26 U.S.C. § 244

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 244 - Repealed

26 U.S.C. § 244

Pub. L. 113-295, div. A, title II, §221(a)(41)(A), Dec. 19, 2014, 128 Stat. 4043]

Section, Aug. 16, 1954, ch. 736, 68A Stat. 73; Pub. L. 88-272, title II, §214(b)(1), Feb. 26, 1964, 78 Stat. 55; Pub. L. 95-600, title III, §301(b)(3), Nov. 6, 1978, 92 Stat. 2820; Pub. L. 99-514, title VI, §611(a)(2), Oct. 22, 1986, 100 Stat. 2249; Pub. L. 100-203, title X, §10221(a)(2), Dec. 22, 1987, 101 Stat. 1330-408; Pub. L. 100-647, title II, §2004(i)(2), Nov. 10, 1988, 102 Stat. 3603, allowed to corporations as a deduction a percentage of the amount received as dividends on the preferred stock of a public utility.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF REPEALRepeal not applicable to preferred stock issued before Oct. 1, 1942 (determined in the same manner as under section 247 of this title as in effect before its repeal by Pub. L. 113-295), see section 221(a)(41)(K) of Pub. L. 113-295, set out as an Effective Date of 2014 Amendment note under section 172 of this title.Except as otherwise provided in section 221(a) of Pub. L. 113-295, repeal effective Dec. 19, 2014, subject to a savings provision, see section 221(b) of Pub. L. 113-295, set out as an Effective Date of 2014 Amendment note under section 1 of this title.

stock

The term "stock" includes shares in an association, joint-stock company, or insurance company.