Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section455&num=0&edition=prelim
Timestamp: 2019-11-15 08:25:53
Document Index: 785560313

Matched Legal Cases: ['§ 455', '§455', '§28', '§1901', '§1906', '§1901', '§28']

[USC02] 26 USC 455: Prepaid subscription income
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26 USC 455: Prepaid subscription income Text contains those laws in effect on November 14, 2019
§455. Prepaid subscription income
(b) Where taxpayer's liability ceases
In the case of any prepaid subscription income to which this section applies-
(Added Pub. L. 85–866, title I, §28(a), Sept. 2, 1958, 72 Stat. 1625 ; amended Pub. L. 94–455, title XIX, §§1901(a)(67), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1775 , 1834.)
1976-Subsec. (c). Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary" wherever appearing.
Subsec. (c)(3)(B). Pub. L. 94–455, §1901(a)(67), substituted "for his first taxable year in which he receives prepaid subscription income in the trade or business" for "for his first taxable year (i) which begins after December 31, 1957, and (ii) in which he receives prepaid subscription income in the trade or business".
Pub. L. 85–866, title I, §28(c), Sept. 2, 1958, 72 Stat. 1626 , provided that: "The amendments made by subsections (a) and (b) [enacting this section] shall apply with respect to taxable years beginning after December 31, 1957."