Amendments
2018—Subsec. (a)(1). Pub. L. 115–141, § 401(b)(32)(A), struck out “during a taxable year beginning” after “disposed of” in introductory provisions. Subsec. (a)(1)(A). Pub. L. 115–141, § 401(b)(32)(B), substituted “section” for “sections” and “for expenditures” for “and 182 (as in effect on the day before the date of the enactment of the Tax Reform Act of 1986) for expenditures”. Subsec. (a)(2). Pub. L. 115–141, § 401(b)(32)(C), substituted “section” for “sections” and struck out “or 182 (relating to expenditures by farmers for clearing land)” before period at end. 2014—Subsec. (a)(1). Pub. L. 113–295, § 221(a)(85)(A), struck out “after
December 31, 1969” after “beginning” in introductory provisions. Subsec. (a)(1)(A). Pub. L. 113–295, § 221(a)(85)(B), struck out “after
December 31, 1969,” after “taxpayer”. 1986—Subsec. (a)(1)(A). Pub. L. 99–514 substituted “(as in effect on the day before the date of the enactment of the Tax Reform Act of 1986)” for “(relating to expenditures by farmers for clearing land)”. 1984—Subsec. (a)(1). Pub. L. 98–369 struck out “, except that this section shall not apply to the extent
section 1251 applies to such gain” after “of this subtitle” in last sentence. 1976—Subsec. (a)(1). Pub. L. 94–455, § 1901(b)(3)(K), substituted “ordinary income” for “gain from the sale or exchange of property which is neither a capital asset nor property described in
section 1231”. Subsec. (b). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2014 AmendmentAmendment by Pub. L. 113–295 effective Dec. 19, 2014, subject to a
Savings Provision
, see
section 221(b) of Pub. L. 113–295, set out as a note under
section 1 of this title.
Effective Date
of 1986 AmendmentAmendment by Pub. L. 99–514 applicable to amounts paid or incurred after Dec. 31, 1985, in taxable years ending after such date, see
section 402(c) of Pub. L. 99–514, set out as an
Effective Date
of Repeal note under former
section 182 of this title.
Effective Date
of 1984 AmendmentAmendment by Pub. L. 98–369 applicable to taxable years beginning after Dec. 31, 1983, see
section 492(d) of Pub. L. 98–369, set out as a note under
section 170 of this title.
Effective Date
of 1976 AmendmentAmendment by
section 1901(b)(3)(K) of Pub. L. 94–455 effective for taxable years beginning after Dec. 31, 1976, see
section 1901(d) of Pub. L. 94–455, set out as a note under
section 2 of this title.
Effective Date
Pub. L. 91–172, title II, § 214(c), Dec. 30, 1969, 83 Stat. 573, provided that: “The
Amendments
made by this section [enacting this section] shall apply to taxable years beginning after December 31, 1969.”
Savings Provision
For provisions that nothing in amendment by Pub. L. 115–141 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Mar. 23, 2018, for purposes of determining liability for tax for periods ending after Mar. 23, 2018, see
section 401(e) of Pub. L. 115–141, set out as a note under
section 23 of this title.
