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TITLE 26-INTERNAL REVENUE CODE AMENDMENTS 1976-Subsec. (b)(1)(B)(ii). Pub. L. 94-455. § 205(c)(1)(B), substituted "1252(a), or 1254(a)" for "or 1252(a)". Subsec. (b)(1)(C). Pub. L. 94.455, § 1906(b)(13)(A), struck out "or his delegate" following "Secretary". Subsec. (d)(2)(B). Pub. L. 94-455, § 205(c)(1)(C), sub. stituted "1252(a), or 1254(a)" for "or 1252(a)". Subsec. (e). Pub. L. 94-455, § 1901(a)(41), (b)(32)(A), redesignated former subsec. (g) as (e). Former subsec. (e), which related to exceptions for certain distribu- tions by personal service corporations, was struck out. Subsec. (f). Pub. L. 94-455, § 1901(b)(32)(A), struck out subsec. (f), which related to special rules for distri- bution of antitrust stock to corporations. Subsec. (g). Pub. L. 94.-455, § 1901(b)(32)(A), redesig- nated subsec. (g) as (e). 1971-Subsec. (b)(1)(B). Pub. L. 92-178, §312(a)(1), substituted "corporation, unless subparagraph (D) ap- plies" for "corporation" where first appearing. Subsec. (b)(1)(D). Pub. L. 92-178, §312(a)(2), added subpar. (D). Subsec. (d)(2). Pub. L. 92-178, § 312(a)(3), substituted "corporation, unless paragraph (3) applies" for "corpo- ration" where first appearing. Subsec. (d)(3). Pub. L. 92-178, § 312(a)(4), added par. (3). Former par. (3) redesignated (4). Subsec. (d)(4). Pub. L. 92-178, § 312(a)(4). redesignat- ed former par. (3) as (4). 1969-Subsec. (b)(1)(B)(ii). Pub. L. 91-172, §§ 211(b)(1), 905(b)(2), substituted "1250(a), 1251(c), or 1252(a)" for "or 1250(a)" and inserted reference to sec- tion 311(a). Subsec. (d)(2)(B). Pub. L. 91-172, §§211(b)(2), 905(b)(2). substituted "1250(a), 1251(c), or 1252(a)", for "or 1250(a)" and inserted reference to section 311(a). 1966-Subsec. (b)(1)(B)(ii). Pub. L. 89-570 included reference to section 617(d)(1). Subsec. (b)(1)(C). Pub. L. 89-809 substituted "gross income which is effectively connected with the con- duct of a trade or business within the United States" for "gross income from sources within the United States" in clause (i), "gross income which is not effec- tively connected with the conduct of a trade or busi- ness within the United States" for "gross income from sources without the United States" in clause (ii), and added material following clause (ii) setting out the treatment to be accorded gross income for any period before the first taxable year beginning after December 31, 1966. Subrec. (d)(2)(B). Pub. L. 89-570 included reference to section 617(d)(1). 1964-Subsec. (b). Pub. L. 88-484 included the amount of the gain recognized under section 341(f). Pub. L. 88-272 inserted reference to section 1250(a). Subsec. (d). Pub. L. 88-484 included the amount of the gain recognized under section 341(f). Pub. L. 88-272 inserted reference to section 1250(a). 1962-Subsec. (b)(1)(B). Pub. L. 87-834, § 13(f)(2), substituted "subsection (b) or (c) of section 311 or under section 1245(a)" for "subsection (b) or (c) of sec- tion 311". Subsec. (b)(1)(C). Pub. L. 87-834, § 5(a), added subsec. (b)(1)(C). Subsec. (d)(2). Pub. L. 87-834, § 13(f)(2), substituted "subsection (b) or (c) of section 311 or under section 1245(a)" for "subsection (b) or (c) of section 311". Subsec. (d)(3). Pub, L. 87-834, § 5(b). added subsec. (d)(3). Subsec. (f). Pub. L. 87-403 added subsec. (f). Former subsec. (fM redesignated (g). Subsec. (g). Pub. L. 87-403 redesignated former subsec. (M) as (g). EFFECTIVE DATE OF 1976 AMENDMENT Amendment of subsecs. (b)(1)(B)(ii), (d)(2)(B) by section 205(c)(1)(B), (C) of Pub. L. 94-455 effective for taxable years ending after Dec. 31, 1975, see section 205(e) of Pub. L. 94-455, set out as an Effective Date note under section 1254 of this title. Amendment of subsecs. (c), (f), (g) by section 1901 (a)(41). (b)(32)(A) of Pub. L. 94-455 effective for tax- able years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455. set out as an Effective Date of 1976 Amendment note under section 2 of this title. EFFECTIvE DATE OF 1971 AMENDMENT Section 412(b) of Pub. L. 92-178 provided that: "The amendments made by subsection (a) [to this section] shall apply with respect to distributions made after November 8, 1971." EFFECTIVE D/TE OF 1969 AMENDMENT Amendment of sub.cecs. (b) and (d) by section 211(b) (1), (2) of Pub. L. 91-172 applicable to taxable years beginning after Dec. 31, 1969, see section 211(c) of Pub. L. 91-172, set o it as an Effective Date note under section 1251 of this itle. , Amendment of iubsecs. (b) and (d) by section 905(b)(2) of Pub. L 91-172 effective with respect to distributions made after Nov. 30, 1969, see section 905(c) of Pub. L. 91-172, set out as an Effective Date of 1969 Amendment note under section 311 of this title. EFFECTIVE DATE OF 1966 AMENDMENT Amendment by Pub. L. 89-809 applicable with re- spect to taxable years beginning after Dec. 31, 1966, see section 104(n) of Pub. L. 89-809, set out as an Ef- fective Date of 1966 Amendment note under section 11 of this title. Amendment by Pub. L. 89-570 applicable to taxable years ending after Sept. 12, 1966, but only in respect of expenditures paid or incurred after such date, see section 3 of Pub. L. 89-570, set out as an Effective Date note under section 617 of this title. EFFECTIVE DATE OF 1964 AMENDMENT Amendment by Pub. L. 88-484 applicable with re- spect to transactions after Aug. 22, 1964, in taxable years ending after such date, see section 2 of Pub. L. 88-484, set out as an Effective Date of 1964 Amend- ment note under section 341 of this title. Amendment by Pub. L. 88-272 applicable to dispobi- tions after Dec. 31, 1963, in taxable years ending after such date, see section 231(c) of Pub. L. 88-272, set out as an Effective Date note under section 1250 of this title. EFFECTIVE DATE OF 1962 AMENDMENT Amendment of subsecs. (b)(1)(B), (d)(2) of this sec- tion by Pub. L. 87-834 applicable to taxable years be- ginning after Dec. 31, 1962, see section 13(g) of Pub. L. 87-834, set out as an Effective Date note under section 1245 of this title. Section 5(d) of Pub. L. 87-834 provided that: "The amendments made by this section [adding subsecs. (b)(1)(C) and (d)(3) of this section and amending sec- tion 245 of this title) shall apply to distributions made after December 31, 1962." Section 2(b) of Pub. L. 87-403 provided that: "The amendments made by ths section [to subsecs. (f) and (g) of this section] shall apply only with respect to dis- tributions made after the date of the enactment of this Act [Feb. 2, 1962]." CROSS REFERENCES Collapsible corporations, treatment of gain to share- holders, see section 341 of this title. Controlled corporations, additional consideration re- ceived in distribution of stock and securities, see sec- tion 356 of this title. Disposition of "section 306 stock" as a redemption, see section 306 of this title. Dividend, definition of, see section 316. Gain or loss on disposition of property, generally, see section 1001 et seq. of this title. Non-application of section to distributions of proper- ty in corporate liquidation, see section 331 of this title. Stock and stock rights, see section 305 of this title. Page 231 § 301