26 U.S.C. § 140 — Cross references to other Acts

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 151 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section just points readers to other tax exemptions that live in different laws, like certain overseas pay for government workers, veterans' benefits, ship contractor reserve funds, Federal Reserve bank income, Medal of Honor pensions, and Public Health Service officer benefits.

This section is a list of cross-references — it points to tax exemptions found in other laws, rather than creating new rules itself. (a) For exemption of the following, see the laws named: (1) allowances paid to people serving the United States abroad to make up for their money losing value against foreign currency (title 5, section 5943); (2) benefits paid under laws run by the Department of Veterans Affairs (title 38, section 5301); (3) earnings that ship contractors put into special reserve funds (title 46, section 53507); (4) income from Federal Reserve banks, including their capital stock and surplus (Federal Reserve Act section 7); and (5) special pensions for people on the Army and Navy Medal of Honor roll (title 38, section 1562(a) through (c)). (b) For extending military income-tax exemption benefits to commissioned officers of the Public Health Service in certain situations, see section 212 of the Public Health Service Act.

the actual law source: uscode.house.gov ↗public domain

(a)

For exemption of—

(1)

Allowances and expenditures to meet losses sustained by persons serving the United States abroad, due to appreciation of foreign currencies, see section 5943 of title 5, United States Code.

(2)

Benefits under laws administered by the Department of Veterans Affairs, see section 5301 of title 38, United States Code.

(3)

Earnings of ship contractors deposited in special reserve funds, see section 53507 of title 46, United States Code.

(4)

Income derived from Federal Reserve banks, including capital stock and surplus, see section 7 of the Federal Reserve Act (12 U.S.C. 531).

(5)

Special pensions of persons on Army and Navy medal of honor roll, see 38 U.S.C. 1562(a)–(c).

(b)

For extension of military income tax-exemption benefits to commissioned officers of Public Health Service in certain circumstances, see section 212 of the Public Health Service Act (42 U.S.C. 213).

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 39, § 121; Aug. 1, 1956, ch. 837, title V, § 501(t), 70 Stat. 885; Pub. L. 85–56, title XXII, § 2201(25), June 17, 1957, 71 Stat. 160; Pub. L. 85–857, § 13(t), Sept. 2, 1958, 72 Stat. 1266; renumbered § 122, Pub. L. 88–272, title II, § 206(a), Feb. 26, 1964, 78 Stat. 38; renumbered § 123, Pub. L. 89–365, § 1(a)(1), Mar. 8, 1966, 80 Stat. 32; renumbered § 124, Pub. L. 91–172, title IX, § 901(a), Dec. 30, 1969, 83 Stat. 709; amended Pub. L. 94–455, title XIX, § 1901(a)(21), Oct. 4, 1976, 90 Stat. 1766; renumbered § 125, Pub. L. 95–618, title II, § 242(a), Nov. 9, 1978, 92 Stat. 3193; renumbered § 126, renumbered § 127, renumbered § 128, Pub. L. 95–600, title I, §§ 134(a), 164(a), title V, 543(a), Nov. 6, 1978, 92 Stat. 2783, 2811, 2888; amended Pub. L. 96–222, title I, § 101(a)(3), Apr. 1, 1980, 94 Stat. 195; Pub. L. 96–589, § 6(i)(1), Dec. 24, 1980, 94 Stat. 3410; renumbered § 129, renumbered § 130, Pub. L. 97–34, title I, § 124(e)(1), title III, § 301(a), Aug. 13, 1981, 95 Stat. 198, 267; renumbered § 131, renumbered § 132, Pub. L. 97–473, title I, §§ 101(b)(1), 102(a), Jan. 14, 1983, 96 Stat. 2605, 2606; renumbered § 133, renumbered § 134 and amended Pub. L. 98–369, div. A, title V, §§ 531(a)(1), 543(a), div. B, title VI, § 2661(o)(2), July 18, 1984, 98 Stat. 877, 891, 1159; renumbered § 135, Pub. L. 99–514, title XI, § 1168(a), Oct. 22, 1986, 100 Stat. 2512; renumbered § 136, Pub. L. 100–647, title VI, § 6009(a), Nov. 10, 1988, 102 Stat. 3688; Pub. L. 102–40, title IV, § 402(d)(2), May 7, 1991, 105 Stat. 239; Pub. L. 102–83, § 5(c)(2), Aug. 6, 1991, 105 Stat. 406; renumbered § 137, Pub. L. 102–486, title XIX, § 1912(a), Oct. 24, 1992, 106 Stat. 3014; renumbered § 138, Pub. L. 104–188, title I, § 1807(b), Aug. 20, 1996, 110 Stat. 1901; renumbered § 139, Pub. L. 105–33, title IV, § 4006(a), Aug. 5, 1997, 111 Stat. 331; renumbered § 140, Pub. L. 107–134, title I, § 111(a), Jan. 23, 2002, 115 Stat. 2432; Pub. L. 109–304, § 17(e)(2), Oct. 6, 2006, 120 Stat. 1708; Pub. L. 115–141, div. U, title IV, § 401(a)(2)(A), (b)(11), Mar. 23, 2018, 132 Stat. 1184, 1202.)

history & why it existsrecord from the source credit

1954Enacted · Act of Aug. 16, 1954, ch. 736
1956Amended · Act of Aug. 1, 1956, ch. 837 · 70 Stat. 885
1957Amended · Pub. L. 85-56 · 71 Stat. 160
1958Amended · Pub. L. 85-857 · 72 Stat. 1266
1964Amended · Pub. L. 88-272 · 78 Stat. 38
1966Amended · Pub. L. 89-365 · 80 Stat. 32
1969Amended · Pub. L. 91-172 · 83 Stat. 709
1976Amended · Pub. L. 94-455 · 90 Stat. 1766
1978Amended · Pub. L. 95-618 · 92 Stat. 3193
1978Amended · Pub. L. 95-600 · 92 Stat. 2783, 2811, 2888
1980Amended · Pub. L. 96-222 · 94 Stat. 195
1980Amended · Pub. L. 96-589 · 94 Stat. 3410
1981Amended · Pub. L. 97-34 · 95 Stat. 198, 267
1983Amended · Pub. L. 97-473 · 96 Stat. 2605, 2606
1984Amended · Pub. L. 98-369 · 98 Stat. 877, 891, 1159
1986Amended · Pub. L. 99-514 · 100 Stat. 2512
1988Amended · Pub. L. 100-647 · 102 Stat. 3688
1991Amended · Pub. L. 102-40 · 105 Stat. 239
1991Amended · Pub. L. 102-83 · 105 Stat. 406
1992Amended · Pub. L. 102-486 · 106 Stat. 3014
1996Amended · Pub. L. 104-188 · 110 Stat. 1901
1997Amended · Pub. L. 105-33 · 111 Stat. 331
2002Amended · Pub. L. 107-134 · 115 Stat. 2432
2006Amended · Pub. L. 109-304 · 120 Stat. 1708
2018Amended · Pub. L. 115-141 · 132 Stat. 1184, 1202

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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