26 U.S.C. § 703

Editorial Notes

Amendments

Pub. L. 103–661993—Subsec. (b)(1). substituted “subsection (b)(5) or (c)(3)” for “subsection (b)(5)”.

Pub. L. 100–6471988—Subsec. (b)(1). substituted “subsection (b)(5)” for “subsection (b)(5) or (d)(4)”.

Pub. L. 99–5141986—Subsec. (b). struck out former pars. (1) and (3) which related to elections under sections 57(c) and 163(d), respectively, and redesignated former pars. (2), (4), and (5), as pars. (1), (2), and (3), respectively.

Pub. L. 96–5891980—Subsec. (b). inserted reference to section 108(b)(5) and (d)(4).

Pub. L. 95–301977—Subsec. (a)(2). struck out subpar. (A) which made reference to the standard deduction provided in section 141, and redesignated subpars. (B) to (G) as (A) to (F), respectively.

Pub. L. 94–455, § 2115(c)(2)1976—Subsec. (a)(2)(G). , substituted “wells” for “production subject to the provisions of section 613A(c)”.

Pub. L. 94–455, § 1901(b)(21)(F)Subsec. (b). , struck out “under section 615 (relating to pre-1970 exploration expenditures),” after “of the United States, and any election”.

Pub. L. 94–121975—Subsec. (a)(2)(G). added subpar. (G).

Pub. L. 92–1781971—Subsec. (b). substituted “,” for “or” after “(relating to pre-1970 exploration expenditures)” and inserted “under section 57(c) (relating to definition of net lease), or under section 163(d) (relating to limitation on interest on investment indebtedness)” after “(relating to deduction and recapture of certain mining exploration expenditures)”.

Pub. L. 91–1721969—Subsec. (b). substituted “(relating to pre-1970 exploration expenditures) or under section 617 (relating to deduction and recapture of certain mining exploration expenditures)” for “(relating to exploration expenditures) or under section 617 (relating to additional exploration expenditures in the case of domestic mining)”.

Pub. L. 89–5701966—Subsec. (b). provided for election under section 615 (relating to exploration expenditures) or under section 617 (relating to additional exploration expenditures in the case of domestic mining).

Statutory Notes and Related Subsidiaries

Effective Date of 1993 Amendment

Pub. L. 103–66Dec. 31, 1992section 13150(d) of Pub. L. 103–66section 108 of this titleAmendment by applicable to discharges after , in taxable years ending after such date, see , set out as a note under .

Effective Date of 1988 Amendment

Pub. L. 100–647Pub. L. 99–514section 1019(a) of Pub. L. 100–647section 1 of this titleAmendment by effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, , to which such amendment relates, see , set out as a note under .

Effective Date of 1986 Amendment

section 511(d)(2)(B) of Pub. L. 99–514Dec. 31, 1986section 511(e) of Pub. L. 99–514section 163 of this titleAmendment by applicable to taxable years beginning after , see , set out as a note under .

section 701(e)(4)(E) of Pub. L. 99–514Dec. 31, 1986section 701(f) of Pub. L. 99–514section 55 of this titleAmendment by applicable to taxable years beginning after , with certain exceptions and qualifications, see , set out as an Effective Date note under .

Effective Date of 1980 Amendment

Pub. L. 96–589Dec. 31, 1980Dec. 31, 1980Sept. 30, 1979Pub. L. 96–589section 108 of this titleAmendment by applicable to transactions which occur after , other than transactions which occur in a proceeding in a bankruptcy case or similar judicial proceeding or in a proceeding under Title 11 commencing on or after , with an exception permitting the debtor to make the amendment applicable to transactions occurring after ; in a specified manner, see section 7(a)(1), (f) of , set out as a note under .

Effective Date of 1977 Amendment

Pub. L. 95–30Dec. 31, 1976section 106(a) of Pub. L. 95–30section 1 of this titleAmendment by applicable to taxable years beginning after , see , set out as a note under .

Effective Date of 1976 Amendment

section 1901(b)(21)(F) of Pub. L. 94–455Dec. 31, 1976section 1901(d) of Pub. L. 94–455section 2 of this titleAmendment by effective for taxable years beginning after , see , set out as a note under .

section 2115(c)(2) of Pub. L. 94–455Jan. 1, 1975Dec. 31, 1974section 2115(f) of Pub. L. 94–455section 613A of this titleAmendment by effective on and applicable to taxable years ending after , see , set out as a note under .

Effective Date of 1975 Amendment

Pub. L. 94–12Jan. 1, 1975Dec. 31, 1974section 501(c) of Pub. L. 94–12section 613A of this titleAmendment by effective , to apply to taxable years ending after , see , set out as an Effective Date note under .

Effective Date of 1969 Amendment

Pub. L. 91–172Dec. 31, 1969section 504(d)(1) of Pub. L. 91–172section 243 of this titleAmendment by applicable with respect to exploration expenditures paid or incurred after , see , set out as an Effective Date note under .

Effective Date of 1966 Amendment

Pub. L. 89–570Sept. 12, 1966section 3 of Pub. L. 89–570section 617 of this titleAmendment by applicable to taxable years ending after , but only in respect of expenditures paid or incurred after such date, see , set out as an Effective Date note under .

Pub. L. 99–514Applicability of Certain Amendments by in Relation to Treaty Obligations of United States

section 701(e)(4)(E) of Pub. L. 99–514Oct. 22, 1986Pub. L. 100–647Pub. L. 99–514Pub. L. 100–647section 861 of this titleFor applicability of amendment by notwithstanding any treaty obligation of the United States in effect on , with provision that for such purposes any amendment by title I of be treated as if it had been included in the provision of to which such amendment relates, see section 1012(aa)(2), (4) of , set out as a note under .