Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section46&num=0&edition=prelim
Timestamp: 2020-01-29 09:21:03
Document Index: 482173978

Matched Legal Cases: ['§ 46', '§2', '§201', '§1', '§2', '§3', '§2', '§301', '§401', '§703', '§102', '§2001', '§301', '§503', '§802', '§1607', '§1701', '§1901', '§2112', '§141', '§311', '§703', '§241', '§301', '§101', '§221', '§207', '§302', '§201', '§201', '§205', '§201', '§306', '§5', '§541', '§102', '§202', '§122', '§16', '§431', '§713', '§201', '§421', '§1802', '§1002', '§4006', '§7106', '§11406', '§322', '§1307', '§1302', '§9023', '§220', '§9023', '§11813', '§7106', '§4006', '§7814', '§1847', '§474', '§546', '§205', '§212', '§101', '§301', '§802', '§301', '§106', '§301', '§3', '§9023', '§1302', '§1307', '§322', '§251', '§1002', '§421', '§431', '§541', '§2', '§205', '§211', '§212', '§102', '§2', '§332', '§223', '§312', '§313', '§316', '§703', '§802', '§803', '§805', '§2', '§2112', '§301', '§305', '§102', '§2', '§105', '§2', '§106', '§107', '§108', '§2', '§4', '§2', '§2', '§475', '§209', '§2', '§301', '§802', '§141', '§105', '§2']

[USC02] 26 USC 46: Amount of credit
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26 USC 46: Amount of credit Text contains those laws in effect on January 28, 2020
(Added Pub. L. 87–834, §2(b), Oct. 16, 1962, 76 Stat. 963 ; amended Pub. L. 88–272, title II, §201(d)(4), Feb. 26, 1964, 78 Stat. 32 ; Pub. L. 89–384, §1(c)(1), Apr. 8, 1966, 80 Stat. 102 ; Pub. L. 89–389, §2(b)(5), Apr. 14, 1966, 80 Stat. 114 ; Pub. L. 89–800, §3, Nov. 8, 1966, 80 Stat. 1514 ; Pub. L. 90–225, §2(a), Dec. 27, 1967, 81 Stat. 731 ; Pub. L. 91–172, title III, §301(b)(4), title IV, §401(e)(1), title VII, §703(b), Dec. 30, 1969, 83 Stat. 585 , 603, 666; Pub. L. 92–178, title I, §§102(a)(1), (b), 105(a)–(c), 106(a)–(c), 107(a)(1), 108(a), Dec. 10, 1971, 85 Stat. 499 , 503, 506, 507; Pub. L. 93–406, title II, §§2001(g)(2)(B), 2002(g)(2), 2005(c)(4), Sept. 2, 1974, 88 Stat. 957 , 968, 991; Pub. L. 94–12, title III, §301(a), (b)(1)–(3), 302(a), (b)(1), Mar. 29, 1975, 89 Stat. 36 , 37, 40, 43; Pub. L. 94–455, title V, §503(b)(4), title VIII, §§802(a), (b)(1)–(5), 803(a), (b)(1), 805(a), title XVI, §1607(b)(1)(B), title XVII, §§1701(b), 1703, title XIX, §§1901(a)(4), (b)(1)(C), 1906(b)(13)(A), title XXI, §2112(a)(2), Oct. 4, 1976, 90 Stat. 1562 , 1580-1583, 1596, 1756, 1759, 1761, 1764, 1790, 1834, 1905; Pub. L. 95–600, title I, §141(e), (f)(2), title III, §§311(a), (c), 312(a), (b), (c)(2), 313(a), 316(a), (b)(1), (2), title VII, §703(a)(1), (2), (j)(9), Nov. 6, 1978, 92 Stat. 2794 , 2795, 2824-2826, 2829, 2939, 2941; Pub. L. 95–618, title II, §241(a), title III, §301(a), (c)(1), Nov. 9, 1978, 92 Stat. 3192 , 3194, 3199; Pub. L. 96–222, title I, §§101(a)(7)(A), (L)(iii)(I), (v)(I), (M)(i), 103(a)(2)(A), (B)(i)–(iii), (3), (4)(A), 107(a)(3)(A), Apr. 1, 1980, 94 Stat. 197 , 200, 201, 208, 209, 223; Pub. L. 96–223, title II, §§221(a), 222(e)(2), 223(b)(1), Apr. 2, 1980, 94 Stat. 260 , 263, 266; Pub. L. 97–34, title II, §§207(c)(1), 211(a)(1), (b), (d), (e)(1), (2), (f)(1), 212(a)(1), (2), title III, §§302(c)(3), (d)(1), 332(a), Aug. 13, 1981, 95 Stat. 225 , 227-229, 235, 236, 272, 274, 296; Pub. L. 97–248, title II, §201(d)(8)(A), formerly §201(c)(8)(A), §§205(b), 265(b)(2)(A)(i), Sept. 3, 1982, 96 Stat. 420 , 430, 547, renumbered §201(d)(8)(A), Pub. L. 97–448, title III, §306(a)(1)(A)(i), Jan. 12, 1983, 96 Stat. 2400 ; Pub. L. 97–354, §5(a)(4)–(6), Oct. 19, 1982, 96 Stat. 1692 ; Pub. L. 97–424, title V, §§541(b), 546(b), Jan. 6, 1983, 96 Stat. 2192 , 2199; Pub. L. 97–448, title I, §102(e)(1), (f)(5), title II, §202(f), Jan. 12, 1983, 96 Stat. 2370 , 2372, 2396; Pub. L. 98–21, title I, §122(c)(1), Apr. 20, 1983, 97 Stat. 87 ; Pub. L. 98–369, div. A, title I, §§16(a), 31(f), 113(b)(2)(B), title IV, §§431(a), (b)(1), (d)(1)–(3), 474(o)(1)–(7), title VII, §713(c)(1)(C), July 18, 1984, 98 Stat. 505 , 521, 637, 805, 807, 810, 834-836, 957; Pub. L. 99–514, title II, §§201(d)(7)(B), 251(a), title IV, §421(a), (b), title XVIII, §§1802(a)(6), (8), 1844(a), (b)(3), (5), 1847(b)(11), 1848(a), Oct. 22, 1986, 100 Stat. 2141 , 2183, 2229, 2789, 2855, 2857; Pub. L. 100–647, title I, §§1002(a)(4), (15), (17), (25), 1009(a)(1), 1013(a)(44), title IV, §4006, Nov. 10, 1988, 102 Stat. 3353 , 3355, 3356, 3445, 3545, 3652; Pub. L. 101–239, title VII, §§7106, 7814(d), Dec. 19, 1989, 103 Stat. 2306 , 2413; Pub. L. 101–508, title XI, §§11406, 11813(a), Nov. 5, 1990, 104 Stat. 1388–474 , 1388-536; Pub. L. 108–357, title III, §322(d)(1), Oct. 22, 2004, 118 Stat. 1475 ; Pub. L. 109–58, title XIII, §1307(a), Aug. 8, 2005, 119 Stat. 999 ; Pub. L. 111–5, div. B, title I, §1302(a), Feb. 17, 2009, 123 Stat. 345 ; Pub. L. 111–148, title IX, §9023(b), Mar. 23, 2010, 124 Stat. 880 ; Pub. L. 113–295, div. A, title II, §220(c), Dec. 19, 2014, 128 Stat. 4035 .)
2014-Par. (4). Pub. L. 113–295 inserted a comma at end.
2010-Par. (2). Pub. L. 111–148, §9023(b)(1), inserted a comma at end.
2009-Par. (5). Pub. L. 111–5 added par. (5).
2005-Pub. L. 109–58 struck out "and" at end of par. (1), struck out period at end of par. (2), and added pars. (3) and (4).
2004-Pub. L. 108–357 inserted "and" at end of par. (1), substituted a period for ", and" at end of par. (2), and struck out par. (3) which read as follows: "the reforestation credit."
1990-Pub. L. 101–508, §11813(a), amended section generally, substituting present provisions for provisions relating to amount of investment credit, determination of percentages, qualified investments and qualified progress expenditures, limitations with respect to certain persons, a limitation in the case of certain regulated companies, a 50 percent credit in the case of certain vessels, and special rule for cooperatives.
1989-Subsec. (b)(2)(A). Pub. L. 101–239, §7106, substituted "Sept. 30, 1990" for "Dec. 31, 1989" in table items (viii) C., (ix) B., and (x).
1988-Subsec. (b)(2)(A). Pub. L. 100–647, §4006, as amended by Pub. L. 101–239, §7814(d), substituted "1989" for "1988" in table items (viii) C., (ix) B., and (x).
1986-Subsec. (b)(2)(A). Pub. L. 99–514, §1847(b)(11), substituted "48(l)(3)(A)(viii)" for "48(l)(3)(A)(vii)" in table item (ii).
1984-Subsec. (a). Pub. L. 98–369, §474(o)(1), amended subsec. (a) generally, so as to contain provisions relating to amount of investment credit, which formerly constituted only par. (2)(A)(i), (ii), and (iv) of subsec. (a).
1983-Subsec. (a)(2)(C)(i). Pub. L. 97–424, §546(b), added section VII to the table.
1982-Subsec. (a)(3)(B). Pub. L. 97–248, §205(b)(1), substituted "85 percent" for "the following percentage", substituted a period for the colon, and struck out table of percentages at end of subpar. (B).
1981-Subsec. (a)(2)(A)(iv). Pub. L. 97–34, §212(a)(1), added cl. (iv).
1980-Subsec. (a)(2)(A). Pub. L. 96–222, §101(a)(7)(L)(iii)(I), substituted "employee plan" for "ESOP".
1978-Subsec. (a)(2). Pub. L. 95–618, §301(a)(1), among other changes, inserted provisions relating to an alternative energy property tax credit which would pay for a certain percentage of the cost of equipment which uses sources of energy other than oil and gas and of associated pollution control, handling, and preparation equipment.
1976-Subsec. (a)(1). Pub. L. 94–455, §802(a)(2), added par. (1) and struck out former par. (1) which related to the percentage of allowable credit under section 38.
1975-Subsec. (a)(1). Pub. L. 94–12, §301(a), designated existing provisions as subpar. (A), substituted "Except as otherwise provided in this paragraph, in the case of a property described in subparagraph (D), the" for "The", "10 percent" for "7 percent", and "(as determined under subsections (c) and (d))" for "(as defined in subsection (c))" in subpar. (A) as so designated, and added subpars. (B), (C), and (D).
1974-Subsec. (a)(3). Pub. L. 93–406 inserted reference to section 402(e) (relating to tax on lump sum distributions), section 72(m)(5)(B) (relating to 10 percent tax on premature distributions to owner-employees), and section 408(e) (relating to additional tax on income from certain retirement accounts).
1971-Subsec. (b)(1). Pub. L. 92–178, §106(b), inserted concluding sentence "In the case of an unused credit for an unused credit year ending before January 1, 1971, which is an investment credit carryover to a taxable year beginning after December 31, 1970 (determined without regard to this sentence), this paragraph shall be applied by substituting '10 taxable years' for '7 taxable years' in subparagraph (B) and by substituting '13 taxable years' for '10 taxable years' and '12 taxable years' for '9 taxable years' in the preceding sentence."
1969-Subsec. (a)(3). Pub. L. 91–172, §301(b)(4), inserted "section 56 (relating to minimum tax for tax preference),".
1967-Subsec. (b). Pub. L. 90–225 struck out par. (3) which provided that to the extent that the excess described in par. (1) of this subsection arises by reason of net operating loss carryback, subpar. (A) of par. (1) of this subsection shall not apply.
1966-Subsec. (a)(2). Pub. L. 89–800, §3(a), inserted "for taxable years ending on or before the last day of the suspension period (as defined in section 48(j))," at beginning of subpar. (B), and added subpar. (C) and provisions following subpar. (C) covering the application of subpar. (C) and the reduction of the amount otherwise determined under par. (2) by the credit allowable but for the application of section 48(h)(1).
1964-Subsec. (a)(3)(B) to (D). Pub. L. 88–272 struck out subpar. (B) relating to section 34, and redesignated subpars. (C) and (D) as (B) and (C), respectively.
Pub. L. 111–148, title IX, §9023(f), Mar. 23, 2010, 124 Stat. 883 , provided that: "The amendments made by subsections (a) through (d) of this section [enacting section 48D of this title and amending this section and sections 49 and 280C of this title] shall apply to amounts paid or incurred after December 31, 2008, in taxable years beginning after such date."
Pub. L. 111–5, div. B, title I, §1302(d), Feb. 17, 2009, 123 Stat. 348 , provided that: "The amendments made by this section [enacting section 48C of this title and amending this section and section 49 of this title] shall apply to periods after the date of the enactment of this Act [Feb. 17, 2009], under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990 [Nov. 5, 1990])."
Pub. L. 109–58, title XIII, §1307(d), Aug. 8, 2005, 119 Stat. 1006 , provided that: "The amendments made by this section [enacting sections 48A and 48B of this title and amending this section and section 49 of this title] shall apply to periods after the date of the enactment of this Act [Aug. 8, 2005], under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990 [Nov. 5, 1990])."
Pub. L. 108–357, title III, §322(e), Oct. 22, 2004, 118 Stat. 1476 , provided that: "The amendments made by this section [amending this section and sections 48, 50, and 194 of this title] shall apply with respect to expenditures paid or incurred after the date of the enactment of this Act [Oct. 22, 2004]."
Pub. L. 99–514, title II, §251(d), Oct. 22, 1986, 100 Stat. 2186 , as amended by Pub. L. 100–647, title I, §1002(k), Nov. 10, 1988, 102 Stat. 3371 , provided that:
"(1) In general.-Except as otherwise provided in this subsection, the amendments made by this section [amending this section and section 48 of this title] shall apply to property placed in service after December 31, 1986, in taxable years ending after such date.
"(2) General transitional rule.-The amendments made by this section and section 201 [amending this section and sections 48, 167, 168, 178, 179, 280F, 291, 312, 465, 467, 514, 751, 1245, 4162, 6111, and 7701 of this title] shall not apply to any property placed in service before January 1, 1994, if such property is placed in service as part of-
"(B) a rehabilitation incurred in connection with property (including any leasehold interest) acquired before March 2, 1986, or acquired on or after such date pursuant to a written contract that was binding on March 1, 1986, if-
"(3) Certain additional rehabilitations.-The amendments made by this section and section 201 [amending this section and sections 48, 167, 168, 178, 179, 280F, 291, 312, 465, 467, 514, 751, 1245, 4162, 6111, and 7701 of this title] shall not apply to-
"(4) Additional rehabilitations.-The amendments made by this section and section 201 [amending sections 46, 48, 167, 168, 178, 179, 280F, 291, 312, 465, 467, 514, 751, 1245, 4162, 6111, and 7701 of this title] shall not apply to-
"(5) Reduction in credit for property under transitional rules.-In the case of property placed in service after December 31, 1986, and to which the amendments made by this section [amending this section and sections 47 and 48 of this title] do not apply, subparagraph (A) of section 46(b)(4) of the Internal Revenue Code of 1954 [now 1986] (as in effect before the enactment of this Act) shall be applied-
"(6) Expensing of rehabilitation expenses for the frankford arsenal.-In the case of any expenditures paid or incurred in connection with improvements (including repairs and maintenance) of the Frankford Arsenal pursuant to a contract and partnership agreement during the 8-year period specified in the contract or agreement, all such expenditures to be made during the period 1986 through and including 1993 shall-
"(C) be allocated in accordance with the partnership agreement regardless of when the interest in the partnership was acquired, except that-
"(ii) no interest under section 6611 of the 1986 Code on any refund of income taxes which is solely attributable to this paragraph shall be paid for the period-
"(7) Special rule.-In the case of the rehabilitation of the Willard Hotel in Washington, D.C., section 205(c)(1)(B)(ii) of the Tax Equity and Fiscal Responsibility Act of 1982 [section 205(c)(1)(B)(ii) of Pub. L. 97–248, set out as a note under section 196 of this title] shall be applied by substituting '1987' for '1986'."
Pub. L. 99–514, title IV, §421(c), Oct. 22, 1986, 100 Stat. 2229 , provided that: "The amendments made by this section [amending this section] shall apply to periods beginning after December 31, 1985, under rules similar to rules under section 48(m) of the Internal Revenue Code of 1986."
Pub. L. 98–369, div. A, title IV, §431(e), July 18, 1984, 98 Stat. 810 , provided:
"(1) In general.-The amendments made by this section [amending this section and sections 47 and 48 of this title] shall apply to property placed in service after the date of the enactment of this Act [July 18, 1984] in taxable years ending after such date; except that such amendments shall not apply to any property to which the amendments made by section 211(f) of the Economic Recovery Tax Act of 1981 [section 211(f) of Pub. L. 97–34, amending sections 46 and 47 of this title] do not apply.
"(2) Amendments may be elected retroactively.-At the election of the taxpayer, the amendments made by this section shall apply as if included in the amendments made by section 211(f) of the Economic Recovery Tax Act of 1981. Any election made under the preceding sentence shall apply to all property of the taxpayer to which the amendments made by such section 211(f) apply and shall be made at such time and in such manner as the Secretary of the Treasury or his delegate may by regulations prescribe."
Pub. L. 97–424, title V, §541(c), Jan. 6, 1983, 96 Stat. 2193 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that:
"(1) General rule.-The amendments made by subsections (a) and (b) [amending this section and sections 167 and 168 of this title] shall apply to taxable years beginning after December 31, 1979.
"(2) Special rule for periods beginning before march 1, 1980.-
"(A) In general.-Subject to the provisions of paragraphs (3) and (4), notwithstanding the provisions of sections 167(l) and 46(f) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] and of any regulations prescribed by the Secretary of the Treasury (or his delegate) under such sections, the use for ratemaking purposes or for reflecting operating results in the taxpayer's regulated books of account, for any period before March 1, 1980, of-
"(B) Qualified order defined.-For purposes of this subsection, the term "qualified order" means an order-
"(3) Limitations on application of paragraph (2).-
"(A) Paragraph (2) not to apply to amounts actually flowed through.-Paragraph (2) shall not apply to the amount of any-
"(B) Taxpayer must enter into closing agreement before paragraph (2) applies.-Paragraph (2) shall not apply to any taxpayer unless, before the later of-
"(4) Special rules relating to payment of refunds or interest by the united states or the taxpayer.-
"(A) Refund defined.-For purposes of this subsection, the term "refund" shall include any credit allowed by the taxpayer under a qualified order but shall not include interest payable with respect to any refund (or credit) under such order.
"(B) No interest payable by united states.-No interest shall be payable under section 6611 of the Internal Revenue Code of 1986 on any overpayment of tax which is attributable to the application of paragraph (2).
"(C) Payments may be made in two equal installments.-
"(i) In general.-The taxpayer may make any payment required by reason of paragraph (3) in 2 equal installments, the first installment being due on the last date on which a taxpayer may enter into a closing agreement under paragraph (3)(B), and the second payment being due 1 year after the last date for the first payment.
"(ii) Interest payments.-For purposes of section 6601 of such Code, the last date prescribed for payment with respect to any payment required by reason of paragraph (3) shall be the last date on which such payment is due under clause (i).
"(5) No inference.-The application of subparagraph (G) of section 167(l)(3) of the Internal Revenue Code of 1986, and the application of paragraphs (1) and (2) of section 46(f) of such Code, to taxable years beginning before January 1, 1980, shall be determined without any inference drawn from the amendments made by subsections (a) and (b) of this section [amending this section and sections 167 and 168 of this title] or from the rules contained in paragraphs (2), (3), and (4). Nothing in the preceding sentence shall be construed to limit the relief provided by paragraphs (2), (3), and (4)."
Pub. L. 97–248, title II, §205(c)(2), Sept. 3, 1982, 96 Stat. 431 , provided that: "The amendments made by subsection (b) [amending this section] shall apply to taxable years beginning after December 31, 1982."
Pub. L. 97–34, title II, §211(i), Aug. 13, 1981, 95 Stat. 235 , provided that:
"(1) In general.-Except as provided in this subsection, the amendments made by this section [amending this section and sections 47 and 48 of this title] shall apply to property placed in service after December 31, 1980.
"(2) Progress expenditures.-The amendments made by subsection (b) [amending this section] shall apply to progress expenditures made after December 31, 1980.
"(3) Petroleum storage facilities.-The amendments made by subsection (c) [amending this section] shall apply to periods after December 31, 1980, under rules similar to the rules under section 48(m).
"(4) Noncorporate lessors.-The amendments made by subsection (d) [amending this section] shall apply to leases entered into after June 25, 1981.
"(5) At risk rules.-
"(A) In general.-The amendment made by subsection (f) [amending this section and section 47 of this title] shall not apply to-
"(B) Binding contract.-For purposes of subparagraph (A)(ii), property acquired pursuant to a binding contract shall, under regulations prescribed by the Secretary, include property acquired in a manner so that it would have qualified as pretermination property under section 49(b) (as in effect before its repeal by the Revenue Act of 1978) [Pub. L. 95–600].
"(6) Leased rolling stock.-The amendment made by subsection (h) [amending section 48 of this title] shall apply to taxable years beginning after December 31, 1980."
Pub. L. 97–34, title II, §212(e), Aug. 13, 1981, 95 Stat. 239 , as amended by Pub. L. 97–448, title I, §102(f)(1), Jan. 12, 1983, 96 Stat. 2371 ; Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that:
"(1) In general.-Except as provided in paragraph (2), the amendments made by this section [amending this section and sections 48, 57, 167, 280B, 642, 1016, 1082, 1245, and 1250 of this title and repealing section 191 of this title] shall apply to expenditures incurred after December 31, 1981, in taxable years ending after such date.
"(2) Transitional rule.-The amendments made by this section shall not apply with respect to any rehabilitation of a building if-
Pub. L. 97–34, title III, §332(c)(1), Aug. 13, 1981, 95 Stat. 296 , provided that: "The amendments made by subsection (a) [amending this section] shall be effective on the date of enactment of this Act [Aug. 13, 1981]."
Pub. L. 96–223, title II, §223(b)(3), Apr. 2, 1980, 94 Stat. 266 , provided that: "The amendments made by this subsection [amending this section and section 6401 of this title] shall apply to qualified investment for taxable years beginning after December 31, 1979."
Pub. L. 95–600, title III, §312(d), Nov. 6, 1978, 92 Stat. 2826 , provided that: "The amendments made by this section [amending this section and sections 48 and 167 of this title and repealing sections 49 and 50 of this title] shall apply to taxable years ending after December 31, 1978."
Pub. L. 95–600, title III, §313(b), Nov. 6, 1978, 92 Stat. 2827 , provided that:
"The amendment made by subsection (a) [amending this section] shall apply to-
Pub. L. 95–600, title III, §316(c), Nov. 6, 1978, 92 Stat. 2830 , provided that: "The amendments made by this section [amending this section and section 1388 of this title] shall apply to taxable years ending after October 31, 1978."
Pub. L. 95–600, title VII, §703(r), Nov. 6, 1978, 92 Stat. 2944 , provided that: "Except as otherwise provided, the amendments made by this section [amending this section and sections 48, 103, 447, 453, 501, 801, 911, 995, 996, 999, 1033, 1212, 1375, 1402, 1561, 4041, 4911, 6104, 6427, 6501, 6504, 6511, 7609 of this title and sections 402, 405, 410, and 411 of Title 42, The Public Health and Welfare, enacting provisions set out as notes under sections 103, 311, 443, 501, and 4973 of this title, and amending provisions set out as notes under section 120, 311, 907, 995, 2011, 2501, and 4940 of this title] shall take effect on October 4, 1976."
Pub. L. 94–455, title VIII, §802(c), Oct. 4, 1976, 90 Stat. 1583 , provided that: "The amendments made by this section [amending this section and section 48 of this title and provisions set out below] shall apply to taxable years beginning after December 31, 1975."
Pub. L. 94–455, title VIII, §803(j), Oct. 4, 1976, 90 Stat. 1591 , provided that:
"(1) General rule.-Except as provided in paragraph (2), the amendments made by this section [see Tables for classification of section 803 of Pub. L. 94–455] shall apply for taxable years beginning after December 31, 1974.
Pub. L. 94–455, title VIII, §805(b), Oct. 4, 1976, 90 Stat. 1597 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that:
"(1) In general.-Except as provided in subparagraph (B), the amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after December 31, 1975, in the case of property placed in service after such date.
"(2) Section 46(g)(4).-Section 46(g)(4) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as added by subsection (a)) shall apply to taxable years beginning after December 31, 1975."
Pub. L. 94–455, title XXI, §2112(d)(1), Oct. 4, 1976, 90 Stat. 1906 , provided that: "The amendments made by subsection (a) [amending this section and section 48 of this title] shall apply to-
Pub. L. 94–12, title III, §301(b)(4), Mar. 29, 1975, 89 Stat. 38 , provided that: "The amendment made by paragraph (1) of this subsection [amending this section] shall apply to property placed in service after January 21, 1975, in taxable years ending after January 21, 1975. The amendments made by paragraphs (2) and (3) [amending this section] shall apply to taxable years ending after December 31, 1974."
Pub. L. 94–12, title III, §305(a), Mar. 29, 1975, 89 Stat. 45 , provided that: "The amendments made by section 302 [amending this section and sections 47, 48, and 50B of this title] shall apply to taxable years ending after December 31, 1974."
Pub. L. 92–178, title I, §102(d)(1), (2), Dec. 10, 1971, 85 Stat. 500 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that:
Pub. L. 92–178, title I, §105(d), Dec. 10, 1971, 85 Stat. 505 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that: "The amendments made by this section [amending this section and enacting provisions set out below] shall apply to property described in section 50 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954]."
Pub. L. 92–178, title I, §106(d), Dec. 10, 1971, 85 Stat. 506 , provided that: "The amendments made by subsections (a), (b), and (c)(2) [amending this section] shall apply to taxable years beginning after December 31, 1970. The amendments made by subsection (c)(1) [amending this section] shall apply to taxable years ending after August 15, 1971."
Pub. L. 92–178, title I, §107(a)(2), Dec. 10, 1971, 85 Stat. 507 , provided that: "The repeals made by paragraph (1) [amending this section and section 47 of this title] shall apply to casualties and thefts occurring after August 15, 1971."
Pub. L. 92–178, title I, §108(d), Dec. 10, 1971, 85 Stat. 508 , provided that: "The amendments made by subsections (a) and (b) [amending this section and section 48 of this title] shall apply to leases entered into after September 22, 1971. The amendment made by subsection (c) [amending section 48 of this title] shall apply to leases entered into after November 8, 1971."
Pub. L. 90–225, §2(g), Dec. 27, 1967, 81 Stat. 732 , provided that: "The amendments made by this section [amending this section and sections 6411, 6501, 6511, 6601, and 6611 of this title] shall apply with respect to investment credit carrybacks attributable to net operating loss carrybacks from taxable years ending after July 31, 1967."
Pub. L. 89–800, §4, Nov. 8, 1966, 80 Stat. 1514 , provided that: "The amendments made by this Act [amending this section and sections 48 and 167 of this title] shall apply to taxable years ending after October 9, 1966, except that the amendments made by section 3(b) [amending this section] shall apply only if the fifth taxable year following the unused credit year ends after December 31, 1966."
Pub. L. 89–389, §2(c), Apr. 14, 1966, 80 Stat. 114 , provided that: "The amendments made by this section [enacting section 1378 of this title and amending this section and sections 1372, 1373, and 1375 of this title] shall apply with respect to taxable years of electing small business corporations beginning after the date of enactment of this Act [Apr. 14, 1966], but such amendments shall not apply with respect to sales or exchanges occurring before February 24, 1966."
Pub. L. 87–834, §2(h), Oct. 16, 1962, 76 Stat. 973 , provided that: "The amendments made by this section [enacting this section and sections 38, 47, 48, and 181 of this title, amending sections 381, 1016, 6501, 6511, 6601, and 6611 of this title, and renumbering former section 38 as section 39 of this title] shall apply with respect to taxable years ending after December 31, 1961."
Pub. L. 98–369, title IV, §475(c), July 18, 1984, 98 Stat. 847 , provided that: "Nothing in the amendments made by section 474(o) [amending this section and sections 47 and 48 of this title] shall be construed as reducing the amount of any credit allowable for qualified investment in taxable years beginning before January 1, 1984."
Pub. L. 97–34, title II, §209(d)(2), Aug. 13, 1981, 95 Stat. 227 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that: "If, by the terms of the applicable rate order last entered before the date of the enactment of this Act [Aug. 13, 1981] by a regulatory commission having appropriate jurisdiction, a regulated public utility would (but for this provision) fail to meet the requirements of paragraph (1) or (2) of section 46(f) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] with respect to property for an accounting period ending after December 31, 1980, such regulated public utility shall not fail to meet such requirements if, by the terms of its first rate order determining cost of service with respect to such property which becomes effective after the date of the enactment of this Act and on or before January 1, 1983, such regulated public utility meets such requirements. This provision shall not apply to any rate order which, under the rules in effect before the date of the enactment of this Act was inconsistent with the requirements of paragraph (1) or (2) of section 46(f) of such Code (whichever would have been applicable)."
Pub. L. 94–12, title III, §301(d)–(f), Mar. 29, 1975, 89 Stat. 38 , as amended by Pub. L. 94–455, title VIII, §§802(b)(7), 803(c)–(e), Oct. 4, 1976, 90 Stat. 1583–1588 , relating to plan requirements for taxpayers electing additional credit, was repealed by Pub. L. 95–600, title I, §141(f)(1), Nov. 6, 1978, 92 Stat. 2795 .
Pub. L. 92–178, title I, §105(e), Dec. 10, 1971, 85 Stat. 506 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that: "Section 203(e) of the Revenue Act of 1964 [set out as note under section 38 of this title] shall not apply to public utility property to which section 46(e) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as added by subsection (c)) [subsec. (e) of this section] applies."