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Sec. 140. Cross References To Other Acts

I.R.C. § 140(a)
For exemption of—
I.R.C. § 140(a)(1)
Allowances and expenditures to meet losses sustained by persons serving the United States abroad, due to appreciation of foreign currencies, see section 5943 of title 5, United States Code.
I.R.C. § 140(a)(2)
Benefits under laws administered by the Department of Veterans Affairs, see section 5301 of title 38, United States Code.
I.R.C. § 140(a)(3)
Earnings of ship contractors deposited in special reserve funds, see section 53507 of title 46, United States Code.
I.R.C. § 140(a)(4)
Income derived from Federal Reserve banks, including capital stock and surplus, see section 7 of the Federal Reserve Act (12 U.S.C. 531).
I.R.C. § 140(a)(5)
Special pensions of persons on Army and Navy medal of honor roll, see 38 U.S.C. 1562(a)-(c).
I.R.C. § 140(b)
For extension of military income tax-exemption benefits to commissioned officers of Public Health Service in certain circumstances, see section 212 of the Public Health Service Act (42 U.S.C. 213).
(Aug. 16, 1954, ch. 736, 68A Stat. 39, 121; Aug. 1, 1956, ch. 837, title V, 501(t), 70 Stat. 885; June 17, 1957, Pub. L. 85-56, title XXII, 2201(25), 71 Stat. 160; Sept. 2, 1958, Pub. L. 85-857, 13(t) 72 Stat. 1266; renumbered 122, Feb. 26, 1964, Pub. L. 88-272, title II, 206(a), 78 Stat. 38; renumbered 123, Mar. 8, 1966, Pub. L. 89-365, 1(a)(1), 80 Stat. 32; renumbered 124, Dec. 30, 1969, Pub. L. 91-172, title IX, 901(a), 83 Stat. 709; amended Oct. 4, 1976, Pub. L. 94-455, title XIX, 1901(a)(21), 90 Stat. 1766; renumbered 125, Nov. 9, 1978, Pub. L. 95-618, title II, 242(a), 92 Stat. 3193; renumbered 128, Pub. L. 95-600, title I, 134(a), 164(a), title V, 543(a), Nov. 6, 1978, 92 Stat. 2783, 2811, 2888; amended Apr. 1, 1980, Pub. L. 96-222, title I, 101(a)(3), 94 Stat. 195; Dec. 24, 1980, Pub. L. 96-589, 6(i)(1), 94 Stat. 3410; renumbered 129, Aug. 13, 1981, Pub. L. 97-34, title III, 301(a), 95 Stat. 267; renumbered 130, Aug. 13, 1981, Pub. L. 97-34, title I, 124(e)(1), 95 Stat. 198; renumbered 131, Jan. 14, 1983, Pub. L. 97-473, title I, 101(b)(1), 96 Stat. 2605; renumbered 132, Jan. 14, 1983, Pub. L. 97-473, title I, 102(a), 96 Stat. 2606; renumbered 133, July 18, 1984, Pub. L. 98-369, div. A, title V, 531(a)(1), 98 Stat. 877; renumbered 134 and amended July 18, 1984, Pub. L. 98-369, div. A, title V, 543(a), div. B, title VI, 2661(o)(2), 98 Stat. 891, 1159; renumbered 135, Oct. 22, 1986, Pub. L. 99-514, title XI, 1168(a), 100 Stat. 2512; renumbered 136, Nov. 10, 1988, Pub. L. 100-647, title VI, 6009(a), 102 Stat. 3688; amended May 7, 1991, Pub. L. 102-40, 402(d)(2); amended Aug. 6, 1991, Pub. L. 102-83, 5(c)(2); renumbered 137, Oct. 24, 1992, Pub. L. 102-486, 1912(a); renumbered 138, Aug. 20, 1996, Pub. L. 104-188, title I, 1807(b), 110 Stat. 1755; renumbered 140, Jan. 23, 2002, Pub. L. 107-134, title I, 111(a), 115 Stat. 2427; amended, Oct. 6, 2006, Pub. L. 109-304, Sec. 17(e)(2), 120 Stat. 1485; Pub. L. 115-141, Div. U, title IV, Secs. 401(a)(2)(A), (b)(11), Mar. 23, 2018, 132 Stat. 348.)
BACKGROUND NOTES
AMENDMENTS
2018-- Subsec. (a)(3). Pub. L. 115-141, Div. U, Sec. 401(a)(2)(A) substituted ‘‘Department of Veterans Affairs’’ for ‘‘Veterans’ Administration”.
Subsec. (a)(2)-(6). Pub. L. 115-141, Div. U, Sec. 401(b)(11), amended subsec. (a) by striking par. (2) and by redesignating pars. (3) through (6) as pars. (2) through (5), respectively. Before being struck, par. (2) read as follows:
“(2) Amounts credited to the Maritime Administration under section 9(b)(6) of the Merchant Ship Sales Act of 1946, see section 9(c)(1) of that Act (50 U.S.C. App. 1742).”
2006-Subsec. (a)(4). Pub. L. 109-304, sec. 17(e)(2), amended par. (4) by substituting “section 53507 of title 46, United States Code” for “section 607(d) of the Merchant Marine Act, 1936 (46 U.S.C. 1177)”.
2002—Sec. 139. Pub. L. 107-134, sec. 111(a), redesignated sec. 139 as sec. 140.
1997—Sec. 138. Pub. L. 105-33, sec. 4006, redesignated sec. 138 as sec. 139.
1996—Sec. 137. Pub. L. 104-188, 1807(b), redesignated sec. 137 as sec. 138 and added a new sec. 137.
1992—Sec. 136. Pub. L. 102-486, 1912(a), redesignated sec. 136 as sec. 137.
1991—Subsec. (a)(6). Pub. L. 102-83, 5(c)(2), amended par. (6) by substituting “1562(a)-(c)” for “562(a)-(c).
Subsec.(a)(3). Pub. L. 102-40, 402(d)(2), amended par. (3) by substituting “5301” for “3101”.
1984—Subsec. (a)(6) to (8). Pub. L. 98-369, 2661(o)(2), struck par. (6) relating to railroad retirement annuities and pensions, struck out par. (7) relating to railroad unemployment benefits, and redesignated par. (8) as (6).
1980—Subsec. (a). Pub. L. 96-589 redesignated pars. (2) to (9) as (1) to (8), respectively. Former par. (1), relating to section 1079 of title 11 for adjustments of indebtedness under wage earners' plans, was struck out.
Subsec. (a)(8). Pub. L. 96-222 substituted “benefits which are not includible in gross income under section 85,” for “benefits, see”.
1976—Subsec. (a). Pub. L. 94-455, 1901(a)(21), struck out pars. (4), (5), (6), (9), (10), (11), (12), (13), and (17) relating to: benefits under World War Adjustment Compensation Act; benefits under World War Veteran's Act 1924; dividends and interest derived from certain preferred stock by Reconstruction Finance Corporation; income derived from Ogdensburg bridge; income derived from Owensburg bridge and ferries; income from Saint Clair River bridge and ferries; leave compensation payments under section 6 of Armed Forces Leave Act of 1946; mustering-out payments under Mustering-Out Payment Act of 1944; and gain derived from sale or other disposition of Treasury Bills issued after June 17, 1930, under the Second Liberty Bond Act, respectively, renumbered pars. (7), (8), (14), (15), (16), and (18) as pars. (5), (6), (7), (8), (9), and (4), respectively, struck out references to Statutes at Large, and updated cross references to the United States Code.
Subsec. (b). Pub. L. 94-455, 1901(a)(21), struck out “58 Stat. 689;” after “Health Service Act”.
1958—Subsec. (a)(18). Pub. L. 85-857 substituted “section 3101 of title 38, United States Code” for “section 1001 of the Veterans' Benefits Act of 1957”.
1957—Subsec. (a)(18). Pub. L. 85-56 substituted provisions relating to benefits under laws administered by Veterans' Administration, for provisions which related to dependency and indemnity compensation.
1956—Subsec. (a). Act Aug. 1, 1956, added par. (18) relating to dependency and indemnity compensation.
EFFECTIVE DATE OF 2018 AMENDMENTS
Amendments by Pub. L. 115-141, Div. U, Sec. 401(a)(2)(A), (b)(11), effective March 23, 2018.
Sec. 401(e) of Pub. L. 115-141, Div. U, provided the following savings provision:
“(e) General Savings Provision With Respect To Deadwood Provisions.—If—
“(1) any provision amended or repealed by the amendments made by subsection (b) or (d) applied to—
“(A) any transaction occurring before the date of the enactment of this Act,
“(B) any property acquired before such date of enactment, or
“(C) any item of income, loss, deduction, or credit taken into account before such date of enactment, and
“(2) the treatment of such transaction, property, or item under such provision would (without regard to the amendments or repeals made by such subsection) affect the liability for tax for periods ending after such date of enactment,
“nothing in the amendments or repeals made by this section shall be construed to affect the treatment of such transaction, property, or item for purposes of determining liability for tax for periods ending after such date of enactment.”
EFFECTIVE DATE OF 2006 AMENDMENT
Amendment by section 17 of Pub. L. 109-304 effective on the date of the enactment of this Act [Enacted: Oct. 6, 2006].
EFFECTIVE DATE OF 2002 AMENDMENT
Amendment by section 111 of Pub. L. 107-134 effective for taxable years ending on or after September 11, 2001.
EFFECTIVE DATE OF 1997 AMENDMENT
Amendment by section 4006 of Pub. L. 105-33 effective for taxable years beginning after December 31, 1998.
EFFECTIVE DATE OF 1996 AMENDMENT
Amendment by section 1807(b) of Pub. L. 104-188 effective for taxable years beginning after December 31, 1996.
EFFECTIVE DATE OF 1991 AMENDMENTS
Amendment by section 5(c)(2) of Pub. L. 102-83 effective on the date of the enactment of this Act [Enacted: Aug. 6, 1991].
Amendment by section 402(d)(2) of Pub. L. 102-40 effective on the date of the enactment of this Act [Enacted: May 7, 1991].
EFFECTIVE DATE OF 1984 AMENDMENT
Amendment by section 2661(o)(2) of Pub. L. 98-369 effective as though included in the enactment of the Social Security Amendments of 1983, Pub. L. 98-21, see section 2664(a) of Pub. L. 98-369, set out as a note under section 401 of Title 42, The Public Health and Welfare.
EFFECTIVE DATE OF 1980 AMENDMENTS
Amendment by Pub. L. 96-589 effective Oct. 1, 1979, but not to apply to proceedings under Title 11 commenced before Oct. 1, 1979, see section 7 of Pub. L. 96-589, set out as a note under section 108 of this title.
Amendment by Pub. L. 96-222 effective, except as otherwise provided, as if it had been included in the provisions of the Revenue Act of 1978, Pub. L. 95-600, to which such amendment relates, see section 201 of Pub. L. 96-222, set out as a note under section 32 of this title.
EFFECTIVE DATE OF 1976 AMENDMENT
Amendment by Pub. L. 94-455 applicable with respect to taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as a note under section 2 of this title.
EFFECTIVE DATE OF 1958 AMENDMENT
Amendment by Pub. L. 85-857 effective Jan. 1, 1959, see section 2 of Pub. L. 85-857, set out as an Effective Date note preceding Part I of Title 38, Veterans' Benefits.
CHANGE OF NAME
Reference to Veterans' Administration deemed to refer to Department of Veterans Affairs pursuant to section 10 of Pub. L. 100-527, set out as a Department of Veterans Affairs Act note under section 201 of Title 38, Veterans' Benefits.