26 U.S. Code § 721. Nonrecognition of gain or loss on contribution
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(a) General rule
(b) Special rule
(c) Regulations relating to certain transfers to partnerships
(d) Transfers of intangibles
1997—Subsec. (c). Pub. L. 105–34, § 1131(b)(3), added subsec. (c).
Subsec. (d). Pub. L. 105–34, § 1131(b)(5)(B), added subsec. (d).
Effective Date of 1976 Amendment
“(4) The amendments made by subsections (b) and (c) shall not apply to transfers to a partnership made on or before the 90th day after the date of the enactment of this Act [Oct. 4, 1976] if—
a ruling request with respect to such transfers was filed with the Internal Revenue Service before March 27, 1976, or
a registration statement with respect to such transfers was filed with the Securities and Exchange Commission before March 27, 1976,
the securities transferred were deposited on or before the 60th day after the date of the enactment of this Act [Oct. 4, 1976], and
the securities transferred were all on deposit on February 29, 1976, pursuant to a registration statement referred to in subparagraph (A)(ii).
“(5) If no registration statement was required to be filed with the Securities and Exchange Commission with respect to the transfer of securities to any partnership, then paragraph (4) shall be applied to such transfers—
as if paragraph (4) did not contain subparagraph (A)(ii) thereof, and
by substituting ‘$25,000,000’ for ‘$100,000,000’ in subparagraph (C)(i) thereof.”