Source: https://www.law.cornell.edu/uscode/text/26/860A
Timestamp: 2015-12-01 20:16:15
Document Index: 314363477

Matched Legal Cases: ['§ 860', '§ 860', '§ 860', '§ 675', '§ 1006', '§ 671', '§ 675', '§ 1006', '§ 11832']

26 U.S. Code § 860A - Taxation of REMIC’s | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter M › Part IV › § 860A 26 U.S. Code § 860A - Taxation of REMIC’s
General rule Except as otherwise provided in this part, a REMIC shall not be subject to taxation under this subtitle (and shall not be treated as a corporation, partnership, or trust for purposes of this subtitle).
Income taxable to holders The income of any REMIC shall be taxable to the holders of interests in such REMIC as provided in this part.
Pub. L. 99–514, title VI, § 675(a)–(c), Oct. 22, 1986, 100 Stat. 2320, as amended by Pub. L. 100–647, title I, § 1006(w)(1),Nov. 10, 1988, 102 Stat. 3427, provided that:
“(a) General Rule.—Except as otherwise provided in this section, the amendments made by this subtitle [subtitle H (§§ 671–675) of title VI of Pub. L. 99–514, enacting this part and amending sections 582, 593, 856, 1272, 6049, and 7701 of this title] shall take effect on January 1, 1987.
Pub. L. 99–514, title VI, § 675(d), as added by Pub. L. 100–647, title I, § 1006(w)(2),Nov. 10, 1988, 102 Stat. 3427, directed Secretary of the Treasury to conduct a study of the operation of the amendments made by this part [this subtitle] and their competitive impact on savings and loan institutions and similar financial institutions and, not later than Jan. 1, 1990, report to Congress, prior to repeal by Pub. L. 101–508, title XI, § 11832(5),Nov. 5, 1990, 104 Stat. 1388–559.