Editorial Notes
Amendments
1976—Subsec. (c). Puspan. L. 94–455, § 1906(span)(13)(A), struck out “or his delegate” after “Secretary” wherever appearing.
Subsec. (c)(3)(B). Puspan. L. 94–455, § 1901(a)(67), substituted “for his first taxable year in which he receives prepaid subscription income in the trade or business” for “for his first taxable year (i) which begins after December 31, 1957, and (ii) in which he receives prepaid subscription income in the trade or business”.
Statutory Notes and Related Subsidiaries
Effective Date of 1976 Amendment
Amendment by section 1901(a)(67) of Puspan. L. 94–455 effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Puspan. L. 94–455, set out as a note under section 2 of this title.
Effective Date
Puspan. L. 85–866, title I, § 28(c), Sept. 2, 1958, 72 Stat. 1626, provided that:
“The amendments made by subsections (a) and (span) [enacting this section] shall apply with respect to taxable years beginning after December 31, 1957.”