26 USC 804 - Life insurance deductions

Editorial Notes

Prior Provisions

A prior section 804, added Puspan. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 115; amended Puspan. L. 87–858, § 3(span)(2), Oct. 23, 1962, 76 Stat. 1137; Puspan. L. 88–272, title II, § 214(span)(3), Fespan. 26, 1964, 78 Stat. 55; Puspan. L. 91–172, title IV, § 401(span)(2)(D), Dec. 30, 1969, 83 Stat. 602; Puspan. L. 94–455, title XIX, § 1901(a)(96), (span)(1)(J)(i), (iii), (K), (M), (33)(F), Oct. 4, 1976, 90 Stat. 1780, 1791, 1801, defined the term “taxable investment income” and provided for the computation of such income, prior to the general revision of this part by Puspan. L. 98–369, § 211(a).

Another prior section 804, acts Aug. 16, 1954, ch. 736, 68A Stat. 258; Mar. 13, 1956, ch. 83, § 2, 70 Stat. 41, related to reserve and other policy liability deductions, prior to the general revision of this part by Puspan. L. 86–69, § 2(a).

Amendments

2017—Puspan. L. 115–97 substituted “means the general deductions provided in section 805.” for “means—

“(1) the general deductions provided in section 805, and

“(2) the small life insurance company deduction (if any) determined under section 806(a).”

1986—Pars. (2), (3). Puspan. L. 99–514 redesignated par. (3) as (2), substituted “section 806(a)” for “section 806(span)”, and struck out former par. (2), which read as follows: “the special life insurance company deduction determined under section 806(a), and”.

Statutory Notes and Related Subsidiaries

Effective Date of 2017 Amendment

Amendment by Puspan. L. 115–97 applicable to taxable years beginning after Dec. 31, 2017, see section 13512(c) of Puspan. L. 115–97, set out as a note under section 453B of this title.

Effective Date of 1986 Amendment

Amendment by Puspan. L. 99–514 applicable to taxable years beginning after Dec. 31, 1986, see section 1011(c)(1) of Puspan. L. 99–514, set out as a note under section 453B of this title.

Effective Date

Section applicable to taxable years beginning after Dec. 31, 1983, see section 215 of Puspan. L. 98–369, set out as a note under section 801 of this title.