Source: https://irc.bloombergtax.com/public/uscode/doc/irc/312
Timestamp: 2019-09-22 14:47:14
Document Index: 463097962

Matched Legal Cases: ['§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312', '§ 312']

Internal Revenue Code, § 312. Effect On Earnings And Profits
I.R.C. § 312(a) General Rule —
I.R.C. § 312(a)(1) —
I.R.C. § 312(a)(2) —
I.R.C. § 312(a)(3) —
I.R.C. § 312(b) Distributions Of Appreciated Property —
I.R.C. § 312(b)(1) —
I.R.C. § 312(b)(2) —
I.R.C. § 312(c) Adjustments For Liabilities —
I.R.C. § 312(c)(1) —
I.R.C. § 312(c)(2) —
I.R.C. § 312(d) Certain Distributions Of Stock And Securities
I.R.C. § 312(d)(1) In General —
I.R.C. § 312(d)(1)(A) —
I.R.C. § 312(d)(1)(B) —
I.R.C. § 312(d)(2) Stock Or Securities —
For purposes of this subsection, the term “stock or securities” includes rights to acquire stock or securities.
I.R.C. § 312(e) Repealed. —
[Repealed. Pub. L. 98-369, div. A, title I, 61(a)(2)(B), July 18, 1984, 98 Stat. 581]
I.R.C. § 312(f) Effect On Earnings And Profits Of Gain Or Loss And Of Receipt Of Tax-Free Distributions
I.R.C. § 312(f)(1) Effect On Earnings And Profits Of Gain Or Loss —
I.R.C. § 312(f)(1)(A) —
I.R.C. § 312(f)(1)(B) —
I.R.C. § 312(f)(2) Effect On Earnings And Profits Of Receipt Of Tax-Free Distributions —
I.R.C. § 312(f)(2)(A) —
I.R.C. § 312(f)(2)(B) —
I.R.C. § 312(g) Earnings And Profits–Increase In Value Accrued Before March 1, 1913
I.R.C. § 312(g)(1) —
I.R.C. § 312(g)(2) —
I.R.C. § 312(h) Allocation In Certain Corporate Separations And Reorganizations
I.R.C. § 312(h)(1) Section 355 —
I.R.C. § 312(h)(2) Section 368(a)(1)(c) Or (d) —
I.R.C. § 312(i) Distribution Of Proceeds Of Loan Insured By The United States —
I.R.C. § 312(i)(1) —
I.R.C. § 312(i)(2) —
I.R.C. § 312(j) Repealed. —
[Repealed. Pub. L. 108-357, title IV, Sec. 413(c)(4), Oct. 22, 2004.]
I.R.C. § 312(k) Effect Of Depreciation On Earnings And Profits
I.R.C. § 312(k)(1) General Rule —
I.R.C. § 312(k)(2) Exception —
I.R.C. § 312(k)(3) Exception For Tangible Property
I.R.C. § 312(k)(3)(A) In General —
I.R.C. § 312(k)(3)(B) Treatment Of Amounts Deductible Under Section 179, 179B, 179C, 179D, Or 179E —
I.R.C. § 312(k)(4) Certain Foreign Corporations —
I.R.C. § 312(k)(5) Basis Adjustment Not Taken Into Account —
I.R.C. § 312(l) Discharge Of Indebtedness Income
I.R.C. § 312(l)(1) Does Not Increase Earnings And Profits If Applied To Reduce Basis —
I.R.C. § 312(l)(2) Reduction Of Deficit In Earnings And Profits In Certain Cases —
I.R.C. § 312(l)(2)(A) —
I.R.C. § 312(l)(2)(B) —
I.R.C. § 312(m) No Adjustment For Interest Paid On Certain Registration-Required Obligations Not In Registered Form —
The earnings and profits of any corporation shall not be decreased by any interest with respect to which a deduction is not or would not be allowable by reason of section 163(f), unless at the time of issuance the issuer is a foreign corporation that is not a controlled foreign corporation (within the meaning of section 957) and the issuance did not have as a purpose the avoidance of section 163(f) of this subsection.
I.R.C. § 312(n) Adjustments To Earnings And Profits To More Accurately Reflect Economic Gain And Loss —
I.R.C. § 312(n)(1) Construction Period Carrying Charges
I.R.C. § 312(n)(1)(A) In General —
I.R.C. § 312(n)(1)(A)(i) —
I.R.C. § 312(n)(1)(A)(ii) —
I.R.C. § 312(n)(1)(B) Construction Period Carrying Charges Defined —
For purposes of this paragraph, the term “construction period carrying charges” means all—
I.R.C. § 312(n)(1)(B)(i) —
I.R.C. § 312(n)(1)(B)(ii) —
I.R.C. § 312(n)(1)(B)(iii) —
similar carrying charges, to the extent such interest, taxes, or charges are attributable to the construction period for such property and would be allowable as a deduction in determining taxable income under this chapter for the taxable year in which paid or incurred.
I.R.C. § 312(n)(1)(C) Construction Period —
The term “construction period” has the meaning given the term production period under section 263A(f)(4)(B).
I.R.C. § 312(n)(2) Intangible Drilling Costs And Mineral Exploration And Development Costs
I.R.C. § 312(n)(2)(A) Intangible Drilling Costs —
I.R.C. § 312(n)(2)(A)(i) —
I.R.C. § 312(n)(2)(A)(ii) —
I.R.C. § 312(n)(2)(B) Mineral Exploration And Development Costs —
I.R.C. § 312(n)(2)(B)(i) —
I.R.C. § 312(n)(2)(B)(ii) —
shall be allowed as a deduction ratably over the 120-month period beginning with the later of--
I.R.C. § 312(n)(2)(B)(ii)(I) —
I.R.C. § 312(n)(2)(B)(ii)(II) —
I.R.C. § 312(n)(3) Certain Amortization Provisions Not To Apply —
I.R.C. § 312(n)(4) LIFO Inventory Adjustments
I.R.C. § 312(n)(4)(A) In General —
I.R.C. § 312(n)(4)(B) LIFO Recapture Amount —
For purposes of this paragraph, the term “LIFO recapture amount” means the amount (if any) by which—
I.R.C. § 312(n)(4)(B)(i) —
I.R.C. § 312(n)(4)(B)(ii) —
I.R.C. § 312(n)(4)(C) Definitions —
I.R.C. § 312(n)(4)(C)(i) LIFO Method —
I.R.C. § 312(n)(4)(C)(ii) Inventory Assets —
I.R.C. § 312(n)(4)(C)(iii) Inventory Amount —
I.R.C. § 312(n)(4)(C)(iii)(I) —
I.R.C. § 312(n)(4)(C)(iii)(II) —
I.R.C. § 312(n)(5) Installment Sales —
I.R.C. § 312(n)(6) Completed Contract Method Of Accounting —
I.R.C. § 312(n)(7) Redemptions —
I.R.C. § 312(n)(8) Special Rule For Certain Foreign Corporations —
I.R.C. § 312(n)(8)(A) —
I.R.C. § 312(n)(8)(B) —
I.R.C. § 312(o) Definition Of Original Issue Discount And Issue Price For Purposes Of Subsection (a)(2) —
For purposes of subsection (a)(2), the terms “original issue discount” and “issue price” have the same respective meanings as when used in subpart A of part V of subchapter P of this chapter.
(Aug. 16, 1954, ch. 736, 68A Stat. 95 ; Feb. 2, 1962, Pub. L. 87-403, Sec. 3(a), 76 Stat. 6; Oct. 16, 1962, Pub. L. 87-834, Sec. 13(f)(3), 14(b)(1), 76 Stat. 1035, 1040; Feb. 26, 1964, Pub. L. 88-272, title II, Sec. 231(b)(3), 78 Stat. 105; Aug. 22, 1964, Pub. L. 88-484, Sec. 1(b)(1), 78 Stat. 597; Sept. 12, 1966, Pub. L. 89-570, Sec. 1(b)(3), 80 Stat. 762; Dec. 30, 1969, Pub. L. 91-172, title II, Sec. 211(b)(3), title IV, Sec. 442(a), title IX, Sec. 905(b)(2), 83 Stat. 570, 628, 714; Oct. 4, 1976, Pub. L. 94-455, title II, Sec. 205(c)(1)(D), title XIX, Sec. 1901(a)(43), (b)(32)(B)(i), 1906(b)(13)(A), 90 Stat. 1535, 1771, 1800, 1834; Nov. 10, 1978, Pub. L. 95-628, Sec. 3(c), 92 Stat. 3627; Dec. 24, 1980, Pub. L. 96-589, Sec. 5(f), 94 Stat. 3406; Aug. 13, 1981, Pub. L. 97-34, title II, Sec. 206(a), (b), 95 Stat. 224; Sept. 3, 1982, Pub. L. 97-248, title II, Sec. 205(a)(3), 222(e)(3), title III, Sec. 310(b)(3), 96 Stat. 429, 480, 597; Jan. 12, 1983, Pub. L. 97-448, title III, Sec. 306(a)(6)(B), 96 Stat. 2402; July 18, 1984, Pub. L. 98-369, div. A, title I, Sec. 61(a)-(c)(1), 63(b), 111(e)(5), 98 Stat. 579-581 , 583, 633; Oct. 11, 1985, Pub. L. 99-121, title I, Sec. 103(b)(1)(C), 99 Stat. 509; Oct. 22, 1986, Pub. L. 99-514, title II, Sec. 201(b), (d)(6), 241(b)(1), title VI, Sec. 631(e)(1), title VIII, Sec. 803(b)(3), title XVIII, Sec. 1804(f)(1)(A)-(E), 1809(a)(2)(C)(ii), 100 Stat. 2137, 2141, 2181, 2273, 2355, 2804, 2805, 2819; Nov. 10, 1988, Pub. L. 100-647, title I, Sec. 1002(a)(3), 1018(d)(4), (u)(4), 102 Stat. 3353, 3578, 3590; Dec. 19, 1989, Pub. L. 101-239, title VII, Sec. 7611(f)(5)(A), 7811(m)(2), 103 Stat. 2373, 2412; Nov. 5, 1990, Pub. L. 101-508, title XI, Sec. 11812(b)(5), 11813(b)(14), 104 Stat. 1388-535, 1388-555; Pub. L. 105-34, title XVI, Sec. 1604(a)(2), Aug. 5, 1997, 111 Stat. 788; Pub. L. 108-357, title III, IV. Sec. 338(b)(3), 413(c), Oct. 22, 2004, 118 Stat. 1418; Pub. L. 109-58, title XIII, Sec. 1323(b)(3), 1331(b)(5), Aug. 8, 2005, 119 Stat. 594; Pub. L. 109-432, div. A, title IV, Sec. 404(b)(2), Dec. 20, 2006, 120 Stat. 2922; Pub. L. 113-295, Div. A, title II, Sec. 221(a)(34)(F), 221(a)(49), Dec. 19, 2014, 128 Stat. 4010.)
2014 - Subsec. (d)(2)-(3). Pub. L. 113-295, Div. A, Sec. 221(a)(49), amended subsec. (d) by striking par. (2) and by redesignating par. (3) as par. (2). Before being struck, par. (2) read as follows:
“(2) Prior Distributions.—In the case of a distribution of stock or securities, or property, to which section 115(h) of the Internal Revenue Code of 1939 (or the corresponding provision of prior law) applied, the effect on earnings and profits of such distribution shall be determined under such section 115(h), or the corresponding provision of prior law, as the case may be.”
Subsec. (k)(3). Pub. L. 113-295, Div. A, Sec. 221(a)(34)(F), amended par. (3) by striking “179A,” each place it appeared.
2006 - Subsec. (k)(3)(B). Pub. L. 109-432, Sec. 404(b)(2), amended the heading and text of subpar. (B) by substituting “179D, or 179E” for “or 179D”.
2005 - Subsec. (k)(3)(B). Pub. L. 109-58, Sec. 1323(b)(3), amended the heading and text of subpar. (B) by substituting “179, 179A, 179B, or 179C” for “179, 179A, or 179B”.
Subsec. (k)(3)(B). Pub. L. 109-58, Sec. 1331(b)(5), amended the heading and text of subpar. (B) by substituting “179, 179A, 179B, 179C, or 179D” for “179, 179A, 179B, or 179C”.
2004 - Subsec. (j). Pub. L. 108-357, Sec. 413(c)(4), struck subsec. (j). Before being sruck, it read as follows:
“(j) Earnings and profits of foreign investment companies
“(1) Allocation within affiliated group
“In the case of a sale or exchange of stock in a foreign investment company (as defined in section 1246(b)) by a United States person (as defined in section 7701(a)(30)), if such company is a member of an affiliated group, then the accumulated earnings and profits of all members of such affiliated group shall be allocated, under regulations prescribed by the Secretary, in such manner as is proper to carry out the purposes of section 1246.
“(2) Affiliated group defined
“For purposes of paragraph (1) of this subsection, the term “affiliated group” has the meaning assigned to such term by section 1504(a); except that (A) “more than 50 percent” shall be substituted for “80 percent or more”, and (B) all corporations shall be treated as includible corporations (without regard to the provisions of section 1504(b)).”
Subsec. (k)(3)(B). Pub. L. 108-357, Sec. 338(b)(3), amended subpar. (B) by substituting “, 179A, or 179B” for “or 179A" each place it appeared in the heading and text.
Subsec. (m). Pub. L. 108-357, Sec. 413(c)(5), amended subsec. (m) by striking “ a foreign investment company (within the meaning of section 1246(b)), or a foreign personal holding company (within the meaning of section 552)”.
1997 - Subsec. (k)(3)(B). Pub. L. 105-34, Sec. 1604(a)(2), amended subpar. (B) by substituting “179 or 179A” for “179” in the heading and the first place it appeared in the text; and by substituting “179 or 179A, as the case may be” for “179”.
1990 - Subsec. (k)(2). Pub. L. 101-508, Sec. 11812(b)(5), substituted heading for one which read: ‘Exceptions’ and amended text generally. Prior to amendment, text read as follows: ‘If for any taxable year beginning after June 30, 1972, a method of depreciation was used by the taxpayer which the Secretary has determined results in a reasonable allowance under section 167(a), and which is not -
‘(A) a declining balance method,
‘(B) the sum of the years-digit method, or
‘(C) any other method allowable solely by reason of the application of subsection (b)(4) or (j)(1)(C) of section 167, then the adjustment to earnings and profits for depreciation for such year shall be determined under the method so used (in lieu of under the straight line method).’
Subsec. (k)(5). Pub. L. 101-508, Sec. 11813(b)(14), substituted ‘section 50(c)’ for ‘section 48(q)’.
1989 - Subsec. (b). Pub. L. 101-239, Sec. 7811(m)(2), made clarifying amendment to directory language of Pub. L. 100-647, Sec. 1018(d)(4), see 1988 Amendment note below.
Subsec. (n)(2)(A)(ii). Pub. L. 101-239, Sec. 7611(f)(5)(A), substituted ‘in which such amount was paid or incurred’ for ‘in which the production from the well begins’.
1988 - Subsec. (b). Pub. L. 100-647, Sec. 1018(d)(4), as amended by Pub. L. 101-239, Sec. 7811(m)(2), substituted ‘of any property (other than an obligation of such corporation)’ for ‘of any property’ in introductory provisions.
Subsec. (k)(4). Pub. L. 100-647, Sec. 1002(a)(3), substituted ‘paragraph (1)’ for ‘paragraphs (1) and (3)’.
Subsec. (n)(1)(B). Pub. L. 100-647, Sec. 1018(u)(4), made technical amendment to directory language of Pub. L. 99-514, Sec. 803(b)(3)(A). See 1986 Amendment note below.
1986 - Subsec. (b). Pub. L. 99-514, Sec. 1804(f)(1)(A), amended subsec. (b) generally, substituting provisions relating to distributions of appreciated property for provisions relating to distribution of certain inventory assets.
Subsec. (c). Pub. L. 99-514, Sec. 1804(f)(1)(B), (C), struck out ‘, etc.’ after ‘liabilities’ in heading and struck out par. (3) which read as follows: ‘any gain recognized to the corporation on the distribution.’
Subsec. (k)(3). Pub. L. 99-514, Sec. 201(b), amended par. (3) generally, substituting provisions relating to tangible property to which section 168 applies and amounts deductible under section 179 for provisions relating to recovery property within the meaning of section 168, amounts deductible under section 179, and flexibility if a different recovery percentage is elected under section 168 based on a longer recovery period.
Subsec. (k)(3)(A). Pub. L. 99-514, Sec. 1809(a)(2)(C)(ii), in subpar. (A), struck out ‘and rules similar to the rules under the next to the last sentence of section 168(b)(2)(A) and section 168(b)(2)(B) shall apply’ after ‘low-income housing)’.
Subsec. (k)(4). Pub. L. 99-514, Sec. 201(d)(6), struck out last sentence ‘In determining the earnings and profits of such corporation in the case of recovery property (within the meaning of section 168), the rules of section 168(f)(2) shall apply.’
Subsec. (n)(1)(B). Pub. L. 99-514, Sec. 803(b)(3)(A), as amended by Pub. L. 100-647, Sec. 1018(u)(4), struck out ‘(determined without regard to section 189)’ after ‘incurred’.
Subsec. (n)(1)(C). Pub. L. 99-514, Sec. 803(b)(3)(B), added subpar. (C) and struck out former subpar. (C) which read as follows: ‘The term ‘construction period’ has the meaning given such term by section 189(e)(2) (determined without regard to any real property limitation).'
Subsec. (n)(3). Pub. L. 99-514, Sec. 241(b)(1), struck out ‘, 177,’ after ‘sections 173’.
Subsec. (n)(4). Pub. L. 99-514, Sec. 631(e)(1), amended par. (4) generally. Prior to amendment, par. (4) read as follows: ‘Earnings and profits shall be increased or decreased by the amount of any increase or decrease in the LIFO recapture amount (determined under section 336(b)(3)) as of the close of each taxable year; except that any decrease below the LIFO recapture amount as of the close of the taxable year preceding the first taxable year to which this paragraph applies to the taxpayer shall be taken into account only to the extent provided in regulations prescribed by the Secretary.’
Pub. L. 99-514, Sec. 1804(f)(1)(D), redesignated par. (5) as (4). Former par. (4), relating to certain untaxed appreciation of distributed property, was struck out.
Subsec. (n)(5) to (7). Pub. L. 99-514, Sec. 1804(f)(1)(D), redesignated pars. (6) to (8) as (5) to (7), respectively. Former par. (5) redesignated (4).
Subsec. (n)(8), (9). Pub. L. 99-514, Sec. 1804(f)(1)(D), (E), redesignated par. (9) as (8) and substituted provisions of subpars. (A) and (B) for ‘paragraphs (5), (6), and (7) shall apply only in the case of taxable years beginning after December 31, 1985.’ Former par. (8) redesignated (7).
1985 - Subsec. (k)(3)(A). Pub. L. 99-121 substituted ‘19-year real property’ for ‘18-year real property’ wherever appearing.
1984 - Subsec. (a)(2). Pub. L. 98-369, Sec. 61(c)(1)(A), inserted ‘(or, in the case of obligations having original issue discount, the aggregate issue price of such obligations)’.
Subsec. (e). Pub. L. 98-369, Sec. 61(a)(2)(B), struck out subsec. (e) which provided: ‘In the case of amounts distributed in a redemption to which section 302(a) or 303 applies, the part of such distribution which is properly chargeable to capital account shall not be treated as a distribution of earnings and profits.’
Subsec. (h). Pub. L. 98-369, Sec. 63(b), amended subsec. (h) generally, designating existing provisions as par. (1) and adding par. (2).
Subsec. (j)(3). Pub. L. 98-369, Sec. 61(a)(2)(A), struck out par. (3) which provided: ‘If a foreign investment company (as defined in section 1246) distributes amounts in a redemption to which section 302(a) or 303 applies, the part of such distribution which is properly chargeable to earnings and profits shall be an amount which is not in excess of the ratable share of the earnings and profits of the company accumulated after February 28, 1913, attributable to the stock so redeemed.’
Subsec. (k)(3)(A). Pub. L. 98-369, Sec. 111(e)(5), substituted ‘18-year real property and low-income housing’ for ‘15-year real property’ in three places.
Pub. L. 98-369, Sec. 61(b), substituted ‘40 years’ for ‘35 years’ in table item relating to 15-year real property. Directory language that table be amended by substituting ‘40 years’ for ‘35 years’ in item relating to 15-year real property and 20-year real property, was executed by making the substitution in item relating to 15-year real property. The table contained no item relating to 20-year real property.
Subsec. (n). Pub. L. 98-369, Sec. 61(a)(1), added subsec. (n).
Subsec. (o). Pub. L. 98-369, Sec. 61(c)(1)(B), added subsec. (o).
1983 - Subsec. (j)(3). Pub. L. 97-448 substituted ‘Redemptions’ for ‘Partial liquidations and redemptions’ in heading, and in text struck out ‘in partial liquidation or’ after ‘distributes amounts’.
1982 - Subsec. (e). Pub. L. 97-248, Sec. 222(e)(3), struck out ‘partial liquidations and’ in heading, and in text struck out ‘in partial liquidation (whether before, on, or after June 22, 1954) or’ after ‘amounts distributed’.
Subsec. (k)(5). Pub. L. 97-248, Sec. 205(a)(3), added par. (5).
Subsec. (m). Pub. L. 97-248, Sec. 310(b)(3), added subsec. (m).
1981 - Subsec. (k)(3), (4). Pub. L. 97-34 added par. (3), redesignated former par. (3) as (4) substituted ‘The provisions of paragraphs (1) and (3)’ for ‘The provisions of paragraph (1)’, and inserted provision that the rules of section 168(f)(2) shall apply in determining the earnings and profits of the corporation in the case of recovery property (within the meaning of section 168).
1980 - Subsec. (l). Pub. L. 96-589 added subsec. (l).
1978 - Subsec. (c)(3). Pub. L. 95-628 substituted ‘gain recognized to the corporation on the distribution’ for ‘gain to the corporation recognized under subsection (b), (c), or (d) of section 311, under section 341(f), or under section 617(d)(1), 1245(a), 1250(a), 1251(c), 1252(a), or 1254(a)’.
1976 - Subsec. (c)(3). Pub. L. 94-455, Sec. 205(c)(1)(D), substituted ‘1252(a), or 1254(a)’ for ‘or 1252(a)’.
Subsec. (d)(1). Pub. L. 94-455, Sec. 1901(a)(43)(A), substituted ‘this title’ for ‘this Code’ wherever appearing.
Subsec. (h). Pub. L. 94-455, Sec. 1901(a)(43)(B), 1906(b)(13)(A), redesignated subsec. (i) as (h) and struck out ‘or his delegate’ after ‘Secretary’. Former subsec. (h), which related to earnings and profits of personal service corporations, was struck out.
Subsec. (i). Pub. L. 94-455, Sec. 1901(a)(43)(B), (C), redesignated subsec. (j) as (i), and, among other changes, substituted ‘paragraph (2)’ for ‘subparagraph (B) of the preceding sentence’ and ‘of this subsection’ for ‘of this paragraph’, and struck out provisions relating to the effective date of this subsec. Former subsec. (i) redesignated (h).
Subsec. (j). Pub. L. 94-455, Sec. 1901(a)(43)(D), (b)(32)(B)(i), 1906(b)(13)(A), redesignated subsec. (l) as (j), struck out ‘or his delegate’ after ‘Secretary’ in par. (1) and in par. (3) provision relating to the effective date of such paragraph. Former subsec. (j) redesignated (i).
Subsec. (k). Pub. L. 94-455, Sec. 1901(b)(32)(B)(i), 1906(b)(13)(A), redesignated subsec. (m) as (k) and struck out ‘or his delegate’ after ‘Secretary’ in par. (2). Former subsec. (k), relating to special adjustment on disposition of antitrust stock received as a dividend, was struck out.
Subsec. (l). Pub. L. 94-455, Sec. 1901(b)(32)(B)(i), redesignated subsec. (l) as (j).
Subsec. (m). Pub. L. 94-455, Sec. 1901(b)(32)(B)(i), redesignated subsec. (m) as (k).
1969 - Subsec. (c)(3). Pub. L. 91-172, Sec. 211(b)(3), 905(b)(2), substituted ‘1250(a), 1251(c), or 1252(a)’, for ‘or 1250(a)’ and inserted reference to section 311(d).
Subsec. (m). Pub. L. 91-172, Sec. 442(a), added subsec. (m).
1966 - Subsec. (c)(3). Pub. L. 89-570 inserted reference to section 617(d)(1).
1964 - Subsec. (c)(3). Pub. L. 88-484 authorized adjustment for amount of gain recognized under section 341(f).
1962 - Subsec. (c)(3). Pub. L. 87-834, Sec. 13(f)(3), included any gain recognized under section 1245(a).
Subsec. (k). Pub. L. 87-403 added subsec. (k).
Subsec. (l). Pub. L. 87-834, Sec. 14(b)(1), added subsec. (l).
Amendments by Pub. L. 113-295, Div. A, Sec. 221(a)(34)(F), effective on the date of the enactment of this Act [Enacted: Dec. 19, 2014].
Amendments by Sec. 404(b)(2) of Pub. L. 109-432 effective for costs paid or incurred after the date of the enactment of this Act [Enacted: Dec. 20, 2006].
Amendments by Sec. 1323(b)(3) of Pub. L. 109-58 effective for property placed in service after the date of the enactment of this Act [Enacted: Aug. 8, 2005].
Amendments by Sec. 1331(b)(5) of Pub. L. 109-58 effective for property placed in service after December 31, 2005.
Amendment by Sec. 338(b)(3) of Pub. L. 108-357 effective for expenses paid or incurred after December 31, 2002, in taxable years ending after such date.
Amendments by Sec. 413(c) of Pub. L. 108-357 effective for taxable years of foreign corporations beginning after December 31, 2004, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.
Amendment by Sec. 1604(a)(2) of Pub. L. 105-34 effective as if included in the amendments made by section 1913 of the Energy Policy Act of 1992.
Amendment by section 11812(b)(5) of Pub. L. 101-508 applicable to property placed in service after Nov. 5, 1990, but not applicable to any property to which section 168 of this title does not apply by reason of subsec. (f)(5) of section 168, and not applicable to rehabilitation expenditures described in section 252(f)(5) of Pub. L. 99-514, see section 11812(c) of Pub. L. 101-508, set out as a note under section 42 of this title.
Amendment by section 11813(b)(14) of Pub. L. 101-508 applicable to property placed in service after Dec. 31, 1990, but not applicable to any transition property (as defined in section 49(e) of this title), any property with respect to which qualified progress expenditures were previously taken into account under section 46(d) of this title, and any property described in section 46(b)(2)(C) of this title, as such sections were in effect on Nov. 4, 1990, see section 11813(c) of Pub. L. 101-508, set out as a note under section 29 of this title.
Amendment by section 7611(f)(5)(A) of Pub. L. 101-239 applicable to costs paid or incurred in taxable years beginning after Dec. 31, 1989, see section 7611(g)(2) of Pub. L. 101-239, set out as a note under section 56 of this title.
Amendment by section 7811(m)(2) of Pub. L. 101-239 effective, except as otherwise provided, as if included in the provision of the Technical and Miscellaneous Revenue Act of 1988, Pub. L. 100-647, to which such amendment relates, see section 7817 of Pub. L. 101-239, set out as a note under section 1 of this title.
If any interest costs incurred after Dec. 31, 1986, are attributable to costs incurred before Jan. 1, 1987, the amendment by section 803(b)(3) of Pub. L. 99-514 is applicable to such interest costs only to the extent such interest costs are attributable to costs which were required to be capitalized under section 263 of the Internal Revenue Code of 1954 and which would have been taken into account in applying section 189 of the Internal Revenue Code of 1954 (as in effect before its repeal by section 803 of Pub. L. 99-514) or, if applicable, section 266 of such Code, see section 7831(d)(2) of Pub. L. 101-239, set out as an Effective Date note under section 263A of this title.
Amendment by section 201(b), (d)(6) of Pub. L. 99-514 applicable to property placed in service after Dec. 31, 1986, in taxable years ending after such date, with exceptions, see sections 203 and 204 of Pub. L. 99-514, set out as a note under section 168 of this title.
Amendment by section 201(b), (d)(6) of Pub. L. 99-514 not applicable to any property placed in service before Jan. 1, 1994, if such property placed in service as part of specified rehabilitations, and not applicable to certain additional rehabilitations, see section 251(d)(2), (3) of Pub. L. 99-514, set out as a note under section 46 of this title.
Amendment by section 241(b)(1) of Pub. L. 99-514 applicable to expenditures paid or incurred after Dec. 31, 1986, except as otherwise provided, see section 241(c) of Pub. L. 99-514, set out as an Effective Date of Repeal note under former section 177 of this title.
Amendment by section 631(e)(1) of Pub. L. 99-514 applicable to any distribution in complete liquidation, and any sale or exchange, made by a corporation after July 31, 1986, unless such corporation is completely liquidated before Jan. 1, 1987, any transaction described in section 338 of this title for which the acquisition date occurs after Dec. 31, 1986, and any distribution, not in complete liquidation, made after Dec. 31, 1986, with exceptions and special and transitional rules, see section 633 of Pub. L. 99-514, set out as an Effective Date note under section 336 of this title.
Amendment by section 803(b)(3) of Pub. L. 99-514 applicable to costs incurred after Dec. 31, 1986, in taxable years ending after such date, except as otherwise provided, see section 803(d) of Pub. L. 99-514, set out as an Effective Date note under section 263A of this title.
Amendment by sections 1804(f)(1)(A)-(E) and 1809(a)(2)(C)(ii) of Pub. L. 99-514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L. 98-369, div. A, to which such amendment relates, see section 1881 of Pub. L. 99-514, set out as a note under section 48 of this title.
Section 1804(f)(3) of Pub. L. 99-514 provided that: ‘Paragraph (7) of section 312(n) of the Internal Revenue Code of 1954 (now 1986) (as redesignated by paragraph (1)(D) of this subsection), and the amendments made by section 61(a)(2) of the Tax Reform Act of 1984 (amending this section), shall apply to distributions in taxable years beginning after September 30, 1984.’
Section 61(e)(1)-(3) of Pub. L. 98-369, as amended by Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
‘(1) Adjustments to earnings and profits. -
‘(A) Paragraphs (1), (2), and (3) of section 312(n). - The provisions of paragraphs (1), (2), and (3) of section 312(n) of the Internal Revenue Code of 1986 (formerly I.R.C. 1954 ) (as added by subsection (a)) shall apply to amounts paid or incurred in taxable years beginning after September 30, 1984.
‘(B) Paragraph (4) of section 312(n). - The provisions of paragraph (4) of section 312(n) of such Code (as so added) shall apply to distributions after September 30, 1984; except that such provisions shall not apply to any distribution to which the amendments made by section 54(a) of this Act (amending section 311 of this title) do not apply.
‘(C) LIFO inventory. - The provisions of paragraph (5) of section 312(n) of such Code (as so added) shall apply to taxable years beginning after September 30, 1984.
‘(D) Installment sales. - The provisions of paragraph (6) of section 312(n) of such Code (as so added) shall apply to sales after September 30, 1984, in taxable years ending after such date.
‘(E) Completed contract method. - The provisions of paragraph (7) of section 312(n) of such Code (as so added) shall apply to contracts entered into after September 30, 1984, in taxable years ending after such date.
‘(2) Subsection (b). - The amendments made by subsection (b) (amending this section) shall apply to property placed in service in taxable years beginning after September 30, 1984.
‘(3) Subsection (c). - The amendments made by subsection (c) (amending this section and section 1275 of this title) shall apply with respect to distributions declared after March 15, 1984, in taxable years ending after such date.’
Amendment by section 61(a)(2) of Pub. L. 98-369 applicable to distributions in taxable years beginning after Sept. 30, 1984, see section 1804(f)(3) of Pub. L. 99-514, set out as an Effective Date of 1986 Amendment note above.
Section 1804(f)(1)(F) of Pub. L. 99-514 provided that: ‘Any reference in subsection (e) of section 61 of the Tax Reform Act of 1984 (set out as a note above) to a paragraph of section 312(n) of the Internal Revenue Code of 1954 (now 1986) shall be treated as a reference to such paragraph as in effect before its redesignation by subparagraph (D) (see 1986 Amendment note above).’
Section 63(c) of Pub. L. 98-369 provided that: ‘The amendment made by this section (amending this section and section 368 of this title) shall apply to transactions pursuant to plans adopted after the date of the enactment of this Act (July 18, 1984).’
Amendment by section 111(e)(5) of Pub. L. 98-369 applicable with respect to property placed in service by the taxpayer after Mar. 15, 1984, subject to certain exceptions, see section 111(g) of Pub. L. 98-369, set out as a note under section 168 of this title.
Amendment by section 205(a)(3) of Pub. L. 97-248 applicable to periods after Dec. 31, 1982, under rules similar to the rules of section 48(m) of this title, with certain qualifications, see section 205(c)(1) of Pub. L. 97-248, set out as an Effective Date note under section 196 of this title.
Amendment by section 222(e)(3) of Pub. L. 97-248 applicable to distributions after Aug. 31, 1982, with exceptions for certain partial liquidations, see section 222(f) of Pub. L. 97-248, set out as a note under section 302 of this title.
Amendment by section 310(b)(3) of Pub. L. 97-248 applicable to obligations issued after Dec. 31, 1982, with exceptions for certain warrants, see section 310(d) of Pub. L. 97-248, set out as a note under section 103 of this title.
Amendment by Pub. L. 95-628 applicable to distributions made after Nov. 10, 1978, see section 3(d) of Pub. L. 95-628, set out as a note under section 301 of this title.
Amendment by section 205(c)(1)(D) of Pub. L. 94-455 effective for taxable years ending after Dec. 31, 1975, see section 205(e) of Pub. L. 94-455, set out as a note under section 1254 of this title.
Amendment by section 1901(a)(43) of Pub. L. 94-455 effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as a note under section 2 of this title.
Amendment by section 1901(b)(32) of Pub. L. 94-455 effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as a note under section 2 of this title.
Amendment by section 211(b)(3) of Pub. L. 91-172 applicable to taxable years beginning after December 31, 1969, see section 211(c) of Pub. L. 91-172, set out as a note under section 301 of this title.
Amendment by section 905(b)(2) Pub. L. 91-172 effective with respect to distributions made after Nov. 30, 1969, see section 905(c) of Pub. L. 91-172, set out as a note under section 311 of this title.
Amendment by Pub. L. 88-484 applicable with respect to transactions after Aug. 22, 1964 in taxable years ending after such date, see section 2 of Pub. L. 88-484, set out as a note under section 341 of this title.
Amendment by section 13(f)(3) of Pub. L. 87-834 applicable to taxable years beginning after Dec. 31, 1962, see section 13(g) of Pub. L. 87-834, set out as an Effective Date note under section 1245 of this title.
Amendment by section 14(b)(1) of Pub. L. 87-834 applicable with respect to taxable years beginning after Dec. 31, 1962, see section 14(c) of Pub. L. 87-834, set out as an Effective Date note under section 1246 of this title.
Section 3(g) of Pub. L. 87-403 provided that: ‘The amendments made by this section (amending this section and sections 535, 543, 545, 556 and 561 of this title) shall apply only with respect to distributions made after the date of the enactment of this Act (Feb. 2, 1962).’