Pub. L. 104-188, tit. I, subtit. D, ch. 4, sec. 1453

TAX ON PROHIBITED TRANSACTIONS.

EnactedYear: 1996Length: 45 wordsOfficial source
SEC. 1453. TAX ON PROHIBITED TRANSACTIONS. (a) In General.— Section 4975(a) is amended by striking “5 percent” and inserting “10 percent”. (b) Effective Date.— The amendment made by this section shall apply to prohibited transactions occurring after the date of the enactment of this Act.
Pub. L. 104-188, tit. I, subtit. D, ch. 4, sec. 1453: TAX ON PROHIBITED TRANSACTIONS. | Justis AI