Requirement of reporting
The Commodity Credit Corporation, through the Secretary of Agriculture, shall make a return, according to the forms and regulations prescribed by the Secretary of the Treasury, setting forth any market gain realized by a taxpayer during the taxable year in relation to the repayment of a loan issued by the Commodity Credit Corporation, without regard to the manner in which such loan was repaid.
Statements to be furnished to persons with respect to whom information is required
The Secretary of Agriculture shall furnish to each person whose name is required to be set forth in a return required under subsection (a) a written statement showing the amount of market gain reported in such return.
Pub. L. 110–234, title XV, § 15353(a)122 Stat. 1526Pub. L. 110–246, § 4(a)122 Stat. 1664(Added , , , and , title XV, § 15353(a), , , 2288.)
Editorial Notes
Codification
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246 and enacted identical sections. was repealed by .
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4 of Pub. L. 110–246section 8701 of Title 7Enactment of this section and repeal of by effective , the date of enactment of , except as otherwise provided, see , set out as a note under , Agriculture.
Pub. L. 110–234, title XV, § 15353(c)122 Stat. 1527Pub. L. 110–246, § 4(a)122 Stat. 1664
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246section 8701 of Title 7[ and enacted identical provisions. was repealed by , set out as a note under , Agriculture.]