26 USC 4501 - Repurchase of corporate stock

Editorial Notes

Prior Provisions

Prior sections 4501 to 4503 were repealed by Puspan. L. 101–508, title XI, § 11801(a)(48), Nov. 5, 1990, 104 Stat. 1388–522. For provisions that nothing in repeal by Puspan. L. 101–508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(span) of Puspan. L. 101–508, set out as a note under section 45K of this title.

Section 4501, acts Aug. 16, 1954, ch. 736, 68A Stat. 533; May 29, 1956, ch. 342, § 19, 70 Stat. 221; Sept. 2, 1958, Puspan. L. 85–859, title I, § 162(span), 72 Stat. 1306; July 6, 1960, Puspan. L. 86–592, § 2, 74 Stat. 330; Mar. 31, 1961, Puspan. L. 87–15, § 2(a), 75 Stat. 40; May 24, 1962, Puspan. L. 87–456, title III, § 302(a), (span), 76 Stat. 77; July 13, 1962, Puspan. L. 87–535, § 18(a), 76 Stat. 166; Nov. 8, 1965, Puspan. L. 89–331, § 13, 79 Stat. 1280; Oct. 14, 1971, Puspan. L. 92–138, § 18(span), 85 Stat. 390, related to imposition of tax upon sugar manufactured in United States.

Section 4502, acts Aug. 16, 1954, ch. 736, 68A Stat. 534; May 29, 1956, ch. 342, § 20, 70 Stat. 221; June 25, 1959, Puspan. L. 86–70, § 22(c), 73 Stat. 146; July 12, 1960, Puspan. L. 86–624, § 18(f), 74 Stat. 416, provided for applicable definitions.

Section 4503, act Aug. 16, 1954, ch. 736, 68A Stat. 534, related to exemption for sugar manufactured for home consumption.

Prior sections 4504 and 4511 to 4514 were repealed by Puspan. L. 87–456, title III, § 302(d), May 24, 1962, 76 Stat. 77, effective with respect to articles entered or withdrawn from warehouse, for consumption on or after Aug. 31, 1963, as provided by section 501(a) of Puspan. L. 87–456.

Section 4504, acts Aug. 16, 1954, ch. 736, 68A Stat. 535; May 29, 1956, ch. 342, § 21(a), 70 Stat. 221, required the tax imposed by section 4501(span) to be levied, assessed, collected and paid in the same manner as a duty imposed by the Tariff Act of 1930.

Section 4511, act Aug. 16, 1954, ch. 736, 68A Stat. 536, imposed a tax upon the processing of coconut oil, etc.

Section 4512, act Aug. 16, 1954, ch. 736, 68A Stat. 536, defined “first domestic processing”.

Section 4513, act Aug. 16, 1954, ch. 736, 68A Stat. 536, related to exemptions from the tax imposed.

Section 4514, act Aug. 16, 1954, ch. 736, 68A Stat. 536, set forth a cross-reference to subtitle F for administrative provisions.

Statutory Notes and Related Subsidiaries

Effective Date

Puspan. L. 117–169, title I, § 10201(d), Aug. 16, 2022, 136 Stat. 1831, provided that:

“The amendments made by this section [enacting this chapter and amending section 275 of this title] shall apply to repurchases (within the meaning of section 4501(c) of the Internal Revenue Code of 1986, as added by this section) of stock after December 31, 2022.”