Source: http://www.law.cornell.edu/uscode/text/26/1?quicktabs_8=1
Timestamp: 2013-12-10 00:34:38
Document Index: 298089740

Matched Legal Cases: ['§ 1', '§ 1', '§ 101', '§ 402', '§ 413', '§ 510', '§ 8241', '§ 101', '§ 101', '§ 101', '§ 102', '§ 102', '§ 301', '§ 301', '§ 301', '§ 302', '§ 301', '§ 301', '§ 301', '§ 301', '§ 301', '§ 302', '§ 301', '§ 301', '§ 104', '§ 104', '§ 105', '§ 302', '§ 302', '§ 301', '§ 302', '§ 101', '§ 101', '§ 101', '§ 101', '§ 10909', '§ 101']

26 USC § 1 - Tax imposed | Title 26 - Internal Revenue Code | U.S. Code | LII / Legal Information Institute
USC › Title 26 › Subtitle A › Chapter 1 › Subchapter A › Part I › § 1 › prevnext
every married individual (as defined in section Source
(a), (e)(1),May 28, 2003, 117 Stat. 754, 755, 758, 760, 763; Pub. L. 108–311, title I, § 101(c), (d), title IV, §§ 402(a)(1)–(3), 408(a)(1), (2), Oct. 4, 2004, 118 Stat. 1167, 1168, 1184, 1190; Pub. L. 108–357, title IV, § 413(c)(1),Oct. 22, 2004, 118 Stat. 1506; Pub. L. 109–222, title V, § 510(a)—(c),May 17, 2006, 120 Stat. 364; Pub. L. 110–28, title VIII, § 8241(a), (b),May 25, 2007, 121 Stat. 199; Pub. L. 110–185, title I, § 101(f)(2),Feb. 13, 2008, 122 Stat. 617.)
For termination of amendment by section 105 ofPub. L. 108–311, see Effective and Termination Dates of 2004 Amendments note below.
For termination of amendment by sections 107 and 303 ofPub. L. 108–27, see Effective and Termination Dates of 2003 Amendment note below.
Subsec. (i)(1)(B)(i). Pub. L. 108–311, §§ 101(d)(1), 105, temporarily struck out “($12,000 in the case of taxable years beginning after December 31, 2004, and before January 1, 2008)” after “$14,000”. See Effective and Termination Dates of 2004 Amendments note below.
Subsec. (i)(1)(C). Pub. L. 108–311, §§ 101(d)(2), 105, temporarily reenacted heading without change and amended text generally, substituting provisions relating to inflation adjustment in calendar years after 2003 for such provisions in calendar years after 2000. See Effective and Termination Dates of 2004 Amendments note below.
2003—Subsec. (f)(8)(A). Pub. L. 108–27, §§ 102(b)(1), 107, temporarily substituted “2002” for “2004”. See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (f)(8)(B). Pub. L. 108–27, §§ 102(a), 107, temporarily inserted table item relating to years 2003 and 2004. See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(1)(B). Pub. L. 108–27, §§ 301(a)(1), 303, temporarily substituted “5 percent (0 percent in the case of taxable years beginning after 2007)” for “10 percent”. See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(1)(C). Pub. L. 108–27, §§ 301(a)(2)(A), 303, temporarily substituted “15 percent” for “20 percent”. See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(2). Pub. L. 108–27, §§ 301(b)(1)(A), (B), 303, temporarily redesignated par. (3) as (2) and struck out heading and text of former par. (2). Text read as follows:
and 20 percent with respect to the remainder of such amount. For purposes of determining under the preceding sentence whether the holding period of property begins after December 31, 2000, the holding period of property acquired pursuant to the exercise of an option (or other right or obligation to acquire property) shall include the period such option (or other right or obligation) was held.” See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(3). Pub. L. 108–27, §§ 302(e)(1), 303, temporarily amended heading and text of par. (3) generally. Prior to amendment, text read as follows: “For purposes of this subsection, the term ‘adjusted net capital gain’ means net capital gain reduced (but not below zero) by the sum of—
“(B) 28-percent rate gain.” See Effective and Termination Dates of 2003 Amendment note below.
Pub. L. 108–27, §§ 301(b)(1)(B), 303, temporarily redesignated par. (4) as (3). Former par. (3) temporarily redesignated (2). See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(4) to (7). Pub. L. 108–27, §§ 301(b)(1)(B), 303, temporarily redesignated pars. (5) to (8) as (4) to (7), respectively. Former par. (4) temporarily redesignated (3). See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(8). Pub. L. 108–27, §§ 301(b)(1)(C), 303, temporarily redesignated par. (10) as (8). Former par. (8) temporarily redesignated (7). See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(9). Pub. L. 108–27, §§ 301(b)(1)(A), (C), 303, temporarily redesignated par. (11) as (9) and struck out heading and text of former par. (9). Text read as follows: “For purposes of this subsection, the term ‘qualified 5-year gain’ means the aggregate long-term capital gain from property held for more than 5 years. The determination under the preceding sentence shall be made without regard to collectibles gain, gain described in paragraph (7)(A)(i), and section 1202 gain.” See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(10). Pub. L. 108–27, §§ 301(b)(1)(C), 303, temporarily redesignated par. (12) as (10). Former par. (10) temporarily redesignated (8). See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(11). Pub. L. 108–27, §§ 302(a), 303, temporarily added par. (11). See Effective and Termination Dates of 2003 Amendment note below.
Pub. L. 108–27, §§ 301(b)(1)(C), 303, temporarily redesignated par. (11) as (9). See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (h)(12). Pub. L. 108–27, §§ 301(b)(1)(C), 303, temporarily redesignated par. (12) as (10). See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (i)(1)(B)(i). Pub. L. 108–27, §§ 104(a), 107, temporarily substituted “($12,000 in the case of taxable years beginning after December 31, 2004, and before January 1, 2008)” for “($12,000 in the case of taxable years beginning before January 1, 2008)”. See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (i)(1)(C). Pub. L. 108–27, §§ 104(b), 107, temporarily amended heading and text of subpar. (C) generally. Text read as follows: “In prescribing the tables under subsection (f) which apply with respect to taxable years beginning in calendar years after 2000—
If any amount after adjustment under the preceding sentence is not a multiple of $50, such amount shall be rounded to the next lowest multiple of $50.” See Effective and Termination Dates of 2003 Amendment note below.
Subsec. (i)(2). Pub. L. 108–27, §§ 105(a), 107, temporarily amended table generally. Prior to amendment, table read as follows:
2001—Subsec. (f). Pub. L. 107–16, §§ 302(b)(2), 901, temporarily substituted “Phaseout of marriage penalty in 15-percent bracket; adjustments” for “Adjustments” in heading. See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (f)(2)(A). Pub. L. 107–16, §§ 302(b)(1), 901, temporarily inserted “except as provided in paragraph (8),” before “by increasing”. See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (f)(6)(B). Pub. L. 107–16, §§ 301(c)(1), 901, temporarily substituted “(other than with respect to sections 63
(d)(4)(A)) shall be applied”. See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (f)(8). Pub. L. 107–16, §§ 302(a), 901, temporarily added par. (8). See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (g)(7)(B)(ii)(II). Pub. L. 107–16, §§ 101(c)(1), 901, temporarily substituted “10 percent.” for “15 percent”. See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (h)(1)(A)(ii)(I), (B)(i). Pub. L. 107–16, §§ 101(c)(2)(A), 901, temporarily substituted “25 percent” for “28 percent”. See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (h)(13). Pub. L. 107–16, §§ 101(c)(2)(B), 901, temporarily struck out par. (13), which set out special rules for determination of 28-percent rate gain, unrecaptured section 1250 gain, pass-thru entities, and charitable remainder trusts. See Effective and Termination Dates of 2001 Amendment note below.
Subsec. (i). Pub. L. 107–16, §§ 101(a), 901, temporarily added subsec. (i). See Effective and Termination Dates of 2001 Amendment note below.
Pub. L. 111–148, title X, § 10909(c),Mar. 23, 2010, 124 Stat. 1023, as amended by Pub. L. 111–312, title I, § 101(b)(1),Dec. 17, 2010, 124 Stat. 3298, provided that: “Each provision of law amended by this section [amending sections 24, 25, 25A, 25B, 26, 30, 30B, 30D, 36C, 137, 904, 1016, 1400C, and 6211 of this title and section 1324 of Title 31, Money and Finance, and renumbering section 23 of this title as section 36C of this title] is amended to re