Source: http://www.ilw.com/books/TheEB5BookOnlineResource/Statutes/26USC1445.shtm
Timestamp: 2016-12-07 08:39:53
Document Index: 678802667

Matched Legal Cases: ['§129', '§311', '§1810', '§1003', '§13221', '§1704', '§311', '§301', '§505', '§3024', '§102', '§323', '§324', '§323', '§102', '§3024', '§506', '§1810', '§1810', '§324', '§3024', '§1704', '§1003', '§1810', '§129']

26 USC 1445: Withholding of tax on dispositions of United States real property interests
Except as provided in paragraph (7), this paragraph applies in the case of a disposition of any interest in any domestic corporation if the domestic corporation furnishes to the transferee an affidavit by the domestic corporation stating, under penalty of perjury, that-
For purposes of subparagraph (A), the term "qualifying statement" means a statement by the Secretary that-
(i) the transferor either-
This paragraph applies to the disposition if-
Paragraph (2), (3), or (9) (as the case may be) shall not apply to any disposition-
For purposes of paragraphs (2) and (7)-
Paragraph (2) shall be treated as applying to a transaction if, in connection with a disposition of a United States real property interest-
Requests for-
In the case of a disposition-
(i) any transferor's agent-
For purposes of this subsection, the term "transferor's agent" means any person who represents the transferor-
For purposes of this subsection, the term "transferee's agent" means any person who represents the transferee-
In the case of any disposition of a United States real property interest as defined in section 897(c) (other than a disposition described in paragraph (4) or (5)) by a domestic partnership, domestic trust, or domestic estate, such partnership, the trustee of such trust, or the executor of such estate (as the case may be) shall be required to deduct and withhold under subsection (a) a tax equal to 35 percent (or, to the extent provided in regulations, 20 percent) of the gain realized to the extent such gain-
The term "foreign person" means any person other than-
The term "transferor's maximum tax liability" means, with respect to the disposition of any interest, the sum of-
The term "qualified substitute" means, with respect to a disposition of a United States real property interest-
(Added Pub. L. 98–369, div. A, title I, §129(a)(1), July 18, 1984, 98 Stat. 655
; amended Pub. L. 99–514, title III, §311(b)(4), title XVIII, §1810(f)(2)–(4)(A), (5), (6), (8), Oct. 22, 1986, 100 Stat. 2219
, 2827, 2828; Pub. L. 100–647, title I, §1003(b)(3), Nov. 10, 1988, 102 Stat. 3384
; Pub. L. 103–66, title XIII, §13221(c)(3), Aug. 10, 1993, 107 Stat. 477
; Pub. L. 104–188, title I, §1704(c)(1), Aug. 20, 1996, 110 Stat. 1878
; Pub. L. 105–34, title III, §311(c)(1), Aug. 5, 1997, 111 Stat. 835
; Pub. L. 108–27, title III, §301(a)(2)(C), May 28, 2003, 117 Stat. 758
; Pub. L. 109–222, title V, §§505(b), 506(b), May 17, 2006, 120 Stat. 356
, 358; Pub. L. 110–289, div. C, title I, §3024(a)–(c), July 30, 2008, 122 Stat. 2895
; Pub. L. 112–240, title I, §102(c)(1)(C), (3), Jan. 2, 2013, 126 Stat. 2319
; Pub. L. 114–113, div. Q, title III, §§323(b), 324(a), (b), Dec. 18, 2015, 129 Stat. 3103
2015-Subsec. (a). Pub. L. 114–113, §324(a), substituted "15 percent" for "10 percent".
Subsec. (f)(3). Pub. L. 114–113, §323(b), substituted "any person other than-" for "any person other than a United States person." and added subpars. (A) and (B).
2013-Subsec. (e)(1). Pub. L. 112–240, §102(c)(1)(C), substituted "20 percent" for "15 percent" in introductory provisions.
2008-Subsec. (b)(7). Pub. L. 110–289, §3024(c)(1), amended par. (7) generally. Prior to amendment, par. (7) related to special rules for paragraphs (2) and (3).
2006-Subsec. (b)(8). Pub. L. 109–222, §506(b), added par. (8).
2003-Subsec. (e)(1). Pub. L. 108–27 substituted "15 percent" for "20 percent".
1997-Subsec. (e)(1). Pub. L. 105–34 substituted "20 percent" for "28 percent" in introductory provisions.
1996-Subsec. (e)(3). Pub. L. 104–188 inserted at end "Rules similar to the rules of the preceding provisions of this paragraph shall apply in the case of any distribution to which section 301 applies and which is not made out of the earnings and profits of such a domestic corporation."
1993-Subsec. (e)(1), (2). Pub. L. 103–66 substituted "35 percent" for "34 percent".
1988-Subsec. (e)(1). Pub. L. 100–647 inserted "(or, to the extent provided in regulations, 28 percent)" after "to 34 percent".
1986-Subsec. (b)(3). Pub. L. 99–514, §1810(f)(2), amended par. (3) generally, substituting "interests in corporation not United States real property interests" for "it is not a United States real property holding corporation" in heading, striking out the comma before "if the domestic corporation" in introductory provisions, inserting subpar. (A) designation and adding subpar. (B).
Pub. L. 99–514, §1810(f)(4), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "A domestic partnership, the trustee of a domestic trust, or the executor of a domestic estate shall be required to deduct and withhold under subsection (a) a tax equal to 10 percent of any amount of which such partnership, trustee, or executor has custody which is-
"(B) either-
Pub. L. 114–113, div. Q, title III, §324(c), Dec. 18, 2015, 129 Stat. 3103
, provided that: "The amendments made by this section [amending this section] shall apply to dispositions after the date which is 60 days after the date of the enactment of this Act [Dec. 18, 2015]."
Pub. L. 110–289, div. C, title I, §3024(d), July 30, 2008, 122 Stat. 2896
, provided that: "The amendments made by this section [amending this section] shall apply to dispositions of United States real property interests after the date of the enactment of this Act [July 30, 2008]."
Pub. L. 104–188, title I, §1704(c)(2), Aug. 20, 1996, 110 Stat. 1878
, provided that: "The amendment made by paragraph (1) [amending this section] shall apply to distributions after the date of the enactment of this Act [Aug. 20, 1996]."
Pub. L. 100–647, title I, §1003(b)(3), Nov. 10, 1988, 102 Stat. 3384
, provided that the amendment made by that section is effective for taxable years beginning after Dec. 31, 1987.
Pub. L. 99–514, title XVIII, §1810(f)(4)(B), Oct. 22, 1986, 100 Stat. 2827
, provided that: "The amendment made by subparagraph (A) [amending this section] shall apply to dispositions after the day 30 days after the date of the enactment of this Act [Oct. 22, 1986]."
Pub. L. 98–369, div. A, title I, §129(c)(1), July 18, 1984, 98 Stat. 660
, provided that: "The amendment made by subsection (a) [enacting this section] shall apply to any disposition on or after January 1, 1985."