Source: https://irc.bloombergtax.com/public/uscode/doc/irc/1446
Timestamp: 2020-05-30 09:31:00
Document Index: 625391139

Matched Legal Cases: ['§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446', '§ 1446']

Internal Revenue Code, § 1446. Withholding Of Tax On Foreign Partners' Share Of Effectively Connected Income
I.R.C. § 1446(a) General Rule —
I.R.C. § 1446(a)(1) —
I.R.C. § 1446(a)(2) —
I.R.C. § 1446(b) Amount Of Withholding Tax
I.R.C. § 1446(b)(1) In General —
I.R.C. § 1446(b)(2) Applicable Percentage —
For purposes of paragraph (1), the term “applicable percentage” means--
I.R.C. § 1446(b)(2)(A) —
I.R.C. § 1446(b)(2)(B) —
the highest rate of tax specified in section 11(b) in the case of the portion of the effectively connected taxable income which is allocable under section 704 to foreign partners which are corporations.
I.R.C. § 1446(c) Effectively Connected Taxable Income —
For purposes of this section, the term “effectively connected taxable income” means the taxable income of the partnership which is effectively connected (or treated as effectively connected) with the conduct of a trade or business in the United States computed with the following adjustments:
I.R.C. § 1446(c)(1) —
I.R.C. § 1446(c)(2) —
I.R.C. § 1446(c)(3) —
I.R.C. § 1446(d) Treatment Of Foreign Partners
I.R.C. § 1446(d)(1) Allowance Of Credit —
I.R.C. § 1446(d)(2) Credit Treated As Distributed To Partner —
I.R.C. § 1446(d)(2)(A) —
I.R.C. § 1446(d)(2)(B) —
I.R.C. § 1446(e) Foreign Partner —
For purposes of this section, the term “foreign partner" means any partner who is not a United States person.
I.R.C. § 1446(f) Special Rules For Withholding On Dispositions Of Partnership Interests
I.R.C. § 1446(f)(1) In General —
I.R.C. § 1446(f)(2) Exception If Nonforeign Affidavit Furnished
I.R.C. § 1446(f)(2)(A) In General —
I.R.C. § 1446(f)(2)(B) False Affidavit —
I.R.C. § 1446(f)(2)(B)(i) —
the transferee has actual knowledge that the affidavit is false, or the transferee receives a notice (as described in section 1445(d)) from a transferor's agent or transferee's agent that such affidavit or statement is false, or
I.R.C. § 1446(f)(2)(B)(ii) —
the Secretary by regulations requires the transferee to furnish a copy of such affidavit or statement to the Secretary and the transferee fails to furnish a copy of such affidavit or statement to the Secretary at such time and in such manner as required by such regulations.
I.R.C. § 1446(f)(2)(C) Rules For Agents —
I.R.C. § 1446(f)(3) Authority Of Secretary To Prescribe Reduced Amount —
I.R.C. § 1446(f)(4) Partnership To Withhold Amounts Not Withheld By The Transferee —
I.R.C. § 1446(f)(5) Definitions —
I.R.C. § 1446(f)(6) Regulations —
I.R.C. § 1446(g) Regulations —
I.R.C. § 1446(g)(1) —
I.R.C. § 1446(g)(2) —
I.R.C. § 1446(g)(2)(A) —
I.R.C. § 1446(g)(2)(B) —
(Added Pub. L. 99-514, title XII, Sec. 1246(a), Oct. 22, 1986, 100 Stat. 2582, and amended Pub. L. 100-647, title I, Sec. 1012(s)(1)(A), Nov. 10, 1988, 102 Stat. 3526; Pub. L. 101-239, title VII, Sec. 7811(i)(6), Dec. 19, 1989, 103 Stat. 2410; Pub. L. 115-97, title I, Secs. 13001(b)(3)(D), 13501(b), Dec. 22, 2017, 131 Stat. 2054; Pub. L. 115-141, Div. U, title IV, Sec. 401(a)(199), Mar. 23, 2018, 132 Stat. 348.)
2018 — Sec. 1446. Pub. L. 115-141, Div. U, Sec. 401(a)(199), amended Sec. 1446 by substituting “WITHHOLDING OF TAX” for “WITHHOLDING TAX” in the heading.
2017 - Subsec. (b)(2)(B). Pub. L. 115-97, Sec. 13001(b)(3)(D), amended subpar. (B) by substituting “section 11(b)” for “section 11(b)(1)”.
Subsec. (f)-(g). Pub. L. 115-97, Sec. 13501(b), redesignated subsec. (f) as subsec. (g) and added a new subsec. (f).
1989 - Subsec. (b)(2)(B). Pub. L. 101-239, Sec. 7811(i)(6)(A), substituted ‘section 11(b)(1)’ for ‘section 11(b)’.
Subsec. (d)(2). Pub. L. 101-239, Sec. 7811(i)(6)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: ‘A foreign partner's share of any withholding tax paid by the partnership under this section shall be treated as distributed to such partner by such partnership on the last day of the partnership's taxable year (for which such tax was paid).'
Subsec. (f). Pub. L. 101-239, Sec. 7811(i)(6)(C), amended subsec. (f) generally. Prior to amendment, subsec. (f) read as follows: ‘The Secretary shall prescribe such regulations as may be necessary to carry out the purposes of this section, including regulations providing for the application of this section in the case of publicly traded partnerships.’
1988 - Pub. L. 100-647 amended section generally, substituting provisions relating to withholding tax on foreign partners' share of effectively connected income for provisions which related to withholding tax on amounts paid by partnerships to foreign partners.
Amendment by Pub. L. 115-141, Div. U, Sec. 401(a)(199), effective March 23, 2018.
Amendment by Pub. L. 115-97, Sec. 13001(b)(3)(D), effective for distributions made after December 31, 2017.
Amendments by Pub. L. 115-97, Sec. 13501(b), effective for sales, exchanges, and dispositions after December 31, 2017.
Section 1012(s)(1)(D) of Pub. L. 100-647 provided that: ‘The amendments made by this paragraph (amending sections 1446 and 6401 of this title) shall apply to taxable years beginning after December 31, 1987. No amount shall be required to be deducted and withheld under section 1446 of the 1986 Code (as in effect before the amendment made by subparagraph (A)).’
Section 1246(d) of Pub. L. 99-514 provided that: ‘The amendment made by this section (enacting this section and amending section 6401 of this title) shall apply to distributions after December 31, 1987 (or, if earlier, the effective date (which shall not be earlier than January 1, 1987) of the initial regulations issued under section 1446 of the Internal Revenue Code of 1986 as added by this section).'
A prior subchapter B, consisting of section 1451, acts Aug. 16, 1954, ch. 736, 68A Stat. 359 ; Oct. 4, 1976, Pub. L. 94-455, title XIX, 1906(b)(13)(A), 90 Stat. 1834, which related to tax-free covenant bonds, was repealed by Pub. L. 98-369, div. A, title IV, 474(r)(29)(A), July 18, 1984, 98 Stat. 844, which repeal was not applicable with respect to obligations issued before Jan. 1, 1984, pursuant to section 475(b) of Pub. L. 98-369, set out as an Effective Date of 1984 Amendment note under section 33 of this title.