Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section811&num=0&edition=prelim
Timestamp: 2019-08-18 14:58:16
Document Index: 44187889

Matched Legal Cases: ['§ 811', '§42', '§211', '§2004', '§13517', '§2', '§255', '§714', '§211', '§811', '§2', '§2', '§2', '§2', '§42']

[USC02] 26 USC 811: Accounting provisions
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26 USC 811: Accounting provisions Text contains those laws in effect on August 17, 2019
All computations entering into the determination of the taxes imposed by this part shall be made-
The appropriate items of income, deductions, and adjustments under this part shall be adjusted to reflect the appropriate amortization of premium and the appropriate accrual of discount attributable to the taxable year on bonds, notes, debentures, or other evidences of indebtedness held by a life insurance company. Such amortization and accrual shall be determined-
No accrual of discount shall be required under paragraph (1) on any bond (as defined in section 171(d)), except in the case of discount which is-
Nothing in this part shall permit-
(Added and amended Pub. L. 98–369, div. A, title I, §42(a)(8), title II, §211(a), July 18, 1984, 98 Stat. 557 , 740; Pub. L. 100–647, title II, §2004(p)(1), Nov. 10, 1988, 102 Stat. 3608 ; Pub. L. 115–97, title I, §13517(b)(2), Dec. 22, 2017, 131 Stat. 2147 .)
A prior section 811, added Pub. L. 86–69, §2(a), June 25, 1959, 73 Stat. 126 ; amended Pub. L. 97–248, title II, §255(b)(1), Sept. 3, 1982, 96 Stat. 533 ; Pub. L. 98–369, div. A, title VII, §714(a), July 18, 1984, 98 Stat. 960 , related to dividends to policyholders, prior to the general revision of this part by Pub. L. 98–369, §211(a).
Another prior section 811, act Aug. 16, 1954, ch. 736, §811, as added Mar. 13, 1956, ch. 83, §2, 70 Stat. 44 ; amended July 24, 1956, ch. 696, §2(c), 70 Stat. 633 ; Mar. 17, 1958, Pub. L. 85–345, §2(c), 72 Stat. 37 , imposed a tax on the life insurance company taxable income of all life insurance companies for taxable years beginning after Dec. 31, 1957, prior to the general revision of this part by Pub. L. 86–69, §2(a).
2017-Subsec. (d)(1). Pub. L. 115–97 substituted "the interest rate in effect under section 808(g)" for "the greater of the prevailing State assumed interest rate or applicable Federal interest rate in effect under section 807".
1988-Subsec. (d)(1). Pub. L. 100–647 substituted "the greater of the prevailing State assumed interest rate or applicable Federal interest rate in effect under section 807 for the contract" for "the prevailing State assumed interest rate for the contract".
1984-Subsec. (b)(3). Pub. L. 98–369, §42(a)(8), substituted "section 1273" for "section 1232(b)".