Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_7704
Timestamp: 2020-06-01 22:08:53
Document Index: 195882515

Matched Legal Cases: ['§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704', '§ 7704']

Internal Revenue Code, § 7704. Certain Publicly Traded Partnerships Treated As Corporations
I.R.C. § 7704(a) General Rule —
I.R.C. § 7704(b) Publicly Traded Partnership —
I.R.C. § 7704(b)(1) —
I.R.C. § 7704(b)(2) —
I.R.C. § 7704(c) Exception For Partnerships With Passive-Type Income
I.R.C. § 7704(c)(1) In General —
I.R.C. § 7704(c)(2) Gross Income Requirements —
I.R.C. § 7704(c)(3) Exception Not To Apply To Certain Partnerships Which Could Qualify As Regulated Investment Companies —
I.R.C. § 7704(d) Qualifying Income —
I.R.C. § 7704(d)(1) In General —
I.R.C. § 7704(d)(1)(A) —
I.R.C. § 7704(d)(1)(B) —
I.R.C. § 7704(d)(1)(C) —
I.R.C. § 7704(d)(1)(D) —
I.R.C. § 7704(d)(1)(E) —
I.R.C. § 7704(d)(1)(F) —
I.R.C. § 7704(d)(1)(G) —
I.R.C. § 7704(d)(2) Certain Interest Not Qualified —
I.R.C. § 7704(d)(2)(A) —
I.R.C. § 7704(d)(2)(B) —
I.R.C. § 7704(d)(3) Real Property Rent —
I.R.C. § 7704(d)(3)(A) —
I.R.C. § 7704(d)(3)(B) —
I.R.C. § 7704(d)(4) Certain Income Qualifying Under Regulated Investment Company Or Real Estate Trust Provisions —
I.R.C. § 7704(d)(5) Special Rule For Determining Gross Income From Certain Real Property Sales —
I.R.C. § 7704(e) Inadvertent Terminations —
I.R.C. § 7704(e)(1) —
I.R.C. § 7704(e)(2) —
I.R.C. § 7704(e)(3) —
I.R.C. § 7704(e)(4) —
such partnership agrees to make such adjustments (including adjustments with respect to the partners) or to pay such amounts as may be required by the Secretary with respect to such period, then, notwithstanding such failure, such entity shall be treated as continuing to meet such gross income requirements for such period.
I.R.C. § 7704(f) Effect Of Becoming Corporation —
I.R.C. § 7704(f)(1) —
I.R.C. § 7704(f)(2) —
I.R.C. § 7704(g) Exception For Electing 1987 Partnerships
I.R.C. § 7704(g)(1) In General —
I.R.C. § 7704(g)(2) Electing 1987 Partnership —
I.R.C. § 7704(g)(2)(A) —
I.R.C. § 7704(g)(2)(B) —
I.R.C. § 7704(g)(2)(C) —
I.R.C. § 7704(g)(3) Additional Tax On Electing Partnerships
I.R.C. § 7704(g)(3)(A) Imposition Of Tax —
I.R.C. § 7704(g)(3)(B) Adjustments In The Case Of Tiered Partnerships —
I.R.C. § 7704(g)(3)(C) Treatment Of Tax —
I.R.C. § 7704(g)(4) Election —
(Added by Pub. L. 100-203, title X, 10211(a), Dec. 22, 1987, 101 Stat. 1330-403, and amended Pub. L. 100-647, title II, 2004(f)(1), (3)-(5), Nov. 10, 1988, 102 Stat. 3602, 3603; Pub. L. 105-34, title IX, Sec. 964(a), Aug. 5, 1997, 111 Stat 788; Pub. L. 105-206, title VI, Sec. 6009(b), July 22, 1998, 112 Stat 685; Pub. L. 106-170, title V, Sec. 532(c), Dec. 17, 1999, 113 Stat. 1860; Pub. L. 108-357, title III, Sec. 331(e), Oct. 22, 2004, 118 Stat. 1418; Pub. L. 110-343, div. B, title I, Sec. 116(a), title II, Sec. 208(a), Oct. 3, 2008, 122 Stat. 3765.)
1988--Pub. L. 100-647, title VI, 6230(b), Nov. 10, 1988, 102 Stat. 3734, added item 7811.
1983--Pub. L. 97-473, title II, 202(c), Jan. 14, 1983, 96 Stat. 2610, added item for subchapter C.
1974--Pub. L. 93-406, title II, 1051(c), Sept. 2, 1974, 88 Stat. 951, substituted “Commissioner of Internal Revenue; Assistant Commissioner (Employee Plans and Exempt Organizations)” for “Commissioner of Internal Revenue” in item 7802.
1966--Pub. L. 89-719, title I, 112(c), Nov. 2, 1966, 80 Stat. 1146, added item 7810.
2008 - Subsec. (d)(1)(E). Pub. L. 110-343, Div. B, Sec. 116(a), amended subpar. (E) by inserting “or industrial source carbon dioxide” after “timber”.
Subsec. (d)(1)(E). Pub. L. 110-343, Div. B, Sec. 208(a), amended subpar. (E) by substituting “industrial source carbon dioxide, or the transportation or storage of any fuel described in subsection (b), (c), (d), or (e) of section 6426, or any alcohol fuel defined in section 6426(b)(4)(A) or any biodiesel fuel as defined in section 40A(d)(1)" for “or industrial source carbon dioxide”.
2004--Subsec. (d)(4). Pub. L. 108-357, Sec. 331(e), amended par. (4) by substituting “section 851(b)(2)(A)” for “section 851(b)(2)”.
1999--Subsec. (c)(3). Pub. L. 106-170, Sec. 532(c)(2)(V), substituted “section 1221(a)(1)” for “section 1221(1)” in par. (3).
Subsec. (d)(1)(D), (G). Pub. L. 106-170, Sec. 532(c)(2)(W), (X) substituted “section 1221(a)(1)” for “section 1221(1)” in subpars. (D) and (G).
Subsec. (d)(5). Pub. L. 106-170, Sec. 532(c)(2)(Y), substituted “section 1221(a)(1)” for “section 1221(1)” in par. (5).
1998--Subsec. (g)(3)(C). Pub. L. 105-206, Sec. 6009(b)(1) struck the period at the end and inserted “and shall be paid by the partnership. Section 6655 shall be applied to such partnership with respect to such tax in the same manner as if the partnership were a corporation, such tax were imposed by section 11, and references in such section to taxable income were references to the gross income referred to in subparagraph (A).”
1997--Subsec. (g). Pub. L. 105-34, Sec. 964(a), added subsec. (g).
1988--Subsec. (c)(1). Pub. L. 100-647, 2004(f)(3), inserted at end “For purposes of the preceding sentence, a partnership shall not be treated as being in existence during any period before the 1st taxable year in which such partnership (or a predecessor) was a publicly traded partnership.”
Subsec. (d)(1). Pub. L. 100-647, 2004(f)(4), inserted at end “For purposes of subparagraph (E), the term “mineral or natural resource” means any product of a character with respect to which a deduction for depletion is allowable under section 611; except that such term shall not include any product described in subparagraph (A) or (B) of section 613(b)(7).”
Subsec. (d)(3). Pub. L. 100-647, 2004(f)(5), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The term “real property rent” means amounts which would qualify as rent from real property under section 856(d) if such section were applied without regard to paragraph (2)(C) thereof (relating to independent contractor requirements).”
Subsec. (e)(4). Pub. L. 100-647, 2004(f)(1), inserted “or to pay such amounts” before “as may be required”.
Amendment by Div. B, Sec. 116(a) of Pub. L. 110-343 effective on the date of the enactment of this Act [Enacted: Oct. 3, 2008], in taxable years ending after such date.
Amendment by Div. B, Sec. 208(a) of Pub. L. 110-343 effective on the date of the enactment of this Act [Enacted: Oct. 3, 2008], in taxable years ending after such date.
Amendment by Sec. 331(e) of Pub. L. 108-357 applicable to taxable years beginning after the date of the enactment of this Act [Enacted: Oct. 22, 2004].
Amendments by Sec. 532(c)(2)(V), (W), (X), (Y) of Pub. L. 106-170 shall apply to any instrument held, acquired, or entered into, any transaction entered into, and supplies held or acquired on or after the date of the enactment of this Act [Enacted: Dec. 17, 1999].
Amendment by Sec. 6009(b)(1) of Pub. L. 105-206 applicable to taxable years beginning after the date of enactment of this Act [Enacted: July 22, 1998].
Amendment by Sec. 964(a) of Pub. L. 105-34 applicable to taxable years beginning after December 31, 1997.
Section 10211(c) of Pub. L. 100-203, as amended by Pub. L. 100-647, title II, 2004(f)(2), Nov. 10, 1988, 102 Stat. 3602, provided that:
“(1) In general.--The amendments made by this section [enacting this section] shall apply--
“(2) Existing partnership.--For purposes of this subsection--
“(A) In general.--The term ‘existing partnership’ means any partnership if--
“(B) Special rule where substantial new line of business added after december 17, 1987.--A partnership which, but for this subparagraph, would be treated as an existing partnership shall cease to be treated as an existing partnership as of the 1st day after December 17, 1987, on which there has been an addition of a substantial new line of business with respect to such partnership.
“(C) Coordination with passive-type income requirements.--In the case of an existing partnership, paragraph (1) of section 7704(c) of the Internal Revenue Code of 1986 (as added by this section) shall be applied by substituting for ‘December 31, 1987’ the earlier of--