26 U.S. Code § 843 - Annual accounting period

For purposes of this subtitle, the annual accounting period for each insurance company subject to a tax imposed by this subchapter shall be the calendar year. Under regulations prescribed by the Secretary, an insurance company which joins in the filing of a consolidated return (or is required to so file) may adopt the taxable year of the common parent corporation even though such year is not a calendar year.

Source

(Added Mar. 13, 1956, ch. 83, § 4(a),70 Stat. 48; amended Pub. L. 94–455, title XV, § 1507(b)(2),Oct. 4, 1976, 90 Stat. 1740.)
Amendments

1976—Pub. L. 94–455inserted provision permitting an insurance company which joins in the filing of a consolidated return to adopt the taxable year of the common parent corporation even though such year is not a calendar year.
Effective Date of 1976 Amendment

Amendment by Pub. L. 94–455applicable to taxable years beginning after Dec. 31, 1980, see section 1507(c)(1) ofPub. L. 94–455, set out as a note under section 1504 of this title.
Effective Date

Section applicable only to taxable years beginning after Dec. 31, 1954, see Effective Date of 1956 Amendment note set out under section 316 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.

26 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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