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TITLE 26-INTERNAL REVENUE CODE (Aug. 16, 1954, ch. 736, 68A Stat. 215; Oct. 16, 1962, Pub. L. 87-834, § 13(c)(2)(A), 76 Stat. 1034; Feb. 26, 1964, Pub. L. 88-272, title II, § 201(d)(6) (A), (B), 78 Stat, 32; Oct. 4, 1966, Pub. L. 89-621, § 2(a), 80 Stat. 872; Dec. 30, 1969, Pub. L. 91-172, title II, § 201(b), title VII, § 704(b)(2), 83 Stat. 558, 669; Dec. 10, 1971, Pub. L. 92-178, title III, § 303(c)(4), title VII, §§ 701(b), 702(b), 85 Stat. 522, 561, 562; Oct. 4, 1976, Pub. L. 94-455, title XIV, § 1402(b)(1)(J), title 71XX, §§ 1901(b)(1) (H)(i), 1906(b)(13)(A), 1951(c)(2)(B), title XX, § 2009(d), title XXI, § 2124(a)(3)(B), 90 Stat. 1732, 1791, 1834, 1840, 1896, 1917; Oct. 17, 1976, Pub. L. 94-528, § 1(a), 90 Stat. 2483.) TAXABL2 YEARS APTER 1977 Subsecs. (c)(3), (4) of this section amended by Pub. L. 94-455, title XIV, § 1402(b)(2), Oct. 4, 1976, 90 Stat. 1732, effective for tax- able years beginning after Dec. 31, 1977, by substituting "I year"for "9 months". AmzNDMENTs 1976-Subsec. (a). Pub. L. 94-455, j 1901(b)(1)(H)(i), redesignated former pars. (2) and (3) as (1) and (2), re- spectively. Former par. (1), relating to the credit against tax for partially tax-exempt interest, was struck out. Subsec. (c)(1). Pub. L. 94-455, § 1906(b)(13)(A), struck out "or his delegate" following "Secretary". Subsec. (c)(3), (4). Pub. L. 94-455, § 1402(b)(1)(J), provided that "6 months" would be changed to "9 months" for taxable years beginning in 1977. Subsec. (c)(5). Pub. L. 94-455, § 1906(b)(13)(A), struck out "or his delegate" following "Secretary". Subsec. d). Pub. L. 94-455, § 1906(b)(13)(A), struck out "or his delegate" following "Secretary". Subsec. Cf). Pub. L. 94-455, f§ 1906(b)(13)(A), 1951(c)(2)(B), 2124(a)(3)(B), substituted "sections 169, 184, 187, 188, and 191" for "sections 168, 169, 184, 187, and 188", and struck out "or his delegate" following "Secretary". Subsec. (g). Pub. L. 94-455, §§ 1906(b)(13)(A), 2009(d), added "(or as an offset against the sales price of property in determining gain or loss)" following "shall not be allowed as a deduction", and struck out "or his delegate" following "Secretary". Subsec. h). Pub. L. 94-455, § 1906(b)(13)(A), struck out "or his delegate" following "Secretary". Subsec. CW. Pub. L. 94-528 added subsec. (j). Former subsec. (j) redesignated as k). Subsec. k). Pub. L. 94-528 redesignated former subsec. (j) as (k). 1971-Subsec. (a)(3). Pub. L. 92-178, § 701(b), added par. (3). Subsec. f). Pub. L. 92-178, § 303(c)(4), included ref- erence to section 188. Subsec. i). Pub. L. 92-178, § 702(b), added subsec. Ci). Former subsec. (i) redesignated (j). Subsec. CJ). Pub. L. 92-178, 1702(b), redesignated former subsec. Ci) as CJ). 1969-Subsec. (c). Pub. L. 91-172, § 201(b), designated existing provisions, with minor changes, as par. (1) and added pars. (2) to (6). Subsec. f). Pub. L. 91-172, § 704(b)(2), removed ref- erence to emergency or grain storage facilities both in subsec. catchline and in text, and added reference to sections 184 and 187 in text. 1966-Subsec. (g). Pub. L. 89-621 inserted "or of any other person" after "shall not be allowed as a deduc- tion in computing the taxable income of the estate". 1964-Subsec. (a)(3). Pub. L. 88-272, § 201(d)(6)(A), deleted par. (3) which related to dividends received by individuals. Subsec. (i). Pub. L. 88-272, § 201(d)(6)(B), designated existing provisions as par. (1), and added par. (2). 1962-Subsec. (e). Pub. L. 87-834 substituted a refer- ence to section 167(h) for a reference to section 167(g). EFrscTivE DATE OF 1976 AMENDMEmTs Section 1402(b)(1) of Pub. L. 94-455 provided in part that the substitution of "9 months" for "6 months" in subsec. (c)(3), (4) of this section by section 1402(b)(1)(J) of Pub. L. 94-455 is effective with respect to taxable years beginning in 1977. Amendment of subsec. (a) by section 1901(b)(1)(H)(i) 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 an Effective Date of 1976 Amendment not under section 2 of this title. Amendment of subsec. f) by section 1951(c)(2)(B) of Pub. L. 94-455 effective for taxable years beginning after Dec. 31, 1976, see section 1952(d) of Pub. L. 94- 455, set out as an Effective Date of 1976 Amendment note under section 72 of this title. Section 2009(e)(4) of Pub. L. 94-455 provided that: "The amendment made by subsection (d) [amending subsec. (g) of this section] shall apply to taxable years ending after the date of the enactment of this Act [Oct. 4, 1976]." Amendment of subsec. f) by section 2124(a)(3)(B) of Pub. L. 94-455 applicable with respect to additions to capital account made after June 14, 1976, and before June 15, 1981, see section 2124(a)(4) of Pub. L. 94-455 set out as an Effective Date note under section 191 of this title. Section 1(b) of Pub. L. 94-528 provided that: "The amendments made by subsection (a) [enacting subsec. QJ) of this section] shall take effect on October 1, 1977, and shall apply to amounts distributed during taxable years ending after December 31, 1963." EF EcTxvE DATE OF 1971 AMENDMENT Enactment of subsecs. (a)(3) and (i) of this section by Pub. L. 92-178 applicable to taxable years ending after Dec. 31, 1971, but only with respect to political contributions, payment of which is made after such date, see section 703 of Pub. L. 92-178, set out as an Effective Date note under section 41 of this title. Amendment of subsec. (f) of this section by Pub. L. 92-178 applicable to taxable years ending after Dec. 31, 1971, see section 303(d) of Pub. L. 92-178, set out as an Effective Date note under section 188 of this title. EFEcTivE DATE OF 1969 AMENDMENT Amendment of subsec. Cc) of this section by section 201(b) of Pub. L. 91-172 applicable with respect to amounts paid, permanently set aside, or to be used for a charitable purpose in taxable years beginning after Dec. 31, 1969, except that subsec. (c)(5), as amended, applicable to transfers in trust made after July 31, 1969, see section 201(g) of Pub. L. 91-172, set out as an Effective Date of 1969 Amendment note under section 170 of this title. Amendment of subsec. Cf) by section 704(b)(2) of Pub. L. 91-172 applicable to taxable years ending after Dec. 31, 1968, see section 704(c) of Pub. L. 91-172, set out as an Effective Date note under section 169 of this title. EFc'rvE DATE OF 1966 AMENDMENT Section 2(b) of Pub. L, 89-621 provided that: "The amendment made by subsection Ca) famending subsec. (g) of this section] shall apply to taxable years ending after the date of the enactment of this Act [Oct. 4, 1966], but only with respect to amounts paid or in- curred, and losses sustained, after such date." EFFCTIVE DATE OF 1964 AMENDMENT Section 201(e) of Pub. L. 88-272 provided that: "The amendments made by subsection (a) [to section 34 of this title] shall apply with respect to taxable years ending after December 31. 1963. The amendment made by subsection (b) [repealing section 34 of this title] shall apply with respect to taxable years ending after December 31, 1964. The amendment made by subsection (c) [to section 116(a) of this title] shall apply with respect to taxable years beginning after December 31, 1963. The amendments made by subsec- § 642 Page 461