sentence.

§ 6404 Abatements

  • (e) Pub. L. 99–514 added subsec. (e).

§ 6405 Reports of refunds and credits

  • (b) (c) § 6405 Pub. L. 99–514 redesignated subsecs. (c) to (e) as (b) to (d), respectively, and struck out former subsec. (b) which…

§ 6411 Tentative carryback and refund adjustments

  • (a) Pub. L. 99–514, § 231(d)(3)(H), in introductory provisions, struck out “by a research credit carryback provided in…
  • (a) Pub. L. 99–514, § 1847(b)(10), substituted “unused research credit, or unused business credit” for “or unused business…
  • (b) Pub. L. 99–514, § 231(d)(3)(H)(iv), struck out “unused research credit,” after “net capital loss,”, in two places.

§ 6421 Gasoline used for certain nonhighway purposes, used by local transit systems, or sold for certain exempt purposes

  • § 6421 Pub. L. 99–514, § 1703(c)(2)(D), substituted “, used by local transit systems, or sold for certain exempt purposes” for…
  • (c) Pub. L. 99–514, § 1703(c)(1)(B), added subsec. (c). Former subsec. (c) redesignated (d).
  • (d) Pub. L. 99–514, § 1703(c)(1)(A), (2)(A), redesignated subsec. (c) as (d) and, in par. (1), substituted “not more than…
  • (e) Pub. L. 99–514, § 1703(c)(1)(A), redesignated subsec. (d) as (e). Former subsec. (e) redesignated (f).
  • (f) Pub. L. 99–514, § 1703(c)(1)(A), (2)(B), redesignated subsec. (e) as (f), redesignated pars. (2) and (3) as (1) and…
  • (g) Pub. L. 99–514, § 1703(c)(1)(A), redesignated subsec. (f) as (g). Former subsec. (g) redesignated (h).
  • (h) Pub. L. 99–514, § 1703(c)(1)(A), redesignated subsec. (g) as (h). Former subsec. (h) redesignated (i).
  • (i) Pub. L. 99–514, § 1703(c)(1)(A), redesignated subsec. (h), relating to effective date, as (i).

§ 6425 Adjustment of overpayment of estimated income tax by corporation

  • (c)(1)(A) Pub. L. 99–514 amended subpar. (A) generally, restating existing provisions as cl. (i) and adding cl. (ii).

§ 6427 Fuels not used for taxable purposes

  • (a) Pub. L. 99–514, § 1703(e)(2)(A), substituted “subsection (k)” for “subsection (j)”.
  • (b)(1) Pub. L. 99–514, § 1899A(55), substituted “otherwise provided in this subsection” for “provided in paragraph (2)”.
  • (b)(1) Pub. L. 99–514, § 1703(e)(2)(A), substituted “subsection (k)” for “subsection (j)”.
  • (b)(2)(A) Pub. L. 99–514, § 1877(b)(2), substituted “subparagraphs (B) and (C)” for “subparagraph (B)”.
  • (b)(2)(B) Pub. L. 99–514, § 1877(b)(1), added subpar. (B). Former subpar. (B) redesignated (C).
  • (b)(2)(C) Pub. L. 99–514, § 1877(b)(1), (3), redesignated subpar. (B) as (C) and substituted “Exception for certain intracity…
  • (b)(2)(D) Pub. L. 99–514, § 1877(b)(1), redesignated former subpar. (C) as (D).
  • (c) (d) (e)(1) Pub. L. 99–514, § 1703(e)(2)(A), substituted “subsection (k)” for “subsection (j)”.
  • (e)(3) Pub. L. 99–514, § 422(b), substituted “September 30, 1988” for “September 30, 1985”.
  • (f) Pub. L. 99–514, § 1703(e)(2)(A), substituted “subsection (k)” for “subsection (j)”.
  • (g) Pub. L. 99–514, § 1899A(56), substituted “amount” for “anount”.
  • (g) Pub. L. 99–514, § 1703(e)(2)(A), substituted “subsection (k)” for “subsection (j)”.
  • (h) Pub. L. 99–514, § 1703(e)(1)(B), added subsec. (h). Former subsec. (h) redesignated (i).
  • (i) Pub. L. 99–514, § 1703(e)(1)(A), redesignated subsec. (h) as (i). Former subsec. (i) redesignated (j).
  • (i)(1) Pub. L. 99–514, § 1703(d)(1)(B)(i), (e)(2)(B), struck out “(f)” after “subsection (a), (b), (c), (d), (e),” and…
  • (i)(2)(A) Pub. L. 99–514, § 1703(d)(1)(B)(ii), inserted “or” at end of cl. (i), struck out “or” at end of cl. (ii), and struck…
  • (i)(2)(A)(i) Pub. L. 99–514, § 1703(e)(2)(C), substituted “(g), and (h)” for “and (g)”.
  • (i)(2)(B) Pub. L. 99–514, § 1703(d)(1)(B)(ii)(III), struck out “(or clauses)” after “referred to in the clause”. Notwithstanding…
  • (i)(2)(B) Pub. L. 99–514, § 1703(d)(1)(B)(iii), struck out “or clause (iii)” after “If the requirements of clause (ii)”.…
  • (i)(3) Pub. L. 99–514, § 1703(d)(1), added par. (3).
  • (j) Pub. L. 99–514, § 1703(e)(1)(A), redesignated subsec. (i) as (j). Former subsec. (j) redesignated (k).
  • (k) Pub. L. 99–514, § 1703(e)(1)(A), redesignated subsec. (j) as (k). Former subsec. (k) redesignated (l).
  • (k)(2) Pub. L. 99–514, § 1703(e)(2)(E), which directed the substitution of “(i)(2)” for “subsection (h)(2)” in subsec. (i)(2)…
  • (k)(2) Pub. L. 99–514, § 1703(d)(1)(B)(iv), substituted “subsection (h)(2) or (h)(3)” for “subsection (h)(2)”.
  • (l) Pub. L. 99–514, § 1703(e)(1)(A), redesignated subsec. (k) as (l). Former subsec. (l) redesignated (m).
  • (m) Pub. L. 99–514, § 1703(e)(1)(A), redesignated subsec. (l) as (m). Former subsec. (m) redesignated (n).
  • (n) Pub. L. 99–514, § 1703(e)(1)(A), (2)(C), (D), redesignated subsec. (m) as (n) and substituted “(g), and (h)” for “and…
  • (o) Pub. L. 99–514, § 1703(e)(1)(A), as amended by Pub. L. 99–499, § 521(c)(3)(B)(ii), redesignated subsec. (n), as added…
  • (p) Pub. L. 99–514, § 1703(e)(1)(A), as amended by Pub. L. 99–499, § 521(c)(3)(B)(ii), redesignated subsec. (o) as (p).

§ 6501 Limitations on assessment and collection

  • (c)(8) Pub. L. 99–514, § 1810(g)(3), substituted “exchange or distribution” for “exchange” in two places, and “subsection (a)…
  • (k) (l) (m) (n) (o) (p) Pub. L. 99–514, § 1847(b)(12), inserted “(as amended by sections 211, 314, and 474 of this Act)” in directory language…
  • (k) Pub. L. 99–514, § 1847(b)(14), substituted “or a credit carryback (as defined in section 6511(d)(4)(C))” for “an…
  • (n) (o) Pub. L. 99–514, § 1847(b)(13), added subsec. (n) and redesignated former subsec. (n) as (o).

§ 6503 Suspension of running of period of limitation

  • (a)(1) Pub. L. 99–514, § 1875(d)(2)(B)(ii), substituted “section 6501 or 6502 (or section 6229, but only with respect to a…
  • (j) (k) Pub. L. 99–514, § 1235(d), added subsec. (j) and redesignated former subsec. (j) as (k).

§ 6504 Cross references

  • (2) Pub. L. 99–514 amended par. (2) generally, substituting “where taxpayer and his spouse make separate returns, see…

§ 6511 Limitations on credit or refund

  • (d)(2)(B) Pub. L. 99–514, § 141(b)(3), amended subpar. (B) generally, restating cl. (i) as cls. (i), (ii), and (iii) and striking…
  • (d)(4)(C) Pub. L. 99–514, § 231(d)(3)(I), as amended by Pub. L. 100–647, § 1018(u)(21), struck out “and any research credit…
  • (h)(1) Pub. L. 99–514, § 1847(b)(15)(A), substituted “section 6501(m)(1)(B)” for “section 6501(q)(1)(B)”.
  • (h)(2) Pub. L. 99–514, § 1847(b)(15)(B), substituted “section 6501(m)(2)(B)” for “section 6501(q)(2)(B)”.

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

  • (a) Pub. L. 99–514, § 1511(c)(11), substituted “the underpayment rate established under section 6621” for “an annual rate…
  • (b)(2) Pub. L. 99–514, § 1404(c)(3), as amended by Pub. L. 100–647, § 1018(u)(42), substituted “6156(a) or 6158(a)” for…
  • (b)(4) (b) Pub. L. 99–514, § 1512(a), added par. (4) and redesignated former par. (4) as (5).
  • (c) Pub. L. 99–514, § 1564(a), inserted “and interest shall not be imposed during such period on any interest with respect…

§ 6602 Interest on erroneous refund recoverable by suit

  • § 6602 Pub. L. 99–514 substituted “the underpayment rate established under section 6621” for “an annual rate established under…

§ 6611 Interest on overpayments

  • (a) Pub. L. 99–514 substituted “the overpayment rate established under section 6621” for “an annual rate established under…

§ 6621 Determination of rate of interest

  • (a) Pub. L. 99–514, § 1511(a), added subsec. (a) and struck out former subsec. (a) which read as follows: “The annual rate…
  • (b) Pub. L. 99–514, § 1511(a), added subsec. (b) relating to determination of Federal short-term rate and struck out former…
  • (c) Pub. L. 99–514, § 1511(a), (c)(1), redesignated subsec. (d) as (c), in par. (1), struck out “annual” before “rate of…
  • (c)(3)(A) Pub. L. 99–514, § 1535(a), added cl. (v).
  • (d) Pub. L. 99–514, § 1511(c)(1)(A), redesignated subsec. (d) as (c).

§ 6651 Failure to file tax return or to pay tax

  • (c)(1) Pub. L. 99–514, § 1502(b), amended par. (1) generally, striking out the designation “(A)” before “With respect to”…
  • (d) (e) Pub. L. 99–514, § 1502(a), added subsec. (d) and redesignated former subsec. (d) as (e).

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

  • (a) Pub. L. 99–514, § 1501(d)(1)(A), redesignated subsec. (b) as (a), substituted “Returns with respect to certain payments…
  • (a) Pub. L. 99–514, § 1811(c)(2), inserted “(other than by subsection (d) of such section)” in par. (3)(A)(ii).
  • (b) (c) (d) (e) (f) Pub. L. 99–514, § 1501(d)(1)(A)(i), redesignated subsecs. (c) to (f) as (b) to (e), respectively. Former subsec. (b)…
  • (g) Pub. L. 99–514, § 1501(d)(1)(A)(i), redesignated subsec. (h) as (g). Former subsec. (g) redesignated (f).
  • (g) Pub. L. 99–514, § 1810(f)(9)(C), struck out “etc.,” after “Returns” in heading.
  • (g) Pub. L. 99–514, § 1810(f)(9)(A), in amending par. (1) generally, struck out “(A)” after “In the case of each failure”…
  • (g) Pub. L. 99–514, § 1810(f)(9)(B), in amending par. (3) generally, designated former subpar. (B) of par. (3) as the…
  • (h) (i) Pub. L. 99–514, § 1501(d)(1)(A)(i), redesignated subsecs. (i) and (j) as (h) and (i), respectively. Former subsec. (h)…
  • (j) Pub. L. 99–514, § 1702(b), added subsec. (j) relating to failure to give written notice to certain sellers of diesel…
  • (j) Pub. L. 99–514, § 1301(g), added subsec. (j) relating to failure to file certification with respect to certain…
  • (j) Pub. L. 99–514, § 1501(d)(1)(A)(i), redesignated subsec. (k), relating to alcohol and tobacco taxes, as (j). Former…
  • (k) Pub. L. 99–514, § 1501(d)(1)(A)(i), redesignated subsec. (k), relating to alcohol and tobacco taxes, as (j).…
  • (l) (m) Pub. L. 99–514, § 1151(b), directed the redesignation of a nonexistent subsec. (l) as (m), and added a new subsec. (l)…

§ 6653 Failure to pay stamp tax

  • § 6653 Pub. L. 99–514, § 1503(d)(1), substituted “Additions to tax for negligence and fraud” for “Failure to pay tax” in…
  • § 6653 Pub. L. 99–514, § 1503(a), added subsec. (a) and struck out former subsec. (a) which added percentage to tax due for…
  • § 6653 Pub. L. 99–514, § 1503(b), added subsec. (b) and struck out former subsec. (b) which added percentage to tax due for…
  • § 6653 Pub. L. 99–514, § 1503(c)(2), substituted “portion of the underpayment which is attributable to fraud” for “same…
  • § 6653 Pub. L. 99–514, § 1503(c)(3), struck out “or intentional disregard of rules and regulations (but without intent to…
  • § 6653 Pub. L. 99–514, § 1503(b), amended subsec. (g) generally, substituting provisions relating to special rule for amounts…

§ 6654 Failure by individual to pay estimated income tax

  • (a)(1) Pub. L. 99–514, § 1511(c)(14), substituted “the underpayment rate established under section 6621” for “the applicable…
  • (d)(1)(B)(i) Pub. L. 99–514, § 1541(a), substituted “90 percent” for “80 percent” in two places.
  • (d)(2)(C)(ii) Pub. L. 99–514, § 1541(b)(1), in table of applicable percentages increased applicable percentages from “20” to “22.5”…
  • (i)(1)(C) Pub. L. 99–514, § 1541(b)(2), substituted “90 percent” for “80 percent”.
  • (j) Pub. L. 99–514, § 1841, added subsec. (j). Former subsec. (j) redesignated (k).
  • (j)(3)(B) Pub. L. 99–514, § 1541(b)(3), which directed the amendment of the table in subpar. (B) by substituting “45” for “40”…
  • (k) Pub. L. 99–514, § 1841, redesignated former subsec. (j) as (k). Former subsec. (k) redesignated (l).
  • (l) Pub. L. 99–514, § 1404(a), as amended by Pub. L. 100–647, § 1014(d)(1), amended subsec. (l) generally. Prior to…
  • (l) Pub. L. 99–514, § 1841, redesignated subsec. (k) as (l). Former subsec. (l) redesignated (m).
  • (m) Pub. L. 99–514, § 1841, redesignated former subsec. (l) as (m).

§ 6655 Failure by corporation to pay estimated income tax

  • (a)(1) Pub. L. 99–514, § 1511(c)(15), substituted “the underpayment rate established under section 6621” for “the rate…
  • (f) Pub. L. 99–514, § 701(d)(3), amended par. (1) generally, restating existing provisions in subpar. (A) and adding…

§ 6673 Sanctions and costs awarded by courts

  • § 6673 Pub. L. 99–514 substituted “, that the taxpayer’s position in such proceeding is frivolous or groundless, or that the…

§ 6693 Failure to provide reports on certain tax-favored accounts or annuities; penalties relating to designated nondeductible contributions

  • § 6693 Pub. L. 99–514, § 1102(d)(2)(B), inserted “; overstatement of designated nondeductible contributions” in section…
  • (b) Pub. L. 99–514, § 1102(d)(1), added subsec. (b). Former subsec. (b) redesignated (c).
  • (c) Pub. L. 99–514, § 1102(d)(1), (2)(A), redesignated former subsec. (b) as (c) and substituted “this section” for…

§ 6704 Failure to keep records necessary to meet reporting requirements under section 6047(d)

  • § 6704 Pub. L. 99–514 substituted “section 6047(d)” for “section 6047(e)” in section catchline and in subsec. (a).

§ 6707 Failure to furnish information regarding reportable transactions

  • (a)(2) Pub. L. 99–514, § 1532(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The penalty…
  • (b)(2) Pub. L. 99–514, § 1533(a), substituted “$250” for “$50”.

§ 6708 Failure to maintain lists of advisees with respect to reportable transactions

  • (a) Pub. L. 99–514 substituted “$100,000” for “$50,000”.

§ 6709 Penalties with respect to mortgage credit certificates

    § 6721 Failure to file correct information returns

    § 6722 Failure to furnish correct payee statements

    § 6723 Failure to comply with other information reporting requirements

    § 6724 Waiver; definitions and special rules

    § 7103 Cross references—Other provisions for bonds

    • (b)(4) Pub. L. 99–514 substituted “$100,000” for “$1,000”.

    § 7210 Failure to obey summons

    • § 7210 Pub. L. 99–514, as amended by Pub. L. 100–647, § 1017(c)(12), substituted “6427(j)(2)” for “6427(i)(2)”.

    § 7325 Personal property valued at $100,000 or less

    • § 7325 Pub. L. 99–514 substituted “$100,000” for “$2,500” in section catchline, introductory provisions, and par. (2), and…

    § 7422 Civil actions for refund

    • (g)(1)(B) Pub. L. 99–514 substituted “section 4963” for “section 4962”.

    § 7425 Discharge of liens

    • (c)(4) Pub. L. 99–514 added par. (4).

    § 7426 Civil actions by persons other than taxpayers

    • (g) Pub. L. 99–514 substituted “the overpayment rate established under section 6621” for “an annual rate established under…

    § 7430 Awarding of costs and certain fees

    • (a) Pub. L. 99–514, § 1551(f), inserted “(payable in the case of the Tax Court in the same manner as such an award by a…
    • (b) Pub. L. 99–514, § 1551(a), (b), redesignated pars. (2) to (4) as (1) to (3), respectively, added par. (4), and struck…
    • (c)(1)(A) Pub. L. 99–514, § 1551(c), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “The term…
    • (c)(2)(A) Pub. L. 99–514, § 1551(d), substituted “was not substantially justified” for “was unreasonable” in cl. (i), and added…
    • (c)(4) Pub. L. 99–514, § 1551(e), added par. (4).
    • (f) Pub. L. 99–514, § 1551(g), struck out subsec. (f), termination, which read as follows: “This section shall not apply to…

    § 7443A Special trial judges

    § 7447 Retirement

    • (a)(2) (a)(3) (a) Pub. L. 99–514, § 1557(d)(1), redesignated pars. (3) and (5) as (2) and (3), respectively, and struck out former par.…
    • (b)(2) Pub. L. 99–514, § 1557(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Any judge who has…
    • (e) Pub. L. 99–514, § 1557(d)(2), substituted “Office of Personnel Management” for “Civil Service Commission” in par. (4)…
    • (f) Pub. L. 99–514, § 1557(b), amended subsec. (f) generally. Prior to amendment, subsec. (f), individuals receiving…
    • (g)(2)(C) Pub. L. 99–514, § 1557(d)(3), substituted “Office of Personnel Management” for “Civil Service Commission”.

    § 7448 Annuities to surviving spouses and dependent children of judges and special trial judges

    • (c) Pub. L. 99–514, § 1559(a)(1)(A), (2)(A), substituted “Survivors annuity fund” for “Salary deductions” in heading…
    • (d) Pub. L. 99–514, § 1559(a)(1)(B), substituted “3.5 percent” for second reference to “3 percent”.
    • (g) Pub. L. 99–514, § 1559(c), struck out “of service” after “Termination” in heading and inserted “or if any judge ceases…
    • (h) Pub. L. 99–514, § 1559(a)(2)(B), substituted “subsection (c)(1)” for “subsection (c)” in introductory provisions.
    • (h) Pub. L. 99–514, § 1559(b)(1)(B), substituted “or such surviving spouse’s remarriage before attaining age 55” for “or…
    • (h)(2) Pub. L. 99–514, § 1559(b)(2)(A), substituted “the lesser of—
    • (h)(3) Pub. L. 99–514, § 1559(b)(2)(B), substituted “the lesser of—
    • (m) Pub. L. 99–514, § 1559(b)(1)(A), substituted “1.5 percent” for “1¼ percent” and “except that such annuity shall not…
    • (m) Pub. L. 99–514, § 1557(c), inserted last sentence.

    § 7456 Administration of oaths and procurement of testimony

    • (c) Pub. L. 99–514, § 1556(b)(1), redesignated subsec. (e) as (c). Former subsec. (c), which provided for the appointment…
    • (c) Pub. L. 99–514, § 1555(a), inserted last sentence.
    • § 7456 Pub. L. 99–514, § 1556(b)(1), struck out subsec. (d) which set out proceedings which could be assigned to special trial…
    • § 7456 Pub. L. 99–514, § 1556(b)(1), redesignated subsec. (e) as (c).

    § 7471 Employees

    • (c) Pub. L. 99–514 substituted “subsections (d) and (e) of section 7443A” for “section 7456(c)”.

    § 7472 Expenditures

    • § 7472 Pub. L. 99–514 substituted “Except as provided in section 7475, all” for “All” in second sentence.

    § 7473 Disposition of fees

    • § 7473 Pub. L. 99–514 substituted “Except as provided in section 7475, all” for “All”.

    § 7475 Practice fee

    § 7476 Declaratory judgments relating to qualification of certain retirement plans

    • (c) Pub. L. 99–514 substituted “plan, or” for “plan,, or”.

    § 7482 Courts of review

    • (a) Pub. L. 99–514, § 1558(a), (b), inserted par. (1) designation and heading “In general” before existing text and…
    • (b)(1) Pub. L. 99–514, § 1810(g)(2), substituted “section 7428 or 7476” for “section 7428, 7476, or 7477” in last sentence.
    • (b)(1)(E) Pub. L. 99–514, § 1899A(60), substituted “partnership.” for “partnership,”.

    § 7502 Timely mailing treated as timely filing and paying

    • (e)(3) Pub. L. 99–514 substituted “any tax” for “the tax”.

    § 7508 Time for performing certain acts postponed by reason of service in combat zone or contingency operation

    • (b) Pub. L. 99–514 amended last sentence generally. Prior to amendment, last sentence read as follows: “The preceding…

    § 7518 Tax incentives relating to merchant marine capital construction funds

    § 7603 Service of summons

    • § 7603 Pub. L. 99–514, as amended by Pub. L. 100–647, § 1017(c)(12), substituted “6427(j)(2)” for “6427(i)(2)”.

    § 7604 Enforcement of summons

    • (b) (c)(2) Pub. L. 99–514, as amended by Pub. L. 100–647, § 1017(c)(12), substituted “6427(j)(2)” for “6427(i)(2)”.

    § 7605 Time and place of examination

    • (a) Pub. L. 99–514, as amended by Pub. L. 100–647, § 1017(c)(12), substituted “6427(j)(2)” for “6427(i)(2)” in two places.

    § 7609 Special procedures for third-party summonses

    • (a)(3) Pub. L. 99–514, § 656(a), added subpar. (H).
    • (c)(1) Pub. L. 99–514, § 1703(e)(2)(G), as amended by Pub. L. 100–647, § 1017(c)(12), substituted “6427(j)(2)” for…
    • (e) Pub. L. 99–514, § 1561(a), amended subsec. (e) generally, designating existing provisions as par. (1), inserting…
    • (i)(4) Pub. L. 99–514, § 1561(b), added par. (4).

    § 7610 Fees and costs for witnesses

    • (c) Pub. L. 99–514, as amended by Pub. L. 100–647, § 1017(c)(12), substituted “6427(j)(2)” for “6427(i)(2)”.

    § 7611 Restrictions on church tax inquiries and examinations

    • (a)(1)(B) Pub. L. 99–514, § 1899A(62), reenacted subpar. (B) without change.
    • (i) Pub. L. 99–514, § 1899A(61), redesignated pars. (A) to (E) as (1) to (5), in par. (3), substituted “etc.)” for “etc)”…

    § 7651 Administration and collection of taxes in possessions

    • § 7651 Pub. L. 99–514 amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “For purposes of this…

    § 7652 Shipments to the United States

    • (g) Pub. L. 99–514 added subsec. (g).

    § 7654 Coordination of United States and certain possession individual income taxes

    • § 7654 Pub. L. 99–514 amended section generally, substituting provisions relating to coordination of United States and certain…

    § 7655 Cross references

    • (b) Pub. L. 99–514 added par. (1) and redesignated former pars. (1) and (2) as (2) and (3), respectively.

    § 7701 Definitions

    • (a)(17) Pub. L. 99–514, § 1842(d), inserted reference to section 2516.
    • (a)(19)(C)(xi) Pub. L. 99–514, § 671(b)(3), added cl. (xi).
    • (a)(20) Pub. L. 99–514, § 1166(a), inserted reference to section 125.
    • (a)(46) Pub. L. 99–514, § 1137, inserted last sentence.
    • (b)(1)(A) Pub. L. 99–514, § 1810(l)(2), substituted “the requirements of clause (i), (ii), or (iii)” for “the requirements of…
    • (b)(2)(A)(iv) Pub. L. 99–514, § 1810(l)(3), added cl. (iv).
    • (b)(4) Pub. L. 99–514, § 1810(l)(4), added par. (4). Former par. (4) redesignated (5).
    • (b)(5) Pub. L. 99–514, § 1810(l)(4), redesignated par. (4) as (5). Former par. (5) redesignated (6).
    • (b)(5)(A)(iv) Pub. L. 99–514, § 1810(l)(5)(A), which directed that cl. (iv) be added to subpar. (4)(A), was executed by adding cl.…
    • (b)(5)(E)(i) Pub. L. 99–514, § 1810(l)(1), inserted last sentence.
    • (b)(5)(E)(i) Pub. L. 99–514, § 1899A(63), substituted “preceding” for “preceeding”.
    • (b)(6) (b)(7) (b)(8) (b)(9) (b)(10) (b)(11) Pub. L. 99–514, § 1810(l)(4), redesignated pars. (5) to (10) as pars. (6) to (11), respectively.
    • (e)(4)(A) Pub. L. 99–514, § 201(d)(14)(A), substituted “section 168(h)” for “section 168(j)”.
    • (e)(4)(A) Pub. L. 99–514, § 1802(a)(9)(C), inserted at end “For purposes of this paragraph, the term ‘related entity’ has the…
    • (e)(5) Pub. L. 99–514, § 201(d)(14)(B), as amended by Pub. L. 100–647, § 1002(a)(2), substituted “property described in clause…
    • (e)(5) Pub. L. 99–514, § 1899A(64), substituted “section 168(c)(2)(F))” for “section 168(C)(2)(F))”.
    • (h) Pub. L. 99–514, § 201(c), added subsec. (h). Former subsec. (h), relating to cross references, was successively…
    • (i) Pub. L. 99–514, § 673, added subsec. (i). Former subsec. (i), relating to cross references, as previously redesignated…
    • (j) Pub. L. 99–514, § 1147(a), added subsec. (j). Former subsec. (j), relating to cross references, as previously…
    • (k) Pub. L. 99–514, §§ 201(c), 673, 1147(a), successively redesignated subsec. (h), relating to cross references, as…

    § 7702 Life insurance contract defined

    • (b)(2)(C) Pub. L. 99–514, § 1825(a)(2), substituted “subparagraphs (A) and (D)” for “subparagraphs (A) and (C)”.
    • (e)(1) Pub. L. 99–514, § 1825(a)(3), inserted “(other than subsection (d))” after “section”.
    • (e)(1)(B) Pub. L. 99–514, § 1825(a)(1)(A), substituted “shall be deemed to be no earlier than” for “shall be no earlier than”.
    • (e)(1)(C) Pub. L. 99–514, § 1821(a)(1)(C), added subpar. (C). Former subpar. (C) redesignated (D).
    • (e)(1)(D) Pub. L. 99–514, § 1821(a)(1)(C), (D), redesignated subpar. (C) as (D) and substituted “the maturity date determined by…
    • (e)(2)(C) Pub. L. 99–514, § 1825(a)(4), added subpar. (C).
    • (f)(1)(A) Pub. L. 99–514, § 1825(b)(2), substituted “less any excess premiums with respect to which there is a distribution…
    • (f)(7) Pub. L. 99–514, § 1825(b)(1), amended par. (7) generally. Prior to amendment, par. (7)(A), in general, read as follows…
    • (g)(1)(B)(ii) Pub. L. 99–514, § 1825(c), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the amount of…

    § 7703 Determination of marital status

    § 7851 Applicability of revenue laws

    • (a)(7) (e) Pub. L. 99–514 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”.

    § 7871 Indian tribal governments treated as States for certain purposes

    • (a)(4) Pub. L. 99–514, § 1301(j)(6), substituted “(relating to State and local bonds)” for “(relating to interest on certain…
    • (a)(6) Pub. L. 99–514, § 123(b)(3), redesignated subpars. (C) to (E), as previously redesignated by section 112(b)(4) of Pub.…
    • (a)(6) Pub. L. 99–514, § 112(b)(4), redesignated subpars. (B) to (F) as (A) to (E), respectively, and struck out former…
    • (a)(6) Pub. L. 99–514, § 1878(i), made technical amendment to directory language of Pub. L. 98–369, § 1065(b). See 1984…
    • (a)(6) Pub. L. 99–514, § 1899A(65), substituted “; and” for period at end.
    • (c)(2) Pub. L. 99–514, § 1301(j)(7), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Subsection (a)…

    § 7872 Treatment of loans with below-market interest rates

    • (d)(1)(E)(i) Pub. L. 99–514, § 511(d)(1), substituted “section 163(d)(4)” for “section 163(d)(3)”.
    • (f)(2)(B) Pub. L. 99–514, § 1812(b)(4), inserted “, compounded semiannually” before the period at end.
    • (f)(5) Pub. L. 99–514, § 1812(b)(3), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “The term…
    • (f)(9) Pub. L. 99–514, § 1812(b)(2), amended par. (9) generally, inserting the subpar. (A) designation and adding subpar. (B).
    • (f)(11) Pub. L. 99–514, § 1854(c)(2)(B), added par. (11) relating to special rule for certain employer security loans.