The law › Title 46, Shipping › Chapter 535

46 U.S.C. 53511: Tax treatment of nonqualified withdrawals

Created in 2006 by Public Law 109-304. Changed by 1 later law. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 46 U.S.C. 53510, 46 U.S.C. 53514.

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

2013American Taxpayer Relief Act of 2012

2006Pub. L. 109-304created it

46 U.S.C. 53511Tax treatment of nonqualified withdrawals

(a)In General.—Except as provided in section 53513 of this title, a withdrawal…

(b)Order of Withdrawals.—A nonqualified withdrawal shall be treated as made—

(c)Tax Treatment.—For purposes of the Internal Revenue Code of 1986 (26 U.S.C. 1…

(d)Interest Rate.—The rate of interest under subsection (c)(3)(B) for a…

(e)Nonqualified Withdrawals.—

(f)Tax Determinations.—

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

2013

Pub. L. 112–240 substituted "20 percent" for "15 percent". (American Taxpayer Relief Act of 2012) Law text · (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.