26-U.S.C.-273

§273 – Holders of Life Or Terminable Interest

Pathway

Title 26 > Subtitle A > Chapter 1 > Subchapter B > Part IX > Section 273

Details

• Reference: Section 273
• Legend: §273 – Holders of Life Or Terminable Interest
• USCode Year: 2013

Provision Content

Amounts paid under the laws of a State, the District of Columbia, a possession of the United States, or a foreign country as income to the holder of a life or terminable interest acquired by gift, bequest, or inheritance shall not be reduced or diminished by any deduction for shrinkage (by whatever name called) in the value of such interest due to the lapse of time.

(Aug. 16, 1954, ch. 736, 68A Stat. 83; Pub. L. 94–455, title XIX, §1901(c)(2), Oct. 4, 1976, 90 Stat. 1803.)

Amendments

1976—Pub. L. 94–455 struck out reference to amounts paid under laws of a Territory.

Effective Date of 1976 Amendment

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

U.S. Encyclopedia of Law Coverage

26-U.S.C.-271 in the Legal Encyclopedia: Income Taxes

In this entry about 26-U.S.C.-271, find legal reference material, bibliographies and premiere content related to income taxes in the American Encyclopedia of Law, presenting a comprehensive view of the United States income taxes-specific issues, written by authorities in the field.

26-U.S.C.-263A in the Legal Encyclopedia: Tax Liability

In this entry about 26-U.S.C.-263A, find legal reference material, bibliographies and premiere content related to tax liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax liability-specific issues, written by authorities in the field.

26-U.S.C.-269 in the Legal Encyclopedia: Taxation

In this entry about 26-U.S.C.-269, 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.-264 in the Legal Encyclopedia: Liability

In this entry about 26-U.S.C.-264, 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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