26 U.S.C. § 860A — Taxation of REMIC’s
submitted 40 years ago by Pub. L. 99-514 to r/title-26-INTERNAL-REVENUE-CODE · 63 words · no verdicts yet
Except for this part’s exceptions, a REMIC is not taxed under the subtitle and is not treated as a corporation, partnership, or trust for that subtitle. Its income is taxed to its interest holders as this part provides.
(a) General rule. Unless this part provides otherwise, a REMIC is not subject to tax under this subtitle. It is also not treated as a corporation*, partnership*, or trust for this subtitle.
(b) Income taxed to holders. A REMIC’s income is taxed to the holders of interests in the REMIC as this part provides.
Except as otherwise provided in this part, a REMIC shall not be subject to taxation under this subtitle (and shall not be treated as a corporation*, partnership*, or trust for purposes of this subtitle).
The income of any REMIC shall be taxable to the holders of interests in such REMIC as provided in this part.
Source credit: (Added Pub. L. 99–514, title VI, § 671(a), Oct. 22, 1986, 100 Stat. 2309; amended Pub. L. 100–647, title I, § 1006(t)(20), Nov. 10, 1988, 102 Stat. 3426.)
- 1986Enacted · Pub. L. 99-514 · 100 Stat. 2309
- 1988Amended · Pub. L. 100-647 · 102 Stat. 3426
A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-514 on 1986-10-22.
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