Source: http://taxtv.com/code/00779-USCODE-2011-title26-subtitleA-chap1-subchapP-partV-subpartB-sec1277/
Timestamp: 2017-06-28 17:14:37
Document Index: 622397614

Matched Legal Cases: ['§1277', '§1277', '§1277', '§41', '§901', '§902', '§1899', '§1018', '§13206', '§1616', '§1899', '§1899', '§901', '§902', '§1899', '§1277']

IRC §1277. Deferral of interest deduction allocable to accrued market discount - TaxTV.com
IRC §1277. Deferral of interest deduction allocable to accrued market discount
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For purposes of this section, the term “net direct interest expense” means, with respect to any market discount bond, the excess (if any) of—
(Added Pub. L. 98–369, div. A, title I, §41(a), July 18, 1984, 98 Stat. 545; amended Pub. L. 99– 4, title IX, §§901(d)(4)(F), §902(e)(2), title XVIII, §1899A(29)–(31), Oct. 22, 1986, 100 Stat. 2380, 2382, 2960; Pub. L. 100–647, title I, §1018(u)(31), Nov. 10, 1988, 102 Stat. 3592; Pub. L. 103–66, title XIII, §13206(b)(1)(B), Aug. 10, 1993, 107 Stat. 465; Pub. L. 104–188, title I, §1616(b)(14), Aug. 20, 1996, 110 Stat. 1857.)
1986—Subsec. (b)(1)(C). Pub. L. 99– 4, §1899A(29), substituted “this paragraph” for “this paragaph”.
Subsec. (b)(2)(C). Pub. L. 99– 4, §1899A(30), substituted “paragraph (1)” for “paragraph 1” in heading.
Subsec. (c). Pub. L. 99– 4, §901(d)(4)(F), substituted “which is a bank (as defined in section 585(a)(2) or to which section 593 applies” for “to which section 585 or 593 applies”.
Pub. L. 99– 4, §902(e)(2), substituted “section 265(a)(5)” for “section 265(5)”.
Subsec. (d). Pub. L. 99– 4, §1899A(31), substituted “July 18, 1984” for “the date of the enactment of this section”.
Amendment by section 901(d)(4)(F) of Pub. L. 99– 4 applicable to taxable years beginning after Dec. 31, 1986, see section 901(e) of Pub. L. 99– 4, set out as a note under section 166 of this title.
Amendment by section 902(e)(2) of Pub. L. 99– 4 applicable to taxable years ending after Dec. 31, 1986, with certain exceptions and qualifications, see section 902(f) of Pub. L. 99– 4, set out as a note under section 265 of this title.
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