26 U.S.C. § 54AA

Current through P.L. 118-78 (published on www.congress.gov on 07/30/2024)

Section 54AA - Repealed

26 U.S.C. § 54AA

Pub. L. 115-97, title I, §13404(a), Dec. 22, 2017, 131 Stat. 2138]

Section, added Pub. L. 111-5, div. B, title I, §1531(a), Feb. 17, 2009, 123 Stat. 358, related to build America bonds.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF REPEALRepeal applicable to bonds issued after Dec. 31, 2017, see section 13404(d) of Pub. L. 115-97, set out as a note under former section 54 of this title.

TRANSITIONAL COORDINATION WITH STATE LAW Pub. L. 111-5, div. B, title I, §1531(d), Feb. 17, 2009, 123 Stat. 360, provided that, except as otherwise provided by a State after Feb. 17, 2009, the interest on any build America bond (as defined in former 26 U.S.C. 54AA) and the amount of any credit determined under such section with respect to such bond was to be treated for purposes of the income tax laws of such State as being exempt from Federal income tax.

State

The term "State" shall be construed to include the District of Columbia, where such construction is necessary to carry out provisions of this title.