Federal (United States) · Session law
Pub. L. 85-866 — To amend the Internal Revenue Code of 1954 to correct unintended benefits and hardships and to make technical amendments, and for other purposes.
109 sections
109 sections
- Pub. L. 85-866, tit. I, sec. 1SHORT TITLE, ETC.Enacted
- Pub. L. 85-866, tit. I, sec. 2DEALERS IN TAX-EXEMPT SECURITIES.Enacted
- Pub. L. 85-866, tit. I, sec. 3STATUTORY SUBSISTENCE ALLOWANCE RECEIVED BY POLICE.Enacted
- Pub. L. 85-866, tit. I, sec. 4DEFINITION OF DEPENDENT.Enacted
- Pub. L. 85-866, tit. I, sec. 5IMPROPER PAYMENTS TO OFFICIALS OF FOREIGN COUNTRIES.Enacted
- Pub. L. 85-866, tit. I, sec. 6PAYMENTS FOR MUNICIPAL SERVICES IN ATOMIC ENERGY COMMUNITIES.Enacted
- Pub. L. 85-866, tit. I, sec. 7WORTHLESS SECURITIES IN AFFILIATED CORPORATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 8NONBUSINESS BAD DEBTS.Enacted
- Pub. L. 85-866, tit. I, sec. 9FACILITIES FOR PRIMARY PROCESSING OF URANIUM ORE OR URANIUM CONCENTRATE.Enacted
- Pub. L. 85-866, tit. I, sec. 10UNLIMITED DEDUCTION FOR CHARITABLE CONTRIBUTIONS BY INDIVIDUALS.Enacted
- Pub. L. 85-866, tit. I, sec. 11CHARITABLE CONTRIBUTION CARRYOVER FOR CORPORATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 12LIMITATIONS ON CHARITABLE CONTRIBUTION DEDUCTION.Enacted
- Pub. L. 85-866, tit. I, sec. 13AMORTIZABLE BOND PREMIUM.Enacted
- Pub. L. 85-866, tit. I, sec. 14NET OPERATING LOSS DEDUCTION.Enacted
- Pub. L. 85-866, tit. I, sec. 15IMPROVEMENTS ON LEASED PROPERTY.Enacted
- Pub. L. 85-866, tit. I, sec. 16MEDICAL, DENTAL, ETC., EXPENSES IN CASE OF DECEDENTS.Enacted
- Pub. L. 85-866, tit. I, sec. 17INCREASE IN LIMITATION ON MEDICAL DEDUCTION FOR A TAXPAYER OR HIS SPOUSE WHO HAS ATTAINED AGE 65 AND IS DISABLED.Enacted
- Pub. L. 85-866, tit. I, sec. 18DEDUCTIONS BY CORPORATIONS FOR DIVIDENDS RECEIVED.Enacted
- Pub. L. 85-866, tit. I, sec. 19GAIN OR LOSS ON SALES OR EXCHANGES IN CONNECTION WITH CERTAIN LIQUIDATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 20COLLAPSIBLE CORPORATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 21PROPERTY RECEIVED IN CERTAIN CORPORATE ORGANIZATIONS AND REORGANIZATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 22CERTAIN ACQUISITIONS OF STOCK.Enacted
- Pub. L. 85-866, tit. I, sec. 23TAXATION OF EMPLOYEE ANNUITIES.Enacted
- Pub. L. 85-866, tit. I, sec. 24CONTRIBUTIONS OF EMPLOYER TO EMPLOYEES’ TRUST OR ANNUITY PLAN.Enacted
- Pub. L. 85-866, tit. I, sec. 25EMPLOYEE STOCK OPTIONS GRANTED BY PARENT OR SUBSIDIARY CORPORATION.Enacted
- Pub. L. 85-866, tit. I, sec. 26VARIABLE PRICE RESTRICTED STOCK OPTIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 27TRANSFERS OF INSTALLMENT OBLIGATIONS TO CONTROLLED INSURANCE COMPANIES.Enacted
- Pub. L. 85-866, tit. I, sec. 28PREPAID INCOME FROM NEWSPAPER AND PERIODICAL SUBSCRIPTIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 29ADJUSTMENTS REQUIRED BY CHANGES IN METHOD OF ACCOUNTING.Enacted
- Pub. L. 85-866, tit. I, sec. 30DENIAL OF EXEMPTION TO ORGANIZATIONS ENGAGED IN PROHIBITED TRANSACTIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 31CORPORATIONS IMPROPERLY ACCUMULATING SURPLUS.Enacted
- Pub. L. 85-866, tit. I, sec. 32UNDISTRIBUTED PERSONAL HOLDING COMPANY INCOME.Enacted
- Pub. L. 85-866, tit. I, sec. 33FOREIGN PERSONAL HOLDING COMPANIES.Enacted
- Pub. L. 85-866, tit. I, sec. 34BOND, ETC, LOSSES OF BANKS.Enacted
- Pub. L. 85-866, tit. I, sec. 35DEPLETION ALLOWANCE IN CASE OF ESTATES.Enacted
- Pub. L. 85-866, tit. I, sec. 36PERCENTAGE DEPLETION RATES FOR CERTAIN TAXABLE YEARS ENDING IN 1954.Enacted
- Pub. L. 85-866, tit. I, sec. 37DEFINITION OF PROPERTY FOR PURPOSES OF THE DEPLETION ALLOWANCE.Enacted
- Pub. L. 85-866, tit. I, sec. 38INVESTMENT COMPANIES FURNISHING CAPITAL TO DEVELOPMENT CORPORATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 39TRANSACTIONS IN REGULATED INVESTMENT COMPANY SHARES AROUND TIME OF DISTRIBUTING CAPITAL GAIN DIVIDENDS.Enacted
- Pub. L. 85-866, tit. I, sec. 40TAX ON NONRESIDENT ALIENS.Enacted
- Pub. L. 85-866, tit. I, sec. 41CREDITS FOR DIVIDENDS RECEIVED AND FOR PARTIALLY TAX-EXEMPT INTEREST IN CASE OF NONRESIDENT ALIENS.Enacted
- Pub. L. 85-866, tit. I, sec. 42CARRYBACK AND CARRYOVER OF FOREIGN TAX CREDIT.Enacted
- Pub. L. 85-866, tit. I, sec. 43BASIS OF PROPERTY ACQUIRED BY GIFT.Enacted
- Pub. L. 85-866, tit. I, sec. 44PROPERTY ACQUIRED IN TAX-FREE EXCHANGE.Enacted
- Pub. L. 85-866, tit. I, sec. 45INVOLUNTARY CONVERSIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 46CONDEMNATION OF REAL PROPERTY HELD FOR PRODUCTIVE USE IN TRADE OR BUSINESS OR FOR INVESTMENT.Enacted
- Pub. L. 85-866, tit. I, sec. 47PROPERTY ACQUIRED BEFORE MARCH 1, 1913.Enacted
- Pub. L. 85-866, tit. I, sec. 48POSTPONEMENT OF GAIN FROM SALE OR EXCHANGE TO EFFECTUATE FEDERAL COMMUNICATIONS COMMISSION POLICIES.Enacted
- Pub. L. 85-866, tit. I, sec. 49CASUALTY LOSSES SUSTAINED UPON CERTAIN UNINSURED PROPERTY.Enacted
- Pub. L. 85-866, tit. I, sec. 50BONDS ISSUED AT DISCOUNT.Enacted
- Pub. L. 85-866, tit. I, sec. 51BONDS WITH COUPONS DETACHED.Enacted
- Pub. L. 85-866, tit. I, sec. 52SHORT SALES.Enacted
- Pub. L. 85-866, tit. I, sec. 53OPTIONS TO BUY OR SELL.Enacted
- Pub. L. 85-866, tit. I, sec. 54SALE OR EXCHANGE OF PATENTS.Enacted
- Pub. L. 85-866, tit. I, sec. 55REAL PROPERTY SUBDIVIDED FOR SALE.Enacted
- Pub. L. 85-866, tit. I, sec. 56GAIN FROM SALE OF CERTAIN PROPERTY BETWEEN SPOUSES, ETC.Enacted
- Pub. L. 85-866, tit. I, sec. 57SMALL BUSINESS INVESTMENT COMPANIES.Enacted
- Pub. L. 85-866, tit. I, sec. 58AMOUNTS RECEIVED AS DAMAGES FOR INJURIES UNDER THE ANTITRUST LAWS.Enacted
- Pub. L. 85-866, tit. I, sec. 59MITIGATION OF EFFECT OF LIMITATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 60COMPUTATION OF TAX WHERE TAXPAYER RESTORES SUBSTANTIAL AMOUNT HELD UNDER CLAIM OF RIGHT.Enacted
- Pub. L. 85-866, tit. I, sec. 61CLAIMS AGAINST UNITED STATES INVOLVING ACQUISITIONS OF PROPERTY.Enacted
- Pub. L. 85-866, tit. I, sec. 62MITIGATION OF EFFECT OF PRICE REDETERMINATIONS OF SUBCONTRACTS SUBJECT TO RENEGOTIATION.Enacted
- Pub. L. 85-866, tit. I, sec. 63REVOCATION OF ELECTION PERMITTING CERTAIN PROPRIETORSHIPS AND PARTNERSHIPS TO BE TAXED AS CORPORATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 64ELECTION OF CERTAIN SMALL BUSINESS CORPORATIONS.Enacted
- Pub. L. 85-866, tit. I, sec. 65PERIOD OF LIMITATION FOR FILING CLAIM FOR CREDIT FOR STATE DEATH TAXES.Enacted
- Pub. L. 85-866, tit. I, sec. 66ESTATE TAX IN CASE OF REVERSIONARY OR REMAINDER INTEREST IN PROPERTY.Enacted
- Pub. L. 85-866, tit. I, sec. 67RETIREMENT ANNUITIES EXCLUDED FROM GROSS ESTATE.Enacted
- Pub. L. 85-866, tit. I, sec. 68GIFT TAX NOT TO APPLY TO ELECTION OF SURVIVOR BENEFITS UNDER CERTAIN QUALIFIED PLANS.Enacted
- Pub. L. 85-866, tit. I, sec. 69OASI COVERAGE FOR EMPLOYEES OF FOREIGN SUBSIDIARIES.Enacted
- Pub. L. 85-866, tit. I, sec. 70FEDERAL SERVICE.Enacted
- Pub. L. 85-866, tit. I, sec. 71ACTS TO BE PERFORMED BY AGENTS.Enacted
- Pub. L. 85-866, tit. I, sec. 72PERSONS REQUIRED TO MAKE RETURNS.Enacted
- Pub. L. 85-866, tit. I, sec. 73ELECTION TO MAKE JOINT RETURN AFTER FILING SEPARATE RETURN.Enacted
- Pub. L. 85-866, tit. I, sec. 74RETURNS TREATED AS DECLARATIONS OF ESTIMATED TAX BY INDIVIDUALS.Enacted
- Pub. L. 85-866, tit. I, sec. 75PUBLICITY OF EXEMPT ORGANIZATION INFORMATION.Enacted
- Pub. L. 85-866, tit. I, sec. 76ADDRESS FOR NOTICE OF DEFICIENCY.Enacted
- Pub. L. 85-866, tit. I, sec. 77RELEASE OF LIEN OR PARTIAL DISCHARGE OF PROPERTY.Enacted
- Pub. L. 85-866, tit. I, sec. 78CORRECTION OF REFERENCES TO UNITED STATES ATTORNEYS.Enacted
- Pub. L. 85-866, tit. I, sec. 79CONVEYANCE OF TITLE.Enacted
- Pub. L. 85-866, tit. I, sec. 80REQUEST FOR PROMPT ASSESSMENT.Enacted
- Pub. L. 85-866, tit. I, sec. 81LIMITATIONS ON ASSESSMENT AND COLLECTION.Enacted
- Pub. L. 85-866, tit. I, sec. 82LIMITATIONS ON CREDIT OR REFUND.Enacted
- Pub. L. 85-866, tit. I, sec. 83CORRELATION OF INTEREST WHERE OVERPAYMENT OF TAX IS CREDITED AGAINST UNDERPAYMENT OF TAX.Enacted
- Pub. L. 85-866, tit. I, sec. 84INTEREST ON UNDERPAYMENTS.Enacted
- Pub. L. 85-866, tit. I, sec. 85FAILURE TO FILE CERTAIN INFORMATION RETURNS.Enacted
- Pub. L. 85-866, tit. I, sec. 86DEFINITION OF UNDERPAYMENT.Enacted
- Pub. L. 85-866, tit. I, sec. 87TERMINATION OF TAXABLE YEAR IN CASE OF DEPARTING ALIENS.Enacted
- Pub. L. 85-866, tit. I, sec. 88BANKRUPTCY AND RECEIVERSHIP PROCEEDINGS.Enacted
- Pub. L. 85-866, tit. I, sec. 89USE OF CERTIFIED MAIL.Enacted
- Pub. L. 85-866, tit. I, sec. 90REPRODUCTION OF RETURNS AND OTHER DOCUMENTS.Enacted
- Pub. L. 85-866, tit. I, sec. 91SEALS FOR OFFICES OF TREASURY DEPARTMENT.Enacted
- Pub. L. 85-866, tit. I, sec. 92INCOME TAXES PAID UNDER CONTRACT.Enacted
- Pub. L. 85-866, tit. I, sec. 93BEQUESTS, ETC, TO SURVIVING SPOUSE.Enacted
- Pub. L. 85-866, tit. I, sec. 94CHANGE FROM RETIREMENT TO STRAIGHT LINE METHOD OF COMPUTING DEPRECIATION IN CERTAIN CASES.Enacted
- Pub. L. 85-866, tit. I, sec. 95AMENDMENTS TO 1954 CODE WITH RESPECT TO PROPERTY ACQUIRED FROM RETIREMENT METHOD CORPORATION.Enacted
- Pub. L. 85-866, tit. I, sec. 96EXTENSION OF TIME FOR FILING CLAIMS FOR REFUNDS OF OVERPAYMENTS OF INCOME TAX BASED UPON EDUCATION EXPENSES PAID OR INCURRED IN 1954.Enacted
- Pub. L. 85-866, tit. I, sec. 97DEDUCTIBILITY OF ACCRUED VACATION PAY.Enacted
- Pub. L. 85-866, tit. I, sec. 98EXTENSION OF TIME FOR MAKING REFUND OF OVERPAYMENTS OF INCOME TAX RESULTING FROM ERRONEOUS INCLUSION OF CERTAIN COMPENSATION FOR INJURIES OR SICKNESS.Enacted
- Pub. L. 85-866, tit. I, sec. 99AMOUNTS RECEIVED BY CERTAIN MOTOR CARRIERS IN SETTLEMENT OF CLAIMS AGAINST THE UNITED STATES.Enacted
- Pub. L. 85-866, tit. I, sec. 100REASONABLE CAUSE FOR FAILURE TO FILE RETURN.Enacted