U.S. Code, Title 26, Internal Revenue Code

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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[§ 586. Repealed. Pub. L. 99–514, Title IX, § 901(C), Oct. 22, 1986, 100 Stat. 2378]

     Section, added Pub. L. 91–172, title IV, § 431(a), Dec. 30, 1969, 83 Stat. 618; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, related to reserves for losses on loans of small business investment companies, etc.

Effective Date of Repeal

     Repeal applicable to taxable years beginning after Dec. 31, 1986, see section 901(e) of Pub. L. 99–514, set out as an Effective Date of 1986 Amendment note under section 166 of this title.

PART II—MUTUAL SAVINGS BANKS, ETC.

Sec.

591.     Deduction for dividends paid on deposits.

[592.     Repealed.]

593.     Reserves for losses on loans.

594.     Alternative tax for mutual savings banks conducting life insurance business.

[595, 596.     Repealed.]

597.     Treatment of transactions in which Federal financial assistance provided.

Amendments

     1996—Pub. L. 104–188, title I, § 1616(b)(16), Aug. 20, 1996, 110 Stat. 1857, struck out items 595 "Foreclosure on property securing loans" and 596 "Limitation on dividends received deduction".

     1989—Pub. L. 101–73, title XIV, § 1401(b)(1), Aug. 9, 1989, 103 Stat. 549, repealed amendment made by Pub. L. 99–514, § 904(b)(2), see 1986 Amendment note below.

     Pub. L. 101–73, title XIV, § 1401(a)(3)(C), Aug. 9, 1989, 103 Stat. 549, substituted "Treatment of transactions in which Federal financial assistance provided" for "FSLIC or FDIC financial assistance" in item 597.

     1988—Pub. L. 100–647, title IV, § 4012(b)(2)(D)(ii), Nov. 10, 1988, 102 Stat. 3658, substituted "FSLIC or FDIC" for "FSLIC" in item 597.

     1986—Pub. L. 99–514, title IX, § 904(b)(2), (c)(2)(A), Oct. 22, 1986, 100 Stat. 2385, as amended by Pub. L. 100–647, title IV, § 4012(a)(2), Nov. 10, 1988, 102 Stat. 3656, which, applicable to transfers after Dec. 31, 1989, in taxable years ending after that date, directed amendment of analysis by striking out item 597, was repealed by Pub. L. 101–73, title XIV, § 1401(b)(1), (c)(4), Aug. 9, 1989, 103 Stat. 549, 550, eff. Oct. 22, 1986, and applicable as if the amendments made by such section had not been enacted.

     1981—Pub. L. 97–34, title II, § 244(b), Aug. 13, 1981, 95 Stat. 255, added item 597.

     1976—Pub. L. 94–455, title XIX, § 1901(b)(19), Oct. 4, 1976, 90 Stat. 1796, struck out item 592 "Deduction for repayment of certain loans".

     1969—Pub. L. 91–172, title IV, § 434(b)(2), Dec. 30, 1969, 83 Stat. 625, added item 596.

     1962—Pub. L. 87–834, § 6(d), Oct. 16, 1962, 76 Stat. 984, substituted "Reserves for losses on loans" for "Additions to reserve for bad debts" in item 593, and added item 595.

Part Referred to in Other Sections

     This part is referred to in section 1381 of this title.

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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "[§ 586. Repealed. Pub. L. 99– 514, Title IX, § 901(C), Oct. 22, 1986, 100 Stat. 2378]," U.S. Code, Title 26, Internal Revenue Code in U.S. Code, Title 26, Internal Revenue Code (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed April 23, 2018, http://www.originalsources.com/Document.aspx?DocID=CN92GPM2T93EKKS.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "[§ 586. Repealed. Pub. L. 99– 514, Title IX, § 901(C), Oct. 22, 1986, 100 Stat. 2378]." U.S. Code, Title 26, Internal Revenue Code, in U.S. Code, Title 26, Internal Revenue Code, Washington, D.C., Government Printing Office, 2002, Original Sources. 23 Apr. 2018. www.originalsources.com/Document.aspx?DocID=CN92GPM2T93EKKS.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '[§ 586. Repealed. Pub. L. 99– 514, Title IX, § 901(C), Oct. 22, 1986, 100 Stat. 2378]' in U.S. Code, Title 26, Internal Revenue Code. cited in 2002, U.S. Code, Title 26, Internal Revenue Code, Government Printing Office, Washington, D.C.. Original Sources, retrieved 23 April 2018, from http://www.originalsources.com/Document.aspx?DocID=CN92GPM2T93EKKS.