PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2091
Subtitle E—Treatment of Foreign Taxpayers Sec. 1241. Branch profits tax. Sec. 1242. Treatment of deferred payments and appreciation arising out of business conducted within the United States. Sec. 1243. Treatment under section 877 of property received in tax-free exchanges, etc. Sec. 1244. Study of United States reinsurance industry. Sec. 1245. Information with respect to certain foreign-owned corporations. Sec. 1246. Withholding tax on amounts paid by partnerships to foreign partners. Sec. 1247. Income of foreign governments. Sec. 1248. Limitation on cost of property imported from related persons. Sec. 1249. Treatment of dual residence corporations. Subtitle F—Foreign Currency Transactions Sec. 1261. Treatment of foreign currency transactions. Subtitle G—Tax Treatment of Possessions PART I—TREATMENT OF GUAM, AMERICAN SAMOA, AND THE NORTHERN MARIANA ISLANDS
Sec. 1271. Authority of Guam, American Samoa, and the Northern Mariana Islands to enact revenue laws. Sec. 1272. Exclusion of possession source income from the gross income of certain individuals. Sec. 1273. Treatment of corporations organized in Guam, American Samoa, or the Northern Mariana Islands. PART II—TREATMENT OF THE VIRGIN ISLANDS
Sec. 1274. Coordination of United States and Virgin Islands income taxes. Sec. 1275. Virgin Islands corporations allowed possession tax credit. PART III—COVER OVER OF INCOME TAXES
Sec. 1276. Cover over of income taxes. PART IV—EFFECTIVE DATE
Sec. 1277. Effective date. TITLE XIII—TAX-EXEMPT BONDS Subtitle A—Amendments of Internal Revenue Code of 1954 Sec. 1301. State and local bonds. Sec. 1302. Repeal of provisions relating to general stock ownership corporations. Sec. Sec. Sec. Sec. Sec. Sec.
1311. 1312. 1313. 1314. 1315. 1316.
Sec. 1317. Sec. 1318. Sec. 1319.
Subtitle B—Effective Dates and Transitional Rules General effective dates.
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Transitional rules for construction or binding agreements, etc. Transitional rules relating to refundings. Special rules for certain bonds issued before August 16, 1986. Transitional rules relating to volume cap. Provisions relating to bonds provided special rules under prior revenue acts. Other transitional rules. Transitional rules for specific facilities. Definitions, etc., relating to effective dates and transitional rules.
TITLE XIV—TRUSTS AND ESTATES; UNEARNED INCOME OF CERTAIN MINOR CHILDREN; GIFT AND ESTATE TAXES; GENERATION-SKIPPING TRANSFER TAX Sec. Sec. Sec. Sec.
1401. 1402. 1403. 1404.
Subtitle A—Income Taxation of Trusts and Estates Grantor treated as holding any power or interest of grantor's spouse. Limitations to reversionary interest rule exceptions. Taxable year of trusts to be calendar year. Trusts and certain estates to make estimated payments of income taxes.
Subtitle B—Unearned Income of Certain Minor Children Sec. 1411. Unearned income of certain minor children.
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