Source: https://www.law.cornell.edu/uscode/text/26/1397E
Timestamp: 2016-07-26 14:15:37
Document Index: 274133709

Matched Legal Cases: ['§ 1397', '§\u202f226', '§\u202f6004', '§\u202f752', '§\u202f509', '§\u202f1076', '§\u202f608', '§\u202f304', '§\u202f406', '§\u202f1303', '§\u202f107', '§\u202f15316', '§\u202f4', '§\u202f15316', '§\u202f313', '§\u202f1531', '§\u202f1751', '§\u202f15316', '§\u202f107', '§\u202f107', '§\u202f107', '§\u202f1303', '§\u202f1303', '§\u202f304', '§\u202f406', '§\u202f509', '§\u202f509', '§\u202f6004', '§\u202f6004', '§\u202f6004', '§\u202f107', '§\u202f304', '§\u202f608', '§\u202f226']

26 U.S. Code § 1397E - Credit to holders of qualified zone academy bonds | US Law | LII / Legal Information Institute
Credit to holders of qualified zone academy bonds
(1) In generalThe amount of the credit determined under this subsection with respect to any qualified zone academy bond is the amount equal to the product of—
(c) Limitation based on amount of taxThe credit allowed under subsection (a) for any taxable year shall not exceed the excess of—
(d) Qualified zone academy bondFor purposes of this section—
(1) In generalThe term “qualified zone academy bond” means any bond issued as part of an issue if—
(B) Qualified contributionsFor purposes of subparagraph (A), the term “qualified contribution” means any contribution (of a type and quality acceptable to the eligible local education agency) of—
(A) In generalThe term “qualified zone academy” means any public school (or academic program within a public school) which is established by and operated under the supervision of an eligible local education agency to provide education or training below the postsecondary level if—
(5) Qualified purposeThe term “qualified purpose” means, with respect to any qualified zone academy—
(6) Eligible taxpayerThe term “eligible taxpayer” means—
(4) Carryover of unused limitationIf for any calendar year—
(1) In generalAn issue shall be treated as meeting the requirements of this subsection if, as of the date of issuance, the issuer reasonably expects—
(l) S corporationsIn the case of a qualified zone academy bond held by an S corporation which is an eligible taxpayer—
(Added Pub. L. 105–34, title II, § 226(a), Aug. 5, 1997, 111 Stat. 821; amended Pub. L. 105–206, title VI, § 6004(g)(2)–(4), July 22, 1998, 112 Stat. 796; Pub. L. 106–78, title VII, § 752(b)(11), Oct. 22, 1999, 113 Stat. 1169; Pub. L. 106–170, title V, § 509, Dec. 17, 1999, 113 Stat. 1924; Pub. L. 107–110, title X, § 1076(t), Jan. 8, 2002, 115 Stat. 2092; Pub. L. 107–147, title VI, § 608(a), Mar. 9, 2002, 116 Stat. 60; Pub. L. 108–311, title III, § 304(a), title IV, § 406(c), Oct. 4, 2004, 118 Stat. 1179, 1189; Pub. L. 109–58, title XIII, § 1303(c)(2), (3), Aug. 8, 2005, 119 Stat. 997; Pub. L. 109–432, div. A, title I, § 107(a), (b)(1), Dec. 20, 2006, 120 Stat. 2938; Pub. L. 110–234, title XV, § 15316(c)(2), May 22, 2008, 122 Stat. 1511; Pub. L. 110–246, § 4(a), title XV, § 15316(c)(2), June 18, 2008, 122 Stat. 1664, 2273; Pub. L. 110–343, div. C, title III, § 313(b)(3), Oct. 3, 2008, 122 Stat. 3872; Pub. L. 111–5, div. B, title I, § 1531(c)(3), Feb. 17, 2009, 123 Stat. 360.)
The Richard B. Russell National School Lunch Act, referred to in subsec. (d)(4)(A)(iv)(II), is act June 4, 1946, ch. 281, 60 Stat. 230, as amended, which is classified generally to chapter 13 (§ 1751 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 1751 of Title 42 and Tables.
2009—Subsec. (c)(2). Pub. L. 111–5 substituted “, I, and J” for “and I”.
2008—Subsec. (c)(2). Pub. L. 110–246, § 15316(c)(2), substituted “subparts H and I” for “subpart H”.
2006—Subsec. (d)(1)(E). Pub. L. 109–432, § 107(b)(1)(A), added subpar. (E).
Subsec. (e)(1). Pub. L. 109–432, § 107(a), substituted “2005, 2006, and 2007” for “and 2005”.
Subsecs. (f) to (l). Pub. L. 109–432, § 107(b)(1)(B), added subsecs. (f) to (h) and redesignated former subsecs. (f) to (i) as (i) to (l), respectively.
2005—Subsec. (c)(2). Pub. L. 109–58, § 1303(c)(2), inserted “, and subpart H thereof” after “refundable credits”.
Subsec. (h). Pub. L. 109–58, § 1303(c)(3), amended heading and text of subsec. (h) generally. Prior to amendment, text read as follows: “For purposes of subtitle F, the credit allowed by this section shall be treated as a credit allowable under part IV of subchapter A of this chapter.”
2004—Subsec. (e)(1). Pub. L. 108–311, § 304(a), substituted “2003, 2004, and 2005” for “and 2003”.
Subsec. (i). Pub. L. 108–311, § 406(c), added subsec. (i).
Subsec. (e)(1). Pub. L. 106–170, § 509(a), substituted “, 1999, 2000, and 2001” for “and 1999”.
Subsec. (e)(4). Pub. L. 106–170, § 509(b), inserted at end “Any carryforward of a limitation amount may be carried only to the first 2 years (3 years for carryforwards from 1998 or 1999) following the unused limitation year. For purposes of the preceding sentence, a limitation amount shall be treated as used on a first-in first-out basis.”
1998—Subsec. (d)(4)(B). Pub. L. 105–206, § 6004(g)(2), substituted “local educational agency as defined” for “local education agency as defined”.
Subsec. (g). Pub. L. 105–206, § 6004(g)(4), inserted “(determined without regard to subsection (c))” after “section”.
Subsec. (h). Pub. L. 105–206, § 6004(g)(3), added subsec. (h).
Pub. L. 109–432, div. A, title I, § 107(c), Dec. 20, 2006, 120 Stat. 2939, provided that:
The amendment made by subsection (a) [amending this section] shall apply to obligations issued after December 31, 2005.
The amendments made by subsection (b) [amending this section and sections 54 and 1400N of this title] shall apply to obligations issued after the date of the enactment of this Act [Dec. 20, 2006] pursuant to allocations of the national zone academy bond limitation for calendar years after 2005.”
Pub. L. 108–311, title III, § 304(b), Oct. 4, 2004, 118 Stat. 1179, provided that: “The amendment made by this section [amending this section] shall apply to obligations issued after December 31, 2003.”
Pub. L. 107–147, title VI, § 608(b), Mar. 9, 2002, 116 Stat. 60, provided that: “The amendment made by subsection (a) [amending this section] shall apply to obligations issued after the date of the enactment of this Act [Mar. 9, 2002].”
Pub. L. 105–34, title II, § 226(c), Aug. 5, 1997, 111 Stat. 824, provided that: “The amendments made by this section [enacting this section and renumbering section 1397D as section 1397F of this title] shall apply to obligations issued after December 31, 1997.”
We truncate results at 20000 items. After that, you're on your own. Qualified Zone Academy Bonds : 2001-07-06