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43 U.S.C. 1620: Taxation

Created in 1971 by Public Law 92-203. Changed by 6 later laws. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 26 U.S.C. 56A, 43 U.S.C. 1636.

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

1992Pub. L. 102-415

1988Pub. L. 100-241

1986Pub. L. 99-514

1980Pub. L. 96-487

1978Pub. L. 95-600

1976Pub. L. 94-204

1971Pub. L. 92-203created it

43 U.S.C. 1620Taxation

(a)Fund revenues exemption; investment income taxable

(b)Shares of stock exemption

(c)Land or land interests exemption; basis for sale or other disposition, adjustment; basis for interest in mine, well, other natural deposit, or block of timber, adjustment

(d)Real property interests; exemption period for conveyance of interests not developed or leased or interests used solely for exploration, interests taxable; derivative revenues taxable; exchanges; simultaneous exchanges

(e)Public lands status of real property interests exempt from real estate taxes for purposes of Federal highway and education laws; Federal fire protection services for real property interests without cost

(f)Stocks of Regional and Village Corporations exempt from estate taxes; period of exemption

(g)Resource information or analysis; professional or technical services

(h)Date of incorporation as date of trade or business; ordinary and necessary expenses

(i)Personal Holding Company Act exemption

(j)Shareholder homesites

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

No bill we track in the 119th Congress changes this section.

How it got here

1992

Pub. L. 102–415 struck out "prior to December 18, 1991," after "A real property interest distributed" and substituted "Provided, That alienability of the Settlement Common Stock of the Corporation has not been terminated pursuant to section 1629c of this title: Provided further, That" … · (j)

1988

Pub. L. 100–241, §12(b)(1), inserted "(even if the Regional Corporation or Village Corporation distributing the dividend has not segregated revenue received from the Alaska Native Fund from revenue received from other sources)" after "distributions". · (a)
Pub. L. 100–241, §12(b)(2), (3), substituted "Native Corporation" for "Village Corporation" in two places and "That if the shareholder receiving the homesite subdivides such homesite, he or she shall pay all Federal, State, and local taxes that would have been incurred but for this sub… · (j)

1986

Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (c), (i)

1980

Pub. L. 96–487, §1408, inserted provision requiring that fair value of such land or interest in land at time of receipt be adjusted as provided in section 1016 of title 26 and proviso defining the basis of any such land attributable to an interest in a mine, well, other natural deposit… · (c)
Pub. L. 96–487, §904, designated existing provision as par. (1), substituted "Regional Corporation or corporation established pursuant to section 1613(h)(3) of this title" for "Regional Corporation", "third parties or which are used solely for the purposes of exploration shall" for "th… · (d)
Pub. L. 96–487, §1409, substituted "Native Group, corporation organized under section 1613(h)(3) of this title, or Village" for "Native Group, or Village", "(64 Stat. 967, 1100). So long as there are no substantial" for "(64 Stat. 967, 1100), and so long as there are also no substantia… · (e)
Pub. L. 96–487, §1407, added subsec. (j). · (j)

1978

Pub. L. 95–600 added subsecs. (g) to (i). · (g), (h), (i)

1976

Pub. L. 94–204 added subsec. (f). · (f)

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.