26-U.S.C.-242

[§242 – Repealed. Pub. L. 94-455, Title Xix, §1901(A)(33), Oct. 4, 1976, 90 Stat. 1769]

Pathway

Title 26 > Subtitle A > Chapter 1 > Subchapter B > Part VIII > Section 242

Details

• Reference: Section 242
• Legend: [§242 – Repealed. Pub. L. 94-455, Title Xix, §1901(A)(33), Oct. 4, 1976, 90 Stat. 1769]
• USCode Year: 2013

Provision Content

Section, acts Aug. 16, 1954, ch. 736, 68A Stat. 72; Feb. 26, 1964, Pub. L. 88–272, title I, §123(c), 78 Stat. 30, allowed to corporations as a deduction the amount received as interest on obligations of the United States or on obligations of corporations organized under Acts of Congress which are instrumentalities of the United States under certain conditions.

Effective Date of Repeal

Repeal effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94–455, set out as an Effective Date of 1976 Amendment note under section 2 of this title.

U.S. Encyclopedia of Law Coverage

26-U.S.C.-217 in the Legal Encyclopedia: Income Taxes

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26-U.S.C.-198 in the Legal Encyclopedia: Tax Liability

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26-U.S.C.-213 in the Legal Encyclopedia: Taxation

In this entry about 26-U.S.C.-213, find legal reference material, bibliographies and premiere content related to taxation in the American Encyclopedia of Law, presenting a comprehensive view of the United States taxation-specific issues, written by authorities in the field.

26-U.S.C.-198A in the Legal Encyclopedia: Liability

In this entry about 26-U.S.C.-198A, find legal reference material, bibliographies and premiere content related to liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States liability-specific issues, written by authorities in the field.

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