Taxation; exclusion from gross income

  1. Law
  2. USC 22
  3. Foreign Relations And Intercourse
  4. INTERNATIONAL BUREAUS, CONGRESSES, ETC.
  5. INTERNATIONAL BOUNDARY AND WATER COMMISSION
  6. Taxation; exclusion from gross income

Checkout our iOS App for a better way to browser and research.

§277d–23. Taxation; exclusion from gross income

No amount received as an award under subsection a. and subsections b. (1) and (3) of section 277d–19 of this title shall be included in gross income for purposes of chapter 1 of title 26. However, amounts received under subsection b. (1) shall be included in gross income to the extent that such amounts are not used within one year of the receipt thereof to purchase replacement housing or facilities.

( Pub. L. 88–300, §7, Apr. 29, 1964, 78 Stat. 186 ; Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 .)


Editorial Notes

Amendments

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.


Download our app to see the most-to-date content.