(Added Pub. L. 87-834, Sec. 17(a), Oct. 16, 1962, 76 Stat. 1049;
amended Pub. L. 89-809, title II, Sec. 211(c), Nov. 13, 1966, 80
Stat. 1582; Pub. L. 91-172, title IX, Sec. 911(b), Dec. 30, 1969,
83 Stat. 722; Pub. L. 94-455, title XIX, Sec. 1901(a)(153), Oct. 4,
1976, 90 Stat. 1789; Pub. L. 95-600, title III, Sec. 316(b)(3),
Nov. 6, 1978, 92 Stat. 2830; Pub. L. 99-272, title XIII, Sec.
13210(a), Apr. 7, 1986, 100 Stat. 323; Pub. L. 101-508, title XI,
Sec. 11813(b)(24), Nov. 5, 1990, 104 Stat. 1388-555.)
1990 - Subsec. (k). Pub. L. 101-508 struck out subsec. (k) which cross-referenced section 46(h) for provisions relating to apportionment of investment credit between cooperative organizations and their patrons. 1986 - Subsecs. (j), (k). Pub. L. 99-272 added subsec. (j) and redesignated former subsec. (j) as (k). 1978 - Subsec. (j). Pub. L. 95-600 added subsec. (j). 1976 - Subsec. (c)(2)(B)(i). Pub. L. 94-455, Sec. 1901 (a)(153)(A), substituted ''October 16, 1962'' for ''the date of the enactment of the Revenue Act of 1962''. Subsec. (h)(2)(B)(i). Pub. L. 94-455, Sec. 1901(a)(153)(B), substituted ''November 13, 1966'' for ''the date of the enactment of this subsection''. 1969 - Subsec. (f). Pub. L. 91-172 struck out reference to allocations made by organizations other than by payment of money or other property except per-unit retain certificates. 1966 - Subsec. (e). Pub. L. 89-809, Sec. 211(c)(1), inserted references to per-unit retain certificates. Subsecs. (f) to (i). Pub. L. 89-809, Sec. 211(c)(2), added subsecs. (f) to (i).
Amendment by Pub. L. 101-508 applicable to property placed in service after Dec. 31, 1990, but not applicable to any transition property (as defined in section 49(e) of this title), any property with respect to which qualified progress expenditures were previously taken into account under section 46(d) of this title, and any property described in section 46(b)(2)(C) of this title, as such sections were in effect on Nov. 4, 1990, see section 11813(c) of Pub. L. 101-508, set out as a note under section 29 of this title.
Section 13210(c) of Pub. L. 99-272 provided that: ''(1) In general. - Except as provided in paragraph (2), the amendments made by this section (amending sections 521 and 1388 of this title) shall apply to taxable years beginning after December 31, 1962. ''(2) Notification requirement. - The provisions of section 1388(j)(3) of the Internal Revenue Code of 1954 (now 1986) (as added by subsection (a)) shall apply to taxable years beginning on or after the date of the enactment of this Act (Apr. 7, 1986). ''(3) No inference. - Nothing in the amendments made by this section (amending sections 521 and 1388 of this title) shall be construed to infer that a change in law is intended as to whether any patronage earnings may or not be offset by nonpatronage losses, and any determination of such issue shall be made as if such amendments had not been enacted.''
Amendment by Pub. L. 95-600 applicable to taxable years ending after October 31, 1978, see section 316(c) of Pub. L. 95-600, set out as a note under section 46 of this title.
Amendment by Pub. L. 91-172 applicable to per-unit retain allocations made after Oct. 9, 1969, see section 911(c) of Pub. L. 91-172, set out as a note under section 1382 of this title.
Amendment by Pub. L. 89-809 applicable to per-unit retain allocations made during taxable years of an organization described in section 1381(a) of this title (relating to organizations to which part I of subchapter T of chapter 1 applies) beginning after Apr. 30, 1966, with respect to products delivered during such years, see section 211(e)(1) of Pub. L. 89-809, set out as a note under section 1382 of this title.
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.
For provisions that nothing in amendment by Pub. L. 101-508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(b) of Pub. L. 101-508, set out as a note under section 29 of this title.
Section 211(f) of Pub. L. 89-809 provided that a written agreement between a patron and a cooperative association which met certain qualifications and was entered into after Oct. 14, 1965 and before Nov. 13, 1966, and which was in effect on Nov. 13, 1966, was to be treated for purposes of subsec. (h) of this section as if entered into after Nov. 13, 1966.
The Federal income tax laws, referred to in subsec. (c)(4), are classified generally to this title.