US Code

Public Law 119-73 (01/23/2026)

26 U.S.C. § 860A

Taxation of REMIC’s

(a)

General rule

Except as otherwise provided in this part, a REMIC shall not be subject to taxation under this subtitle (and shall not be treated as a corporation, partnership, or trust for purposes of this subtitle).

(b)

Income taxable to holders

The income of any REMIC shall be taxable to the holders of interests in such REMIC as provided in this part.

Pub. L. 99–514, title VI, § 671(a)100 Stat. 2309Pub. L. 100–647, title I, § 1006(t)(20)102 Stat. 3426(Added , , ; amended , , .)

Editorial Notes

Amendments

Pub. L. 100–6471988—Subsec. (a). substituted “this subtitle” for “this chapter” in two places.

Statutory Notes and Related Subsidiaries

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

Pub. L. 99–514, title VI, § 675(a)100 Stat. 2320Pub. L. 100–647, title I, § 1006(w)(1)102 Stat. 3427

“(a)

General Rule .—

Pub. L. 99–514Except as otherwise provided in this section, the amendments made by this subtitle [subtitle H (§§ 671–675) of title VI of , enacting this part and amending sections 582, 593, 856, 1272, 6049, and 7701 of this title] shall take effect on .
“(b)

Rules for Accruing Original Issue Discount .—

section 1272 of this titleThe amendment made by section 672 [amending ] shall apply to debt instruments issued after , in taxable years ending after such date.
“(c)

Treatment of Taxable Mortgage Pools.—

“(1)

In general .—

section 7701 of this titleThe amendment made by section 673 [amending ] shall take effect on .
“(2)

Treatment of existing entities .—

The amendment made by section 673 shall not apply to any entity in existence on . The preceding sentence shall cease to apply with respect to any entity as of the 1st day after , on which there is a substantial transfer of cash or other property to such entity.
“(3)

Special rule for coordination with wash-sale rules .—

Notwithstanding paragraphs (1) and (2), for purposes of applying section 860F(d) of the Internal Revenue Code of 1986 (as added by this part [this subtitle]), the amendment made by section 673 shall apply to taxable years beginning after .”
–(c), , , as amended by , , , provided that:

Pub. L. 99–514Study of Amendments by

Pub. L. 99–514, title VI, § 675(d)Pub. L. 100–647, title I, § 1006(w)(2)102 Stat. 3427Pub. L. 101–508, title XI, § 11832(5)104 Stat. 1388–559, as added by , , , directed Secretary of the Treasury to conduct a study of the operation of the amendments made by this part [this subtitle] and their competitive impact on savings and loan institutions and similar financial institutions and, not later than , report to Congress, prior to repeal by , , .