25-U.S.C.-749

§749 – Taxes; Initial Exemption; Taxes Following Distribution; Valuation For Capital Gains and Losses

Pathway

Title 25 > Chapter 14 > Subchapter XXXII > Section 749

Details

• Reference: Section 749
• Legend: §749 – Taxes; Initial Exemption; Taxes Following Distribution; Valuation For Capital Gains and 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.

(Sept. 1, 1954, ch. 1207, §9, 68 Stat. 1102.)

U.S. Encyclopedia of Law Coverage

25-U.S.C.-744 in the Legal Encyclopedia: Indians

In this entry about 25-U.S.C.-744, 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.-768 in the Legal Encyclopedia: Utah

In this entry about 25-U.S.C.-768, find legal reference material, bibliographies and premiere content related to utah in the American Encyclopedia of Law, presenting a comprehensive view of the United States utah-specific issues, written by authorities in the field.

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