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  1. IRC
  2. Subtitle A
  3. Chapter 1
  4. Subchapter O
  5. Part IV
  6. § 1062

Sec. 1062. Cross References

I.R.C. § 1062(1) —
For nonrecognition of gain in connection with the transfer of obsolete vessels to the Maritime Administration under chapter 573 of title 46, United States Code, see section 57307 of title 46.
I.R.C. § 1062(2) —
For recognition of gain or loss in connection with the construction of new vessels, see chapter 533 of title 46, United States Code.
(Aug. 16, 1954, ch. 736, 68A Stat. 311, 1054, renumbered 1055, Sept. 14, 1960, Pub. L. 86-779, Sec. 8(b), 74 Stat. 1003; renumbered 1056, Apr. 10, 1963, Pub. L. 88-9, Sec. 1(b), 77 Stat. 7; renumbered 1057, Oct. 4, 1976, Pub. L. 94-455, title II, Sec. 212(a)(1), 90 Stat. 1545; renumbered 1058, Oct. 4, 1976, Pub. L. 94-455, title X, Sec. 1015(c), 90 Stat. 1618; renumbered 1059, Aug. 15, 1978, Pub. L. 95-345, Sec. 2(d)(1), 92 Stat. 482; renumbered 1060, July 18, 1984, Pub. L. 98-369, div. A, title I, Sec. 53(a), 98 Stat. 565; renumbered 1061 and amended, Oct. 22, 1986, Pub. L. 99-514, title VI, 641(a), title XVIII, 1899A(27), 100 Stat. 2282, 2960; amended Oct. 6, 2006, Pub. L. 109-304, Sec. 17(e)(5), 120 Stat. 1485; renumbered 1062, Dec. 22, 2017, Pub. L. 115-97, Sec. 13309(a)(1).)
BACKGROUND NOTES
AMENDMENTS
2017—Pub. L. 115-97, Sec. 13309(a)(1), redesignated Sec. 1061 as Sec. 1062.
2006—Pars. (1), (2), and (3). Pub. L. 109-304, Sec. 17(e)(5), amended par. (1) by substituting “chapter 573 of title 46, United States Code, see section 57307 of title 46" for “section 510 of the Merchant Marine Act, 1936, see subsection (e) of that section, as amended August 4, 1939 (46 U.S.C. App. 1160)”; amended par. (2) by substituting “chapter 533 of title 46, United States Code” for “section 511 of such Act, as amended (46 U.S.C. App. 1161)”; and struck par. (3). Before being struck, par. (3) read as follows:
“(3) For nonrecognition of gain in connection with vessels exchanged with the Maritime Administration under section 8 of the Merchant Ship Sales Act of 1946, see subsection (a) of that section (50 U.S.C. App. 1741).”
1986--Pub. L. 99-514, 641(a), renumbered section 1060 of this title as this section.
Pars. (1), (2). Pub. L. 99-514, 1899A(27), which directed the amendment of pars. (1) and (2) of section 1060 by substituting “46 U.S.C. App.” for “46 U.S.C.” was executed to section 1061 to reflect the probable intent of Congress in view of the renumbering of section 1060 as 1061 by section 641(a) of Pub. L. 99-514.
EFFECTIVE DATE OF 2017 REDESIGNATION
Redesignation by Pub. L. 115-97, Sec. 13309(a)(1), effective for taxable years beginning after December 31, 2017.
EFFECTIVE DATE OF 2006 AMENDMENTS
Amendments by Pub. L. 109-304, Sec. 17(e)(5), effective on the date of the enactment of this Act [Enacted: Oct. 6, 2006].