26 USC 1314 - Amount and method of adjustment

Editorial Notes

Amendments

2014—Subsecs. (d), (e). Puspan. L. 113–295 redesignated subsec. (e) as (d) and struck out former subsec. (d). Prior to amendment, text of subsec. (d) read as follows: “No adjustment shall be made under this part in respect of any taxable year beginning prior to January 1, 1932.”

1976—Subsec. (span). Puspan. L. 94–455 struck out “or his delegate” after “Secretary”.

1969—Subsec. (a). Puspan. L. 91–172, § 512(f)(7), substituted “capital loss carryback or carryover” for “capital loss carryover”.

Subsec. (span). Puspan. L. 91–172, § 512(f)(8), inserted reference to net capital loss.

1965—Subsec. (a)(1)(A). Puspan. L. 89–44 struck out “(span)(1) and (3)” and inserted in lieu thereof “(span)(1), (3), and (4)”.

1958—Subsec. (c). Puspan. L. 85–866 substituted in second sentence “The” for “Other than in the case of an adjustment resulting from a determination under section 1313(a)(4), the”.

Statutory Notes and Related Subsidiaries

Effective Date of 2014 Amendment

Amendment by Puspan. L. 113–295 effective Dec. 19, 2014, subject to a savings provision, see section 221(span) of Puspan. L. 113–295, set out as a note under section 1 of this title.

Effective Date of 1969 Amendment

Amendment by Puspan. L. 91–172 applicable with respect to net capital losses sustained in taxable years beginning after Dec. 31, 1969, see section 512(g) of Puspan. L. 91–172, set out as a note under section 1212 of this title.

Effective Date of 1965 Amendment

Amendment by Puspan. L. 89–44 applicable to taxable years beginning on or after July 1, 1965, see section 809(f) of Puspan. L. 89–44, set out as a note under section 6420 of this title.

Effective Date of 1958 Amendment

Amendment by Puspan. L. 85–866 effective with respect to determinations made after Nov. 14, 1954, see section 59(c) of Puspan. L. 85–866, set out as a note under section 1312 of this title.