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

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

1986—Subsec. (a). Pub. 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). Pub. 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.

Pub. L. 108–83, title I, § 5(b), 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.”

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