Table 1 to Paragraph (a)(1)
Section of act | Section of code | Description of election | Availability of election |
31(a) and 31(g)(16) | 168(j)(4)(E)(ii) | Election by certain 501(c)(12) organizations to be treated as taxable organizations and to have certain arbitrage profits taxed | Generally for property placed in service after May 23, 1983, or leased after such date. |
31(f) | 46(e)(4)(C) | Election by section 593 organizations not to apply section 46(e)(4)(A) | Generally for property placed in service after Nov. 5, 1983, or leased after such date. |
41(a) | 1282(b)(2) | Election to have section 1281 apply to all short-term obligations acquired on or after the first day of the first taxable year to which the election relates (but not to obligations acquired before July 19, 1984) | Taxable years ending after July 18, 1984, with respect to obligations acquired after such date. |
41(a) | 1283(c)(2) | Election to have section 1283(c)(1) not apply to all obligations acquired on or after the first day of the first taxable year to which the election relates (but not to obligations acquired before July 19, 1984) | Do. |
113 | 48(r) | Election by all persons having an ownership interest in a sound recording to treat such recording as 3-yr. recovery property | Property placed in service after Mar. 15, 1984. |
431(e)(2) | 46(c) (8) and (9), 48(d)(6), 47(d) (1) and (2) | Election to apply the investment tax credit at risk rules as modified by the Tax Reform Act of 1984 to all transactions covered by sec. 211(f) of the Economic Recovery Tax Act of 1981 | Generally to property placed in service between Feb. 18, 1981, and July 19, 1984. |
712(l)(7)(B) | 304 | Election to apply certain technical corrections of sec. 304 to all transfers covered by the changes made to sec. 304 by the Tax Equity and Fiscal Responsibility Act of 1982 | Stock acquired after Aug. 31, 1982, and before June 19, 1984. |
712(l)(7)(C)(ii) | 304 | Election with respect to bank holding companies to apply certain technical corrections of sec. 304 to stock acquired after June 18, 1984 | Generally to transfers to bank holding companies formed pursuant to application filed with Federal Reserve Board before June 18, 1984. |
1066 | 163(d) | Elections to treat certain income from S corporations, for purposes of sec. 163(d), as such income would have been treated prior to the Subchapter S Revision Act of 1982 | With respect to S corporation taxable years beginning in 1983 or 1984. |
1078 | Election to exclude from gross income payments from U.S. Forest Service as result of restricting motorized traffic in the boundary waters canoe area | Payments in taxable years beginning after Dec. 31, 1979. |
If this election is not made, the foreign corporation (interests in which were stapled interests as of June 30, 1983) will be treated as a domestic corporation, effective January 1, 1987, under section 269B(a)(1) of the Code.
26 C.F.R. §301.9100-6T