Provisions similar to those comprising this section were contained in former section 453 of this title.
2018—Pub. L. 115–141 substituted “loss on disposition” for “loss disposition” in section catchline.
2017—Subsec. (e)(2)(B). Pub. L. 115–97, § 13512(b)(1)(A), struck out “(as defined in section 806(b)(3))” before period at end.
Subsec. (e)(3). Pub. L. 115–97, § 13512(b)(1)(B), added par. (3).
1990—Subsec. (d). Pub. L. 101–508 substituted heading for one which read: “Effect of distribution in liquidations to which section 332 applies” and amended text generally. Prior to amendment, text read as follows: “If—
“(1) an installment obligation is distributed in a liquidation to which section 332 (relating to complete liquidations of subsidiaries) applies, and
“(2) the basis of such obligation in the hands of the distributee is determined under section 334(b)(1),
then no gain or loss with respect to the distribution of such obligation shall be recognized by the distributing corporation.”
1988—Subsec. (h). Pub. L. 100–647 added subsec. (h).
1986—Subsec. (d). Pub. L. 99–514, § 631(e)(9), amended subsec. (d) generally, substituting “liquidations to which section 332 applies” for “certain liquidations” in heading, striking out par. (1) designation, redesignating subpars. (A) and (B) as pars. (1) and (2), and striking out former par. (2) relating to liquidations to which section 337 applies.
Subsec. (e)(2)(B). Pub. L. 99–514, § 1011(b)(1), substituted “section 806(b)(3)” for “section 806(c)(3)”.
Subsec. (g). Pub. L. 99–514, § 1842(c), inserted “(other than a transfer in trust)”.
1984—Subsec. (d)(2). Pub. L. 98–369, § 492(b)(3), struck out “1251(c),” after “1250(a),” in provision following subpar. (B).
Pub. L. 98–369, § 43(c)(2), substituted “1254(a), or 1276(a)” for “or 1254(a)”.
Subsec. (e)(1). Pub. L. 98–369, § 211(b)(6)(A), substituted “section 816(a)” for “section 801(a)”.
Subsec. (e)(2). Pub. L. 98–369, § 211(b)(6)(B), substituted “as not related to insurance business” for “as investment income” in heading, and in text substituted “as if such income were an item attributable to a noninsurance business (as defined in section 806(c)(3))” for “if such income would not otherwise be returnable as an item referred to in section 804(b) or as long-term capital gain, as if the income on such obligations were income specified in section 804(b)”.
Subsec. (g). Pub. L. 98–369, § 421(b)(3), added subsec. (g).
1983—Subsec. (d)(2). Pub. L. 97–448 substituted “under subsection (a)” for “under paragraph (1)” in second sentence.
1980—Subsec. (d). Pub. L. 96–471, § 2(c)(3), inserted last sentence providing that in the case of any installment obligation which would have met the requirements of subpars. (A) and (B) of par. (2) but for sections 337(f), gain shall be recognized to such corporation by reason of such distribution only to the extent gain would have been recognized under sections 337(f) if such corporation had sold or exchanged such installment obligation on the date of such distribution.
Pub. L. 115–97, title I, § 13512(c),
Amendment by Pub. L. 101–508 effective 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 11702(j) of Pub. L. 101–508, set out as a note under section 59 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 631(e)(9) of Pub. L. 99–514 applicable to any distribution in complete liquidation, and any sale or exchange, made by a corporation after
Pub. L. 99–514, title X, § 1011(c)(1),
Amendment by section 1842(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.
Amendment by section 43(c)(2) of Pub. L. 98–369 applicable to taxable years ending after
Amendment by section 211(b)(6) of Pub. L. 98–369 applicable to taxable years beginning after
Amendment by section 421(b)(3) of Pub. L. 98–369 applicable to transfers after
Amendment by section 492(b)(3) of Pub. L. 98–369 applicable to taxable years beginning after
Amendment by Pub. L. 97–448 applicable to dispositions made after
For effective date of amendment by Pub. L. 96–471, see section 6(a)(6) of Pub. L. 96–471, set out as an Effective Date note under section 453 of this title.
For effective date, see section 6(a)(1), (5) of Pub. L. 96–471, set out as a note under section 453 of this title.
Pub. L. 106–573, § 2,
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
Pub. L. 98–369, div. A, title II, § 217(b),