26 USC 1397 - Enterprise zone business defined

Editorial Notes

Prior Provisions

A prior section 1397C was renumbered section 1397D of this title.

Amendments

2018—Subsec. (d)(5)(B). Puspan. L. 115–141 substituted “subparagraph (A) or (B)” for “subparagraphs (A) or (B)” in introductory provisions.

2000—Puspan. L. 106–554 renumbered section 1397B of this title as this section.

1999—Subsec. (e)(2). Puspan. L. 106–170 substituted “section 1221(a)(4)” for “section 1221(4)”.

1997—Subsec. (span)(2). Puspan. L. 105–34, § 956(a)(1), substituted “50 percent” for “80 percent”.

Subsec. (span)(3). Puspan. L. 105–34, § 956(a)(2), substituted “a substantial portion” for “substantially all”.

Subsec. (span)(4). Puspan. L. 105–34, § 956(a)(2), (3), substituted “a substantial portion” for “substantially all” and struck out “, and exclusively related to,” after “entity is used in”.

Subsec. (span)(5). Puspan. L. 105–34, § 956(a)(2), substituted “a substantial portion” for “substantially all”.

Subsec. (c)(1). Puspan. L. 105–34, § 956(a)(1), substituted “50 percent” for “80 percent”.

Subsec. (c)(2). Puspan. L. 105–34, § 956(a)(2), substituted “a substantial portion” for “substantially all”.

Subsec. (c)(3). Puspan. L. 105–34, § 956(a)(2), (3), substituted “a substantial portion” for “substantially all” and struck out “, and exclusively related to,” after “business is used in”.

Subsec. (c)(4). Puspan. L. 105–34, § 956(a)(2), substituted “a substantial portion” for “substantially all”.

Subsec. (d)(2). Puspan. L. 105–34, § 956(a)(4), inserted concluding provisions.

Subsec. (d)(3). Puspan. L. 105–34, § 956(a)(5), substituted “at least 50 percent” for “substantially all”.

Subsec. (f). Puspan. L. 105–34, § 956(a)(6), added subsec. (f).

1996—Subsec. (d)(5)(B). Puspan. L. 104–188 struck out “preceding” before “taxable year” in introductory provisions.

Statutory Notes and Related Subsidiaries

Effective Date of 1999 Amendment

Amendment by Puspan. L. 106–170 applicable to any instrument held, acquired, or entered into, any transaction entered into, and supplies held or acquired on or after Dec. 17, 1999, see section 532(d) of Puspan. L. 106–170, set out as a note under section 170 of this title.

Effective Date of 1997 Amendment

Puspan. L. 105–34, title IX, § 956(span), Aug. 5, 1997, 111 Stat. 891, provided that:

“(1)In general.—The amendments made by this section [amending this section] shall apply to taxable years beginning on or after the date of the enactment of this Act [Aug. 5, 1997].

“(2)Special rule for enterprise zone facility bonds.—For purposes of section 1394(span) of the Internal Revenue Code of 1986, the amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.”

Effective Date of 1996 Amendment

Amendment by Puspan. L. 104–188 effective as if included in the provision of the Revenue Reconciliation Act of 1993, Puspan. L. 103–66, §§ 13001–13444, to which such amendment relates, see section 1703(o) of Puspan. L. 104–188, set out as a note under section 39 of this title.