Sec. 1382. Taxable income of cooperatives

TITLE 26, Subtitle A, CHAPTER 1, Subchapter T, PART I, Sec. 1382

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(Added Pub. L. 87-834, Sec. 17(a), Oct. 16, 1962, 76 Stat. 1046; amended Pub. L. 89-809, title II, Sec. 211(a)(1)-(4), Nov. 13, 1966, 80 Stat. 1580, 1581; Pub. L. 91-172, title IX, Sec. 911(a), Dec. 30, 1969, 83 Stat. 722; Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 95-345, Sec. 3, Aug. 15, 1978, 92 Stat. 483.)


  1978 - Subsec. (g). Pub. L. 95-345 added subsec. (g).
  1976 - Pub. L. 94-455 struck out ''or his delegate'' after
''Secretary'' wherever appearing.
  1969 - Subsec. (b)(3). Pub. L. 91-172 expanded the category of
per-unit retain allocations that may not be taken into account in
determining the taxable income of an organization, by including
per-unit retain allocations paid for in money or other property
(except nonqualified per-unit retain certificates as defined in
section 1388(i) of this section).
  1966 - Subsec. (a). Pub. L. 89-809, Sec. 211(a)(1), inserted
reference to amounts paid to patrons as a per-unit retain
allocation as defined in section 1388(f).
  Subsec. (b). Pub. L. 89-809, Sec. 211(a)(2), inserted ''and
per-unit retain allocations'' in heading, added pars. (3) and (4),
and, in text following par. (4), inserted provisions making
existing text applicable only to amounts described in pars. (1) and
(2) and inserted text covering the treatment of amounts described
in pars. (3) and (4).
  Subsec. (e). Pub. L. 89-809, Sec. 211(a)(3), inserted provision
that the marketing of products shall be treated as occurring during
any of the taxable years in which the pool is open.
  Subsec. (f). Pub. L. 89-809, Sec. 211(a)(4), substituted
''paragraphs (1) and (2) of subsection (b)'' for ''subsection


  Section 911(c) of Pub. L. 91-172 provided that: ''The amendments
made by this section (amending this section and section 1388 of
this title) shall apply to per-unit retain allocations made after
October 9, 1969.''


  Section 211(e) of Pub. L. 89-809 provided that:
  ''(1) The amendments made by subsections (a), (b), and (c)
(amending this section and sections 1383, 1385, and 1388 of this
title) shall apply to per-unit retain allocations made during
taxable years of an organization described in section 1381(a)
(relating to organizations to which part I of subchapter T of
chapter 1 applies) beginning after April 30, 1966, with respect to
products delivered during such years.
  ''(2) The amendments made by subsection (d) (amending section
6044 of this title) shall apply with respect to calendar years
after 1966.''


  Section applicable, except as otherwise provided, to taxable
years of organizations described in section 1381(a) of this title
beginning after Dec. 31, 1962, see section 17(c) of Pub. L. 87-834,
set out as a note under section 1381 of this title.

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