2010—Subsec. (i)(1). Pub. L. 111–147, § 533(a), substituted “(or permits the use of any other trust property) directly or indirectly to or by” for “directly or indirectly to” in introductory provisions and inserted “(or the fair market value of the use of such property)” after “the amount of such loan” in concluding provisions.
Subsec. (i)(2)(E). Pub. L. 111–147, § 533(b), added subpar. (E).
Subsec. (i)(3). Pub. L. 111–147, § 533(d), struck out “regarding loan principal” after “transactions” in heading and inserted “(or use of property)” after “If any loan” and “or the return of such property” after “otherwise)”.
1996—Subsec. (a)(7). Pub. L. 104–188, § 1906(b), added par. (7).
Subsec. (h). Pub. L. 104–188, § 1904(c)(1), added subsec. (h).
Subsec. (i). Pub. L. 104–188, § 1906(c)(1), added subsec. (i).
1993—Subsec. (a)(3). Pub. L. 103–66 inserted at end “The exclusion under section 1202 shall not be taken into account.”
1989—Subsec. (a)(6)(A). Pub. L. 101–239, § 7811(f)(1), substituted “section 265(a)(1)” for “section 265(1)”.
Subsec. (a)(6)(C). Pub. L. 101–239, § 7811(b)(1), struck out “(i)” after “such a trust,” and “, and (ii) the deduction under section 1202 (relating to deduction for excess of capital gains over capital losses) shall not be taken into account” before period at end.
Subsec. (a)(6)(D). Pub. L. 101–239, § 7811(b)(2), struck out subpar. (D) which read as follows: “Effective for distributions made in taxable years beginning after
1988—Subsec. (g)(1). Pub. L. 100–647, § 1014(d)(3)(A), struck out at end “The preceding sentence shall apply only to the extent the payments of estimated tax made by the trust for the taxable year exceed the tax imposed by this chapter shown on its return for the taxable year.”
Subsec. (g)(2). Pub. L. 100–647, § 1014(d)(3)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “An election under paragraph (1) may be made—
“(A) only on the trust’s return of the tax imposed by this chapter for the taxable year, and
“(B) only if such return is filed on or before the 65th day after the close of the taxable year.”
Subsec. (g)(3). Pub. L. 100–647, § 1014(d)(4), added par. (3).
1986—Subsec. (a)(3). Pub. L. 99–514, § 301(b)(7), struck out “The deduction under section 1202 (relating to deduction for excess of capital gains over capital losses) shall not be taken into account.”
Subsec. (a)(7). Pub. L. 99–514, § 612(b)(4), struck out par. (7), dividends or interest, which read as follows: “There shall be included the amount of any dividends or interest excluded from gross income pursuant to section 116 (relating to partial exclusion of dividends) or section 128 (relating to certain interest).”
Subsec. (d). Pub. L. 99–514, § 1806(c)(1), redesignated subsec. (d), relating to treatment of property distributed in kind, as (e). Former subsec. (e) redesignated (f).
Subsec. (e). Pub. L. 99–514, § 1806(a), (c)(1), redesignated subsec. (d) relating to treatment of property distributed in kind as (e) and amended par. (3)(B) generally, substituting “shall apply to all distributions made by the estate or trust during a taxable year and shall be made on the return of such estate or trust for such taxable year” for “shall be made by the estate or trust on its return for the taxable year for which the distribution was made”. Former subsec. (e) redesignated (f).
Subsec. (f). Pub. L. 99–514, § 1806(c)(2), redesignated subsec. (e) as (f).
Subsec. (g). Pub. L. 99–514, § 1404(b), added subsec. (g).
1984—Subsec. (d). Pub. L. 98–369, § 81(a), added subsec. (d) relating to treatment of property distributed in kind.
Pub. L. 98–369, § 722(h)(3), added subsec. (d) relating to coordination with back-up withholding.
Subsec. (e). Pub. L. 98–369, § 82(a), added subsec. (e).
1983—Subsec. (a)(7). Pub. L. 97–448 substituted “section 116 (relating to partial exclusion of dividends) or section 128 (relating to certain interest)” for “section 116 (relating to partial exclusion of dividends or interest received) or section 128 (relating to interest on certain savings certificates)”.
Subsec. (d). Pub. L. 98–67 repealed amendments made by Pub. L. 97–248. See 1982 Amendment note below.
1982—Subsec. (d). Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited after
1981—Subsec. (a)(7). Pub. L. 97–34, § 301(b)(6)(A), inserted reference to “interest” in heading and text, which continued the amendment made by Pub. L. 96–223.
Pub. L. 97–34, § 301(b)(4), inserted “or section 128 (relating to interest on certain savings certificates)” after “received)”.
1980—Subsec. (a)(7). Pub. L. 96–223 inserted “or interest” after “dividends” in heading and text.
1976—Subsec. (a)(6)(C). Pub. L. 94–455, § 1013(c)(1), struck out “created by a United States person” after “foreign trust”.
Subsec. (a)(6)(D). Pub. L. 94–455, § 1013(c)(2), added subpar. (D).
Subsec. (d). Pub. L. 94–455, § 1013(e)(2), struck out subsec. (a) which defined a foreign trust created by a United States person.
1962—Subsec. (a)(6). Pub. L. 87–834, § 7(a)(1), substituted “Income of foreign trust” for “Foreign income” in heading, designated existing provisions as subpar. (A), and added subpars. (B) and (C).
Subsec. (d). Pub. L. 87–834, § 7(a)(2), added subsec. (d).
Pub. L. 111–147, title V, § 533(e),
Pub. L. 104–188, title I, § 1904(d), “(1) Except as provided by paragraph (2), the amendments made by this section [amending this section and sections 665, 672, and 901 of this title] shall take effect on the date of the enactment of this Act [“(2) The amendments made by this section shall not apply to any trust—“(A) which is treated as owned by the grantor under section 676 or 677 (other than subsection (a)(3) thereof) of the Internal Revenue Code of 1986, and“(B) which is in existence on The preceding sentence shall not apply to the portion of any such trust attributable to any transfer to such trust after
Pub. L. 104–188, title I, § 1906(d)(2), (3), “(2) The amendment made by subsection (b) [amending this section] shall take effect on the date of the enactment of this Act [“(3) The amendment made by subsection (c) [amending this section and section 7872 of this title] shall apply to loans of cash or marketable securities made after
Amendment by Pub. L. 103–66 applicable to stock issued after
Amendment by Pub. L. 101–239 effective, except as otherwise provided, as if included in the provision of the Technical and Miscellaneous Revenue Act of 1988, Pub. L. 100–647, to which such amendment relates, see section 7817 of Pub. L. 101–239, set out as a note under section 1 of this title.
Amendment by Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.
Amendment by section 301(b)(7) of Pub. L. 99–514 applicable to taxable years beginning after
Amendment by section 612(b)(4) of Pub. L. 99–514 applicable to taxable years beginning after
Pub. L. 99–514, title XIV, § 1404(d),
Amendment by section 1806(a), (c) of Pub. L. 99–514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L. 98–369, div. A, to which such amendment relates, see section 1881 of Pub. L. 99–514, set out as a note under section 48 of this title.
Pub. L. 98–369, div. A, title I, § 81(b), “(1) The amendment made by subsection (a) [amending this section] shall apply to distributions after “(2) In the case of any distribution before the date of the enactment of this Act [“(A) the time for making an election under section 643(d)(3) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as added by this section) shall not expire before “(B) the requirement that such election be made on the return of the estate or trust shall not apply.”
Pub. L. 98–369, div. A, title I, § 82(b),
Pub. L. 98–369, div. A, title VII, § 722(h)(5), “(A) Except as provided in this paragraph, the amendments made by this subsection [amending this section and sections 3405, 3406, and 6041 of this title] shall apply as if included in the amendments made by the Interest and Dividend Tax Compliance Act of 1983 [Pub. L. 98–67].“(B) The amendments made by paragraph (4) [amending sections 3405 and 6041 of this title] shall apply to payments or distributions after
Amendment by Pub. L. 97–448 effective, except as otherwise provided, as if it had been included in the provision of the Economic Recovery Tax Act of 1981, Pub. L. 97–34, to which such amendment relates, see section 109 of Pub. L. 97–448, set out as a note under section 1 of this title.
Amendment by section 301(b)(4) of Pub. L. 97–34 applicable to taxable years ending after
Amendment by Pub. L. 96–223 applicable with respect to taxable years beginning after
For effective date of amendment by section 1013(e)(2) of Pub. L. 94–455, see section 1013(f)(1) of Pub. L. 94–455, set out as an Effective Date note under section 679 of this title.
Pub. L. 94–455, title X, § 1013(f)(2),
Pub. L. 87–834, § 7(j),
Pub. L. 100–647, title X, § 1018(e), “If—“(1) on a return for the 1st taxable year of the trusts involved beginning after “(2) such trusts would have been required to be so treated but for the amendment made by section 1806(b) of the Reform Act [Pub. L. 99–514, which amended provisions set out as an Effective Date of 1984 Amendment note above], and“(3) such trusts did not accumulate any income during such taxable year and did not make any accumulation distributions during such taxable year,then, notwithstanding the amendment made by section 1806(b) of the Reform Act, such trusts shall be treated as one trust for purposes of such taxable year.”
For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Pub. L. 99–514 require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after