Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section1275&num=0&edition=prelim
Timestamp: 2020-01-19 04:46:16
Document Index: 54666491

Matched Legal Cases: ['§ 1275', '§41', '§1804', '§1006', '§11325', '§1', '§318', '§61', '§1', '§318']

[USC02] 26 USC 1275: Other definitions and special rules
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26 USC 1275: Other definitions and special rules Text contains those laws in effect on January 17, 2020
The term "debt instrument" shall not include any annuity contract to which section 72 applies and which-
(ii) is issued by an insurance company subject to tax under subchapter L (or by an entity described in section 501(c) and exempt from tax under section 501(a) which would be subject to tax under subchapter L were it not so exempt)-
The term "tax-exempt obligation" means any obligation if-
In the case of any debt instrument, if-
(A) such instrument-
In the case of any debt instrument having original issue discount, the Secretary may by regulations require that-
(Added and amended Pub. L. 98–369, div. A, title I, §§41(a), 61(c)(2), July 18, 1984, 98 Stat. 540 , 581; Pub. L. 99–514, title XVIII, §1804(f)(2)(A), Oct. 22, 1986, 100 Stat. 2805 ; Pub. L. 100–647, title I, §1006(u)(4), Nov. 10, 1988, 102 Stat. 3427 ; Pub. L. 101–508, title XI, §11325(a)(2), Nov. 5, 1990, 104 Stat. 1388–466 ; Pub. L. 106–554, §1(a)(7) [title III, §318(c)(1)], Dec. 21, 2000, 114 Stat. 2763 , 2763A-645.)
2000-Subsec. (a)(1)(B)(ii). Pub. L. 106–554, in introductory provisions, substituted "subchapter L (or by an entity described in section 501(c) and exempt from tax under section 501(a) which would be subject to tax under subchapter L were it not so exempt)" for "subchapter L".
1990-Subsec. (a)(4), (5). Pub. L. 101–508 redesignated par. (5) as (4) and struck out former par. (4) which related to a special rule for determination of issue price in case of exchange of debt instruments in reorganization.
1988-Subsec. (a)(4)(B)(ii)(I). Pub. L. 100–647 substituted "subsection (a)(7)" for "subsection (a)(6)".
1986-Subsec. (a)(4), (5). Pub. L. 99–514 redesignated par. (4), relating to treatment of obligations distributed to corporations, as (5), and substituted "by corporations" for "to corporations" in heading.
1984-Subsec. (a)(4). Pub. L. 98–369, §61(c)(2), added par. (4) relating to treatment of obligations distributed to corporations.
Pub. L. 106–554, §1(a)(7) [title III, §318(c)(2)], Dec. 21, 2000, 114 Stat. 2763 , 2763A-645, provided that: "The amendment made by this subsection [amending this section] shall take effect as if included in the amendments made by section 41 of the Tax Reform Act of 1984 [Pub. L. 98–369, div. A]."