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TITLE 26-INTERNAL REVENUE CODE 1960-Subsec. (b). Pub. L. 86-564 substituted "July 1, 1961" for "July 1, 1960" and "June 30, 1961" for "June 30, 1960" wherever appearing. Subsec. (d)(3). Pub. L. 86-779 inserted "and real estate investment trusts" following "regulated invest- ment companies". 1959-Subsee. (b). Pub. L. 86-75 substituted "July 1, 1960" for "July 1, 1959" and "June 30, 1960" for "June 30, 1959" wherever appearing. 1958-Subsec. (b). Pub. L. 85-475 substituted "July 1, 1959" for "July 1, 1958" and "June 30, 1959" for "June 30, 1958" wherever appearing. 1957-Subsec. (b). Pub. L. 85-12 substituted "July 1, 1958" for "April 1. 1957" and "June 30, 1958" for "March 31, 1957" wherever appearing. 1956-Subsee. (b). Act Mar. 29, 1956, substituted "April 1, 1957" for "April 1, 1956" and "March 31, 1957" for "March 31, 1956" wherever appearing. 1955-Subsec. (b). Act Mar. 30, 1955, substituted "April 1, 1956" for "April 1, 1955" and "March 31, 1956" for "March 31, 1955" wherever appearing. EFFECTIVE DATE OF 1976 AMENDMENT Section 901(d) of Pub. L. 94-455 provided that: "The amendment made by subsection (a) [amending sub- sees. (a) to (d) of this section] shall take effect on De- cember 23, 1975. The amendments made by subsection (b) [amending section 821(a)(1), (c)(1)(4) of this title] shall apply to taxable years ending after December 31, 1974. The amendments made by subsection (c) (amending sections 21(f) and 1561(a) of this title and repealing section 6154(h) of this title] shall apply to taxable years ending after December 31, 1975." EFFECTIVE AND TERMINATION DATES OF 1975 AMENDMENT Section 4(e) of Pub. L. 94-164 provided that: "The amendments made by subsections (b), (c), and (d) [amending subsecs. (c) and d) of this section and sec- tions 21, 962, and 1561 of this title] apply to taxable years beginning after December 31, 1975. The amend- ment made by subsection (c) [amending subsec. (d) of this section] ceases to apply for taxable years begin- ning after December 31, 1976." Section 305(b)(1) of Pub. L. 94-12 provided that: "the amendments made by section 303 [amending sec- tions 11(b), (d), 12(7), 962(c), and 1561(a)(1) of this title and enacting provisions set out as a note under this section] shall apply to taxable years ending after December 31, 1974. The amendments made by subsec- tions (b) and (c) of such section [amending sections 11(d), 12(7), 962(c), and 1561(a)(1) of this title and en- acting provisions set out as a note under this section] shall cease to apply for taxable years ending after De- cember 31, 1975." EFFECTIVE DATE OF 1969 AMENDMENT Amendment of subsec. (d) by Pub. L. 91-172 applica- ble with respect to taxable years beginning after Dec. 31, 1969, see section 401(h)(2) of Pub. L. 91-172, set out as an Effective Date of 1969 Amendment note under section 1561 of this title. EFFECTIVE DATE OF 1966 AMENDMENT Section 104(n) of Pub. L. 89-809 provided that: "The amendments made by this section (other than subsec- tion (k) [adding section 6683 to this title and amend- ing sections 11, 245, 301. 512, 542, 543, 545, 819, 821, 822, 831, 832, 841, 842, 881, 882, 884, 952, 953, 1249, 1442, and 6016 of this title] shall apply with respect to taxable years beginning after December 31, 1966. The amendment made by subsection (k) [amending section 1248(d)(4) of this title] shall apply with respect to sales or exchanges occurring after December 31, 1966." EFFECTIVE DATE OF 1964 AMENDMENT Amendment by Pub. L. 88-272, except for purposes of section 21 of this title, effective with respect to tax- able years beginning after Dec. 31, 1963, see section 131 of Pub. L. 88-272, set out as an Effective Date of 1964 Amendment note under section 1 of this title. EFFECTIVE DATE OF 1960 AMENDMENT Amendment by Pub. L. 86-779 applicable with re- spect to taxable years of real estate investment trusts beginning after Dec. 31, 1960, see section 10(k) of Pub. L. 86-779, set out as an Effective Date note under sec- tion 856 of this title. ALLOCATION OF 1975 TAXABLE INCOME AMONG COMPO- NENT MEMBERS OF CONTROLLED GROUP OF CORPORA- TIONS Section 303(c)(1) of Pub. L. 94-12 provided in part that: "in applying subsection (b)(2) of section 11 Esubsec. (b)(2) of this section], the first $25,000 of tax- able income and the second $25,000 of taxable income shall each be allocated among the component mem- bers of a controlled group of corporations in the same manner as the surtax exemption is allocated." CROSS REFERENCES Computation of taxable income, see section 61 et seq. of this title. Corporate distributions and adjustments, see section 301 et seq. of this title. Deduction for dividends paid, see section 561 et seq. of this title. Definitions- Corporation, see section 7701 of this title. Taxable income, see section 63 of this title. Effect of change of rate of tax, see section 21 of this title. Exempt corporations, see section 501 of this title. Imposition of net income taxes by State on income derived from interstate commerce, see section 381 et seq. of Title 15, Commerce and Trade. Special deductions for corporations, see section 241 et seq. of this title. Tax on- Foreign corporations not engaged in business in United States, see section 881 of this title. Resident foreign corporations as provided in this section, see section 882 of this title. SECTION REFERRED TO IN OTHER SECTIONS This section is referred to In sections 21, 57, 80, 244, 511. 527, 528, 594, 802, 804, 821, 826, 831. 852, 857, 882, 891, 907, 922, 941, 962, 1201, 1351, 1378, 1381, 1551, 1561, 4942, 6154, 6425, 6655 of this title. § 12. Cross references relating to tax on corporations (1) Vor tax on the unrelated business income of certain charitable and other corporations exempt from tax under this chapter, see section 511. (2) For accumulated earnings tax and personal holding company tax, see parts I and 11 of subchapter G (sec. 531 and following). (3) For doubling of tax on corporations of certain for- eign countries, see section 891. (4) For alternative tax in case of capital gains, see sec. tion 1201(a). (5) For rate of withholding in case of foreign corpora- tions, see section 1442. (6) For withholding of tax on tax-free covenant bonds, see section 1451. (7) For limitation on the $25,000 exemption from surtax provided in section 11(c) see section 1551. (8) For minimum tax for tax preferences, see section 56. (Aug. 16, 1954, ch. 736, 68A Stat. 11; Feb. 26, 1964, Pub. L. 88-272, title II, § 234(b)(4), 78 Stat. 115; Dec, 30, 1969, Pub. L. 91-172, title III, § 301(b)(3), 83 Stat. 585; Mar. 29, 1975, Pub. L. 94-12, title III, § 303(c)(2), 89 Stat. 44.) AMENDMENTS 1975-Par. (7). Pub. L. 94-12 substituted "$50,000" for "$25,000" for a limited period. See Effective and 71-999 0 - 78 - 5 (Vol. 7) Page 37