26 USC 811 - Accounting provisions

Editorial Notes

Prior Provisions

A prior section 811, added Puspan. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 126; amended Puspan. L. 97–248, title II, § 255(span)(1), Sept. 3, 1982, 96 Stat. 533; Puspan. L. 98–369, div. A, title VII, § 714(a), July 18, 1984, 98 Stat. 960, related to dividends to policyholders, prior to the general revision of this part by Puspan. L. 98–369, § 211(a).

Another prior section 811, act Aug. 16, 1954, ch. 736, § 811, as added Mar. 13, 1956, ch. 83, § 2, 70 Stat. 44; amended July 24, 1956, ch. 696, § 2(c), 70 Stat. 633; Mar. 17, 1958, Puspan. L. 85–345, § 2(c), 72 Stat. 37, imposed a tax on the life insurance company taxable income of all life insurance companies for taxable years beginning after Dec. 31, 1957, prior to the general revision of this part by Puspan. L. 86–69, § 2(a).

Amendments

2017—Subsec. (d)(1). Puspan. L. 115–97 substituted “the interest rate in effect under section 808(g)” for “the greater of the prevailing State assumed interest rate or applicable Federal interest rate in effect under section 807”.

1988—Subsec. (d)(1). Puspan. L. 100–647 substituted “the greater of the prevailing State assumed interest rate or applicable Federal interest rate in effect under section 807 for the contract” for “the prevailing State assumed interest rate for the contract”.

1984—Subsec. (span)(3). Puspan. L. 98–369, § 42(a)(8), substituted “section 1273” for “section 1232(span)”.

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, with transition rule and transition relief, see section 13517(c) of Puspan. L. 115–97, set out as a note under section 807 of this title.

Effective Date of 1988 Amendment

Amendment by Puspan. L. 100–647 effective, except as otherwise provided, as if included in the provisions of the Revenue Act of 1987, Puspan. L. 100–203, title X, to which such amendment relates, see section 2004(u) of Puspan. L. 100–647, set out as a note under section 56 of this title.

Effective Date of 1984 Amendment

Amendment by section 42(a)(8) of Puspan. L. 98–369 applicable to taxable years ending after July 18, 1984, see section 44 of Puspan. L. 98–369, set out as an Effective Date note under section 1271 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.