The law › Title 26, Internal Revenue Code › Chapter 1

26 U.S.C. 737: Recognition of precontribution gain in case of certain distributions to contributing partner

Created in 1992 by Public Law 102-486. Changed by 3 later laws. 1 bill in this Congress would change it.

How it got hereLaws that created or changed it, newest first

1997Taxpayer Relief Act of 1997

1996Small Business Job Protection Act of 1996

1994Pub. L. 103-465

1992Pub. L. 102-486created it

26 U.S.C. 737Recognition of precontribution gain in case of certain distributions to contributing partner

(a)General rule

(b)Net precontribution gain

(c)Basis rules

(d)Exceptions

(e)Marketable securities treated as moneychanged

This CongressBills that change it or would

H.R. 10357Digital Asset Tax Certainty Actintroduced

past change
enacted this Congress
proposed

This Congress

H.R. 10357 Digital Asset Tax Certainty Act · introduced · would change (e)

How it got here

1997

Pub. L. 105–34 substituted "7 years" for "5 years". (Taxpayer Relief Act of 1997) Law text · (b)

1996

Pub. L. 104–188 provided that section 1937(a) of Pub. L. 102–486, shall be applied as if "Subpart B" appeared instead of "Subpart C". Section 1937(a) of Pub. L. 102–486 directed amendment of subpart C of this part by adding this section at the end thereof. (Small Business Job Protection Act of 1996) Law text

1994

Pub. L. 103–465, §741(b)(1), amended last sentence generally. Prior to amendment, last sentence read as follows: "Except for purposes of determining the amount recognized under subsection (a), such increase shall be treated as occurring immediately before the distribution." · (c)
Pub. L. 103–465, §741(b)(2), added subsec. (e). · (e)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.