1990—Pub. L. 101–508struck out par. (2) and redesignated the succeeding pars. accordingly, which was executed with respect to the succeeding pars. (consisting of pars. (3) to (7)) by redesignating such pars. as (2) to (6), respectively. Prior to amendment, par. (2) provided a cross reference to section
1481 for overpayment in certain renegotiations of war contracts.
1978—Par. (6). Pub. L. 95–600inserted “regulated investment company or” before “real estate investment trust” and substituted “section
860” for “section
859”. Notwithstanding the directory language that the amendment be made to par. (5), the amendment was executed to par. (6) to reflect the probable intent of Congress.
1976—Par. (1). Pub. L. 94–455, § 1901(b)(36)(D), (b)(37)(E), redesignated par. (3) as (1). Former par. (1), which referred to section
1321 for adjustments incident to involuntary liquidation of inventory, was struck out.
Par. (2). Pub. L. 94–455, § 1901(b)(37)(E), redesignated par. (4) as (2). Former par. (2), which referred to section
1335 for war loss recoveries where the prior benefit rule was elected, was struck out.
Pars. (3) to (7). Pub. L. 94–455, § 1901(b)(37)(E), redesignated pars. (3) to (7) as (1) to (5), respectively.
Amendment by Pub. L. 97–248applicable to partnership taxable years beginning after Sept. 3, 1982, with provision for applicability of amendment to any partnership taxable year ending after Sept. 3, 1982, if partnership, each partner, and each indirect partner requests such application and Secretary of the Treasury or his delegate consents to such application, see section 407(a)(1), (3) ofPub. L. 97–248, set out as an Effective Date note under section
6221 of this title.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95–600applicable with respect to determinations (as defined in section
860(e) of this title) after Nov. 6, 1978, see section 362(e) ofPub. L. 95–600, set out as an Effective Date note under section
860 of this title.
Effective Date of 1976 Amendment
For effective date of amendment by section 1601(f)(3) ofPub. L. 94–455, see section 1608(a) ofPub. L. 94–455, set out as a note under section
857 of this title.
Amendment by section 1901(b)(36)(D), (37)(E) ofPub. L. 94–455applicable with respect to taxable years beginning after Dec. 31, 1976, see section 1901(d) ofPub. L. 94–455, set out as a note under section
2 of this title.
For provisions that nothing in amendment by Pub. L. 101–508be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(b) ofPub. L. 101–508, set out as a note under section
45K of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.