25-U.S.C.-699

§699 – Taxes; Initial Exemption; Taxes Following Distribution; Valuation For Capital Gains Or Losses

Pathway

Title 25 > Chapter 14 > Subchapter XXX > Section 699

Details

• Reference: Section 699
• Legend: §699 – Taxes; Initial Exemption; Taxes Following Distribution; Valuation For Capital Gains Or Losses
• USCode Year: 2013

Provision Content

No property distributed under the provisions of this subchapter shall at the time of distribution be subject to Federal or State income tax. Following any distribution of property made under the provisions of this subchapter, such property and any income derived therefrom by the individual, corporation, or other legal entity shall be subject to the same taxes, State and Federal, as in the case of non-Indians: Provided, That for the purpose of capital gains or losses the base value of the property shall be the value of the property when distributed to the individual, corporation, or other legal entity.

(Aug. 13, 1954, ch. 733, §9, 68 Stat. 726.)

U.S. Encyclopedia of Law Coverage

25-U.S.C.-715G in the Legal Encyclopedia: Indians

In this entry about 25-U.S.C.-715G, find legal reference material, bibliographies and premiere content related to indians in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians-specific issues, written by authorities in the field.

25-U.S.C.-713E in the Legal Encyclopedia: Oregon

In this entry about 25-U.S.C.-713E, find legal reference material, bibliographies and premiere content related to oregon in the American Encyclopedia of Law, presenting a comprehensive view of the United States oregon-specific issues, written by authorities in the field.

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