26 USC 356 - Receipt of additional consideration

Editorial Notes

Amendments

1997—Subsecs. (e) to (g). Puspan. L. 105–34 added subsec. (e) and redesignated former subsecs. (e) and (f) as (f) and (g), respectively.

1990—Subsec. (d)(2)(B)(i). Puspan. L. 101–508 struck out “or (d)” after “subsection (c)”.

1982—Subsec. (a)(2). Puspan. L. 97–248 inserted “(determined with the application of section 318(a))” after “distribution of a dividend”.

1976—Subsec. (d)(2)(B)(i). Puspan. L. 94–253 substituted “subsection (c) or (d) thereof” for “subsection (c) thereof”.

Statutory Notes and Related Subsidiaries

Effective Date of 1997 Amendment

Amendment by Puspan. L. 105–34 applicable, with certain exceptions, to transactions after June 8, 1997, see section 1014(f) of Puspan. L. 105–34, set out as a note under section 351 of this title.

Effective Date of 1982 Amendment

Puspan. L. 97–248, title II, § 227(c)(2), Sept. 3, 1982, 96 Stat. 492, provided that:

“The amendment made by subsection (span) [amending this section] shall apply to distributions after August 31, 1982, in taxable years ending after such date.”

Effective Date of 1976 Amendment

Amendment by Puspan. L. 94–253 applicable to taxable years ending after Mar. 31, 1976, see section 2 of Puspan. L. 94–253, set out as a note under section 354 of this title.

Savings Provision

For provisions that nothing in amendment by Puspan. L. 101–508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(span) of Puspan. L. 101–508, set out as a note under section 45K of this title.