Source: http://taxtv.com/code/00228-USCODE-2011-title26-subtitleA-chap1-subchapB-partVI-sec196/
Timestamp: 2017-10-22 04:41:45
Document Index: 636098093

Matched Legal Cases: ['§196', '§196', '§196', '§205', '§474', '§4008', '§7110', '§11', '§13302', '§1201', '§6020', '§1', '§121', '§619', '§302', '§1332', '§1421', '§302', '§13302', '§11813', '§11', '§11813', '§7814', '§7814', '§7110', '§4008', '§4008', '§6020', '§2']

IRC §196. Deduction for certain unused business credits - TaxTV.com
IRC §196. Deduction for certain unused business credits
View related content: IRC §196
(b) Taxpayer’s dying or ceasing to exist
(2) the work opportunity credit determined under section (a),
(4) the research credit determined under section 41(a) (other than such credit determined under section 280C(c)(3)) for taxable years beginning after December 31, 1988,
(d) Special rule for investment tax credit and research credit
(1) the investment credit determined under section 46 (other than the rehabilitation credit), and
(2) the research credit determined under section 41(a) for a taxable year beginning before January 1, 1990.
(Added Pub. L. 97–248, title II, §205(a)(2), Sept. 3, 1982, 96 Stat. 428; amended Pub. L. 98–369, div. A, title IV, §474(r)(8)(A), July 18, 1984, 98 Stat. 840; Pub. L. 100–647, title IV, §4008(b)(2), Nov. 10, 1988, 102 Stat. 3653; Pub. L. 101–239, title VII, §§7110(c)(2), 7814(e)(1), (2)(D), Dec. 19, 1989, 103 Stat. 2325, 2413, 2414; Pub. L. 101–508, title XI, §§11 1(b)(3), 11813(b)(12), Nov. 5, 1990, 104 Stat. 1388–485, 1388–554; Pub. L. 103–66, title XIII, §§13302(b)(2), 13322(c)(2), Aug. 10, 1993, 107 Stat. 555, 563; Pub. L. 104–188, title I, §1201(e)(1), Aug. 20, 1996, 110 Stat. 1772; Pub. L. 105–206, title VI, §6020(a), July 22, 1998, 112 Stat. 823; Pub. L. 106–554, §1(a)(7) [title I, §121(c)], Dec. 21, 2000, 114 Stat. 2763, 2763A–610; Pub. L. 107–16, title VI, §619(c)(2), June 7, 2001, 115 Stat. 110; Pub. L. 108–357, title III, §§302(c)(2), 339(e), Oct. 22, 2004, 118 Stat. 1465, 1484; Pub. L. 109–58, title XIII, §1332(d), Aug. 8, 2005, 119 Stat. 1026; Pub. L. 111–148, title I, §1421(d)(2), Mar. 23, 2010, 124 Stat. 242.)
2010—Subsec. (c)(14). Pub. L. 111–148 added par. (14).
2005—Subsec. (c)(13). Pub. L. 109–58 added par. (13).
2004—Subsec. (c)(11). Pub. L. 108–357, §302(c)(2), added par. (11).
2001—Subsec. (c)(10). Pub. L. 107–16 added par. (10).
2000—Subsec. (c)(9). Pub. L. 106–554 added par. (9).
1998—Subsec. (c)(8). Pub. L. 105–206 added par. (8).
1996—Subsec. (c)(2). Pub. L. 104–188 substituted “work opportunity credit” for “targeted jobs credit”.
1993—Subsec. (c)(6). Pub. L. 103–66, §13302(b)(2), added par. (6).
1990—Subsec. (c)(1). Pub. L. 101–508, §11813(b)(12)(A), substituted “section 46” for “section 46(a)” and “section 50(c)” for “section 48(q)”.
Subsec. (c)(5). Pub. L. 101–508, §11 1(b)(3), added par. (5).
Subsec. (d)(1). Pub. L. 101–508, §11813(b)(12)(B), substituted “section 46” for “section 46(a)” and “other than the rehabilitation credit” for “other than a credit to which section 48(q)(3) applies”.
1989—Subsec. (c)(4). Pub. L. 101–239, §7814(e)(2)(D), inserted “(other than such credit determined under section 280C(c)(3))” after “section 41(a)”.
Subsec. (d). Pub. L. 101–239, §7814(e)(1), substituted “substituting ‘an amount equal to 50 percent of’ for ‘an amount equal to’ in the case of” for “substituting an amount equal to 50 percent of for an amount equal to in the case of” in introductory provisions.
Subsec. (d)(2). Pub. L. 101–239, §7110(c)(2), inserted “for a taxable year beginning before January 1, 1990” after “under section 41(a)”.
1988—Subsec. (c)(4). Pub. L. 100–647, §4008(b)(2)(A), added par. (4).
Subsec. (d). Pub. L. 100–647, §4008(b)(2)(B), inserted “and research credit” after “tax credit” in heading and amended text generally. Prior to amendment, text read as follows: “In the case of the investment credit determined under section 46(a) (other than a credit to which section 48(q)(3) applies), subsection (a) shall be applied by substituting ‘an amount equal to 50 percent of’ for ‘an amount equal to’.”
1984—Pub. L. 98–369 amended section generally, substituting provisions relating to deduction for certain unused business credits for provisions relating to deduction for certain unused investment credits.
Amendment by Pub. L. 107–16 applicable to costs paid or incurred in taxable years beginning after Dec. 31, 2001, with respect to qualified employer plans first effective after such date, see section 619(d) of Pub. L. 107–16, set out as an Effective and Termination Dates of 2001 Amendment note under section 38 of this title.
Pub. L. 105–206, title VI, §6020(b), July 22, 1998, 112 Stat. 823, provided that: “The amendment made by this section [amending this section] shall take effect as if included in the amendments made by section 13443 of the Revenue Reconciliation Act of 1993 [see section 13443(d) of Pub. L. 103–66, set out as an Effective Date of 1993 Amendment note under section 38 of this title].”
Amendment by section 11 1(b)(3) of Pub. L. 101–508 applicable to costs paid or incurred in taxable years beginning after Dec. 31, 1990, see section 11 1(d)(1) of Pub. L. 101–508, set out as an Effective Date note under section 43 of this title.
Section 205(c)(1) of Pub. L. 97–248, as amended by Pub. L. 99– 4, §2, Oct. 22, 1986, 100 Stat. 2095, provided that: