Source: http://www.law.cornell.edu/uscode/text/26/25A?quicktabs_8=1
Timestamp: 2013-05-26 09:30:18
Document Index: 383321095

Matched Legal Cases: ['§ 25', '§ 25', '§ 25', '§ 401', '§ 1004', '§ 103', '§ 25', '§ 25', '§ 25']

26 USC § 25A - Hope and Lifetime Learning credits | Title 26 - Internal Revenue Code | U.S. Code | LII / Legal Information Institute
USC › Title 26 › Subtitle A › Chapter 1 › Subchapter A › Part IV › Subpart A › § 25A	prevnext
26 USC § 25A - Hope and Lifetime Learning credits
American opportunity tax credit In the case of any taxable year beginning in 2009, 2010, 2011, or 2012—
Credit allowed against alternative minimum tax In the case of a taxable year to which section 26
(a)(2) does not apply, so much of the credit allowed under subsection (a) as is attributable to the Hope Scholarship Credit shall not exceed the excess of—
the sum of the credits allowable under this subpart (other than this subsection and sections 25D and 30D) and section 27 for the taxable year.
Any reference in this section or section 24, 25, 26, 25B, 904, or 1400C to a credit allowable under this subsection shall be treated as a reference to so much of the credit allowable under subsection (a) as is attributable to the Hope Scholarship Credit.
(a)(2) or paragraph (5), as the case may be) shall be treated as a credit allowable under subpart C (and not allowed under subsection (a)). The preceding sentence shall not apply to any taxpayer for any taxable year if such taxpayer is a child to whom subsection (g) ofsection 1 applies for such taxable year.
(a)(1),Dec. 17, 2010, 124 Stat. 3298, 3299.)
Section 702(a)(1)(B) of the Heartland Disaster Tax Relief Act of 2008, referred to in subsec. (i)(7), is section 702(a)(1)(B) ofPub. L. 110–343, div. C, title VII, Oct. 3, 2008, 122 Stat. 3912, which is not classified to the Code.
2001—Subsec. (e). Pub. L. 107–16, §§ 401(g)(2)(A), 901, temporarily amended heading and text of subsec. (e) generally. Prior to amendment, text read as follows:
Section 201(f) ofPub. L. 105–34provided that:
Pub. L. 111–5, div. B, title I, § 1004(c),Feb. 17, 2009, 123 Stat. 314, as amended by Pub. L. 111–312, title I, § 103(a)(2),Dec. 17, 2010, 124 Stat. 3299, provided that:
“(A) Mirror code possession.—The Secretary of the Treasury shall pay to each possession of the United States with a mirror code tax system amounts equal to the loss to that possession by reason of the application of section 25A(i)(6) of the Internal Revenue Code of 1986 (as added by this section) with respect to taxable years beginning in 2009, 2010, 2011, and 2012. Such amounts shall be determined by the Secretary of the Treasury based on information provided by the government of the respective possession.
“(B) Other possessions.—The Secretary of the Treasury shall pay to each possession of the United States which does not have a mirror code tax system amounts estimated by the Secretary of the Treasury as being equal to the aggregate benefits that would have been provided to residents of such possession by reason of the application of section 25A(i)(6) of such Code (as so added) for taxable years beginning in 2009, 2010, 2011, and 2012 if a mirror code tax system had been in effect in such possession. The preceding sentence shall not apply with respect to any possession of the United States unless such possession has a plan, which has been approved by the Secretary of the Treasury, under which such possession will promptly distribute such payments to the residents of such possession.
(b)(2) of title 31, United States Code, the payments under this subsection shall be treated in the same manner as a refund due from the credit allowed under section 25A of the Internal Revenue Code of 1986 by reason of subsection (i)(6) of such section (as added by this section).”
26 USCDescription of ChangeSession YearPublic LawStatutes at Large § 25A2012112-240 [Sec.] 104(c)(2)(D)126 Stat. 2322 § 25A2012112-240 [Sec.] 103(a)(1)126 Stat. 2319 § 25Ant2012112-240 [Sec.] 103(a)(2)126 Stat. 2319 This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.26 CFR - Title 26—Internal Revenue26 CFR 1 - INCOME TAXES