26 USC 964 - Miscellaneous provisions

Editorial Notes

References in Text

The Foreign Corrupt Practices Act of 1977, referred to in subsec. (a), is title I of Puspan. L. 95–213, Dec. 19, 1977, 91 Stat. 1494, which enacted sections 78dd–1 to 78dd–3 of Title 15, Commerce and Trade, and amended sections 78m and 78ff of Title 15. For complete classification of this Act to the Code, see Short Title of 1977 Amendment note set out under section 78a of Title 15 and Tables.

Amendments

2017—Subsec. (span). Puspan. L. 115–97, § 14212(span)(4), struck out “, 955,” after “sections 952”.

Subsec. (e)(4). Puspan. L. 115–97, § 14102(c)(1), added par. (4).

1997—Subsec. (e). Puspan. L. 105–34 added subsec. (e).

1988—Subsec. (d). Puspan. L. 100–647 added subsec. (d).

1982—Subsec. (a). Puspan. L. 97–248 inserted provision that payments referred to in sentence beginning “In determining such earnings and profits” are payments which would be unlawful under the Foreign Corrupt Practices Act of 1977 if the payor were a United States person.

1981—Subsec. (a). Puspan. L. 97–34 substituted “section 312(k)(4)” for “section 312(k)(3)”.

1976—Subsec. (a). Puspan. L. 94–455, §§ 1065(span), 1901(span)(32)(B)(ii), 1906(span)(13)(A), struck out “or his delegate” after “Secretary”, inserted second sentence, and substituted “312(k)(3)” for “312(m)(3)” after “provided in section”.

Subsecs. (span), (c)(1), (2). Puspan. L. 94–455, § 1906(span)(13)(A), struck out “or his delegate” after “Secretary” whenever appearing.

1969—Subsec. (a). Puspan. L. 91–172 inserted reference to the exception provided for in section 312(m)(3).

Statutory Notes and Related Subsidiaries

Effective Date of 2017 Amendment

Puspan. L. 115–97, title I, § 14102(c)(2), Dec. 22, 2017, 131 Stat. 2193, provided that:

“The amendments made by this subsection [amending this section] shall apply to sales or exchanges after December 31, 2017.”

Amendment by section 14212(span)(4) of Puspan. L. 115–97 applicable to taxable years of foreign corporations beginning after Dec. 31, 2017, and to taxable years of United States shareholders in which or with which such taxable years of foreign corporations end, see section 14212(c) of Puspan. L. 115–97, set out as a note under section 851 of this title.

Effective Date of 1997 Amendment

Puspan. L. 105–34, title XI, § 1111(c)(1), Aug. 5, 1997, 111 Stat. 969, provided that:

“The amendment made by subsection (a) [amending this section] shall apply to gain recognized on transactions occurring after the date of the enactment of this Act [Aug. 5, 1997].”

Effective Date of 1988 Amendment

Puspan. L. 100–647, title VI, § 6129(span), Nov. 10, 1988, 102 Stat. 3716, provided that:

“The amendment made by subsection (a) [amending this section] shall apply to taxable years of foreign corporations beginning after December 31, 1988.”

Effective Date of 1982 Amendment

Amendment by Puspan. L. 97–248 applicable to payments made after Sept. 3, 1982, see section 288(c) of Puspan. L. 97–248, set out as a note under section 162 of this title.

Effective Date of 1981 Amendment

Amendment by Puspan. L. 97–34 applicable to property placed in service after Dec. 31, 1980, in taxable years ending after that date, see section 209(a) of Puspan. L. 97–34, set out as an Effective Date note under section 168 of this title.

Effective Date of 1976 Amendment

Amendment by section 1065(span) of Puspan. L. 94–455 applicable to payments described in section 162(c) of this title made more than 30 days after Oct. 4, 1976, see section 1066(span) of Puspan. L. 94–455, set out as a note under section 952 of this title.