Section 860H, added Pub. L. 104-188, title I, Section 1621(a), Aug. 20, 1996, 110 Stat. 1858, set forth general rules relating to taxation of a FASIT.

Section 860I, added Pub. L. 104-188, title I, Section 1621(a), Aug. 20, 1996, 110 Stat. 1859, related to gain recognition on contributions to a FASIT and in other cases.

Section 860J, added Pub. L. 104-188, title I, Section 1621(a), Aug. 20, 1996, 110 Stat. 1860, prohibited offset of certain FASIT inclusions by non-FASIT losses.

Section 860K, added Pub. L. 104-188, title I, Section 1621(a), Aug. 20, 1996, 110 Stat. 1861, related to treatment of transfers of high-yield interests to disqualified holders.

Section 860L, added Pub. L. 104-188, title I, Section 1621(a), Aug. 20, 1996, 110 Stat. 1862; amended Pub. L. 105-34, title XVI, Section 1601(f)(6), Aug. 5, 1997, 111 Stat. 1091, defined terms and set forth special rules relating to FASITs.

Effective Date of Repeal

Repeal effective Jan. 1, 2005, with exception for any FASIT in existence on Oct. 22, 2004, to the extent that regular interests issued by the FASIT before such date continue to remain outstanding in accordance with the original terms of issuance, see section 835(c) of Pub. L. 108-357, set out as an Effective Date of 2004 Amendments note under section 56 of this title.

Subchapter N - Tax Based on Income From Sources Within or Without the United States

Part

I.

Source rules and other general rules relating to foreign income.

II.

Nonresident aliens and foreign corporations.

III.

Income from sources without the United States.

IV.

Domestic international sales corporations.\1\

N

Editorially supplied. Part IV added by Pub. L. 92-178 without corresponding amendment of subchapter analysis.

V.

International boycott determinations.

Amendments

1988 - Pub. L. 100-647, title I, Section 1012(h)(2)(D), Nov. 10, 1988, 102 Stat. 3503, substituted "Source rules and other general rules relating to foreign income" for "Determination of sources of income" in item for part I.

1976 - Pub. L. 94-455, title X, Section 1064(b), Oct. 4, 1976, 90 Stat. 1653, added item V.

PART I - SOURCE RULES AND OTHER GENERAL RULES RELATING TO FOREIGN INCOME

Sec.

861.

Income from sources within the United States.

862.

Income from sources without the United States.

863.

Special rules for determining source.

864.

Definitions and special rules.

865.

Source rules for personal property sales.

Amendments

1988 - Pub. L. 100-647, title I, Sections 1012(e)(3)(B), (h)(2)(C), 1018(u)(37), Nov. 11, 1988, 102 Stat. 3500, 3502, 3592, substituted "SOURCE RULES AND OTHER GENERAL RULES RELATING TO FOREIGN INCOME" for "DETERMINATION OF SOURCES OF INCOME" as part I heading, substituted "Special rules for determining source" for "Items not specified in section 861 or 862" in item 863, and added item 865.

1986 - Pub. L. 99-514, title XII, Section 1215(b)(2), Oct. 22, 1986, 100 Stat. 2545, substituted "Definitions and special rules" for "Definitions" in item 864.