Sec. 3822. Repeal of DC Zone provisions
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Chapter 1 is amended by striking subchapter W (and by striking the item relating to such subchapter in the table of subchapters for such chapter). Section 1202(a)(2)(B) is amended by inserting (as in effect before its repeal by the after Tax Reform Act of 2014 ) 1400B(b) . Section 25(e)(1)(C) is amended by striking sections 23, 25D, and 1400C and inserting section 23 . Section 1016(a) is amended by striking paragraph (27). Except as otherwise provided in paragraph (2), the amendments made by this section shall take effect on the date of the enactment of this Act.
The amendments made by this section shall not apply to— in the case of the repeal of section 1400A of the Internal Revenue Code of 1986, obligations described in section 1394 of such Code (as in effect before its repeal) which were issued before January 1, 2012, in the case of the repeal of section 1400B of such Code, DC Zone assets (as defined in such section, as in effect before its repeal) which were acquired by the taxpayer before January 1, 2012, and in the case of the repeal of section 1400C of such Code, principal residences acquired before January 1, 2012.