Editor's Note:
Pub. L. 115-141, Div. U, Sec. 401(d)(4)(A), struck Sec. 1400A, effective March 23, 2018.
I.R.C. § 1400A(a) In General —
In the case of the District of Columbia Enterprise Zone, subparagraph (A) of section
1394(c)(1) (relating to limitation on amount of bonds) shall be applied by substituting “$15,000,000”
for “$3,000,000”.
I.R.C. § 1400A(b) Period Of Applicability —
This section shall apply to bonds issued during the period beginning on January
1, 1998, and ending on December 31,
2011 and section 1394(b)(3)(B)(iii) shall be applied without regard to the employee residency requirement.
(Added Pub. L. 105-34, title VII, Sec. 701(a), Aug. 5, 1997, 111 Stat 788; amended Pub. L. 105-206, title VI, Sec. 6008(b), July 22, 1998, 112 Stat 685; Pub. L. 106-554, Sec. 164, Dec. 21, 2000, 114
Stat. 2763; Pub. L. 108-311, title III, Sec. 310(b), Oct. 4, 2004, 118
Stat. 1166; Pub. L. 109-432, div. A, title I, Sec. 110(b)(1), Dec. 20, 2006, 120 Stat. 2922; Pub. L. 110-343, div. C, title III, Sec. 322(b)(1), Oct. 3, 2008, 122 Stat. 3765; Pub. L. 111-312, title VII, Sec. 754(b), Dec. 17, 2010, 124 Stat. 3296; repealed by Pub. L. 115-141, Div. U, title IV, Sec. 401(d)(4)(A), Mar. 23, 2018, 132 Stat. 348.)
BACKGROUND NOTES
AMENDMENTS
2018 - Sec. 1400A. Pub. L. 115-141, Div. U, Sec. 401(d)(4)(A), struck Sec. 1400A. Before being struck, it read as follows:
“Sec. 1400A. Tax-Exempt Economic Development Bonds
“(a) In General.—In the case of the District of Columbia Enterprise Zone, subparagraph
(A) of section 1394(c)(1) (relating to limitation on amount of bonds) shall be applied
by substituting ‘$15,000,000' for ‘$3,000,000”.
“(b) Period of Applicability.—This section shall apply to bonds issued during the
period beginning on January 1, 1998, and ending on December 31, 2011 and section 1394(b)(3)(B)(iii)
shall be applied without regard to the employee residency requirement.”
2010 - Subsec. (b). Pub. L. 111-312, Sec. 754(b), amended subsec. (b) by substituting “December 31, 2011” for “December 31, 2009”.
2008 - Subsec. (b). Pub. L. 110-343, Div. C, Sec. 322(b)(1), amended subsec. (b)
by substituting “2009” for “2007”.
2006 - Subsec. (b). Pub. L. 109-432, Sec. 110(b)(1), amended subsec. (b) by substituting “2007” for “2005”.
2004 - Subsec. (b). Pub. L. 108-311, Sec. 310(a), amended subsec. (b) by substituting “December 31, 2005” for “December 31, 2003”.
2000 - Subsec. (b). Pub. L. 106-554, Sec. 164, amended subsec. (b) by substituting “2003” for “2002”.
1998 - Subsec. (b). Pub. L. 105-206, Sec. 6008(b), amended subsec. (b) by inserting “and section 1394(b)(3)(B)(iii) shall be applied
without regard to the employee residency requirement” before the period.
EFFECTIVE DATE OF REPEAL
Repeal by Pub. L. 115-141, Div. U, Sec. 401(d)(4)(A), effective March 23, 2018.
Section 401(d)(4)(C) of Pub. L. 115-141, Div. U, provided the following savings provision:
“(C) SAVINGS PROVISIONS.—The amendments made by this paragraph shall not apply to—
“(i) 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,
“(ii) 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
“(iii) in the case of the repeal of section 1400C of such Code, principal residences
acquired before January 1, 2012.”
Section 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 2010 AMENDMENT
Amendment by Sec. 754(b) of Pub. L. 111-312 effective for bonds issued after December 31, 2009
EFFECTIVE DATE OF 2008 AMENDMENT
Amendment by Div. C, Sec. 322(b) of Pub. L. 110-343 effective for bonds issued after December 31, 2007.
EFFECTIVE DATE OF 2006 AMENDMENT
Amendment by Sec. 110(b) of Pub. L. 109-432 effective for bonds issued after December 31, 2005.
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by Sec. 310(b) of Pub. L. 108-311 effective for obligations issued after the date of the enactment of this Act [Enacted:
Oct. 4, 2004].
EFFECTIVE DATE OF 1998 AMENDMENTS
Amendment by Sec. 6008(b) of Pub. L. 105-206 effective as if included in the provisions of the Taxpayer Relief Act of 1997 to
which it relates
[Effective Date of Pub. L. 105-34, Title VI: Aug. 5, 1997].
EFFECTIVE DATE
Section 701(d) of Pub. L. 105-34 provided that: “except as provided in subsection (c), the amendments made by this
section shall take effect on the date of the enactment of this Act [Enacted: Aug.
5, 1997].”
