SEC. 1317. EFFECTIVE DATE. (a) In General.— Except as otherwise provided in this subtitle, the amendments made by this subtitle shall apply to taxable years beginning after December 31, 1996. (b) Treatment of Certain Elections Under Prior Law.— For purposes of section 1362(g) of the Internal Revenue Code of 1986 (relating to election after termination), any termination under section 1362(d) of such Code in a taxable year beginning before January 1, 1997, shall not be taken into account.
Pub. L. 104-188, tit. I, subtit. C, sec. 1317: EFFECTIVE DATE. | Justis AI