Statutes, codes, and regulations
United States Code
Title 26 - INTERNAL REVENUE CODESubtitle A - INCOME TAXESChapter 1 - NORMAL TAXES AND SURTAXESSubchapter B - COMPUTATION OF TAXABLE INCOME
Part III - ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME
Section 139H - Interest received in action to recover property seized by the Internal Revenue Service based on structuring transaction

26 U.S.C. § 139H

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Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 139H - Interest received in action to recover property seized by the Internal Revenue Service based on structuring transaction

Gross income shall not include any interest received from the Federal Government in connection with an action to recover property seized by the Internal Revenue Service pursuant to section 5317(c)(2) of title 31, United States Code, by reason of a claimed violation of section 5324 of such title.

26 U.S.C. § 139H

Added Pub. L. 116-25, title I, §1202(a), July 1, 2019, 133 Stat. 987.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATEPub. L. 116-25, title I, §1202(c), July 1, 2019, 133 Stat. 988, provided that: "The amendments made by this section [enacting this section] shall apply to interest received on or after the date of the enactment of this Act [July 1, 2019]."