Bloomberg Bloomberg
Comprehensive Tax Research. Practitioner to Practitioner. ®

Internal Revenue Code, § 1039. Certain Sales Of Low-Income Housing Projects [Repealed]

[Repealed--1990 Rev. Recon. Act, sec. 11801(a)(33)]
(Sec. 1039. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(33), Nov. 5, 1990, 104 Stat. 1388-521)
Section, added Pub. L. 91-172, title IX, Sec. 910(a), Dec. 30, 1969, 83 Stat. 718, and amended Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, related to the recognition of gain on certain sales of low-income housing projects.
For provisions that nothing in repeal by Pub. L. 101-508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(b) of Pub. L. 101-508, set out as a note under section 29 of this title.