Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section4947&num=0&edition=prelim
Timestamp: 2020-01-24 20:59:03
Document Index: 32932924

Matched Legal Cases: ['§ 4947', '§101', '§1906', '§1530', '§542', '§413', '§301', '§542', '§542']

[USC02] 26 USC 4947: Application of taxes to certain nonexempt trusts
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26 USC 4947: Application of taxes to certain nonexempt trusts Text contains those laws in effect on January 23, 2020
In the case of a trust which is not exempt from tax under section 501(a), not all of the unexpired interests in which are devoted to one or more of the purposes described in section 170(c)(2)(B), and which has amounts in trust for which a deduction was allowed under section 170, 545(b)(2), 642(c), 2055, 2106(a)(2), or 2522, section 507 (relating to termination of private foundation status), section 508(e) (relating to governing instruments) to the extent applicable to a trust described in this paragraph, section 4941 (relating to taxes on self-dealing), section 4943 (relating to taxes on excess business holdings) except as provided in subsection (b)(3), section 4944 (relating to investments which jeopardize charitable purpose) except as provided in subsection (b)(3), and section 4945 (relating to taxes on taxable expenditures) shall apply as if such trust were a private foundation. This paragraph shall not apply with respect to-
Sections 4943 and 4944 shall not apply to a trust which is described in subsection (a)(2) if-
(Added Pub. L. 91–172, title I, §101(b), Dec. 30, 1969, 83 Stat. 517 ; amended Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834 ; Pub. L. 105–34, title XV, §1530(c)(9), Aug. 5, 1997, 111 Stat. 1079 ; Pub. L. 107–16, title V, §542(e)(4), June 7, 2001, 115 Stat. 85 ; Pub. L. 108–357, title IV, §413(c)(30), Oct. 22, 2004, 118 Stat. 1509 ; Pub. L. 111–312, title III, §301(a), Dec. 17, 2010, 124 Stat. 3300 .)
2010-Subsec. (a)(2)(A). Pub. L. 111–312 amended subsec. (a)(2)(A) to read as if amendment by Pub. L. 107–16, §542(e)(4), had never been enacted. See 2001 Amendment note below.
2004-Subsecs. (a)(1), (2), (b)(3). Pub. L. 108–357 struck out "556(b)(2)," after "545(b)(2)," wherever appearing.
2001-Subsec. (a)(2)(A). Pub. L. 107–16, §542(e)(4), inserted "642(c)," after "170(f)(2)(B),".