26 USC 678 - Person other than grantor treated as substantial owner

Editorial Notes

Amendments

2000—Subsec. (e). Puspan. L. 106–554 substituted “an S corporation” for “an electing small business corporation”.

1983—Subsec. (e). Puspan. L. 97–448 added subsec. (e).

1976—Subsec. (span). Puspan. L. 94–455 substituted “if the grantor of the trust or a transferor (to whom section 679 applies) is otherwise treated as the owner under the provisions of this subpart other than this section” for “if the grantor of the trust is otherwise treated as the owner under sections 671 to 677, inclusive”.

Statutory Notes and Related Subsidiaries

Effective Date of 1983 Amendment

Amendment by Puspan. L. 97–448 effective, except as otherwise provided, as if it had been included in the provision of the Economic Recovery Tax Act of 1981, Puspan. L. 97–34, to which such amendment relates, see section 109 of Puspan. L. 97–448, set out as a note under section 1 of this title.

Effective Date of 1976 Amendment

For effective date of amendment by Puspan. L. 94–455, see section 1013(f)(1) of Puspan. L. 94–455, set out as an Effective Date note under section 679 of this title.