Editorial Notes
Codification

Section was formerly classified to section 65c of this title prior to editorial reclassification and renumbering as this section.

Amendments

2003—Subsec. (a). Puspan. L. 108–83 substituted “$6,000” for “$3,000”.

1986—Subsec. (a). Puspan. L. 99–514 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.

1983—Subsec. (a). Puspan. L. 98–63, which directed that “$3,000” be substituted for “$2,000” in first sentence of subsec. (a), was executed by making the substitution in second sentence as the probable intent of Congress.

Statutory Notes and Related Subsidiaries
Effective Date of 2003 Amendment

Puspan. L. 108–83, title I, § 5(span), Sept. 30, 2003, 117 Stat. 1013, provided that:

“The amendment made by this section [amending this section] shall apply with respect to fiscal year 2004, and each fiscal year thereafter.”

Effective Date of 1983 Amendment

Puspan. L. 98–63, title I, July 30, 1983, 97 Stat. 334, provided in part that the amendment made by Puspan. L. 98–63 is effective for fiscal years beginning on or after Oct. 1, 1982.