Title 26 — Internal Revenue Code
Part VIII · Chapter 1 — Normal Taxes and Surtaxes
[§ 244. Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(41)(A), Dec. 19, 2014, 128 Stat. 4043]
Repealed
This section has no operative text. The heading above names the act that repealed it, and the notes below are what the Code still records here.
Notes
removalDescription
Section, Aug. 16, 1954, ch. 736, 68A Stat. 73; Pub. L. 88–272, title II, § 214(b)(1), , 78 Stat. 55; Pub. L. 95–600, title III, § 301(b)(3), , 92 Stat. 2820; Pub. L. 99–514, title VI, § 611(a)(2), , 100 Stat. 2249; Pub. L. 100–203, title X, § 10221(a)(2), , 101 Stat. 1330–408; Pub. L. 100–647, title II, § 2004(i)(2), , 102 Stat. 3603, allowed to corporations as a deduction a percentage of the amount received as dividends on the preferred stock of a public utility.
Statutory Notes and Related Subsidiaries
Effective Date of Repeal
Repeal not applicable to preferred stock issued before (determined in the same manner as under section 247 of this title as in effect before its repeal by Pub. L. 113–295), see section 221(a)(41)(K) of Pub. L. 113–295, set out as an Effective Date of 2014 Amendment note under section 172 of this title.
Except as otherwise provided in section 221(a) of Pub. L. 113–295, repeal effective , subject to a savings provision, see section 221(b) of Pub. L. 113–295, set out as an Effective Date of 2014 Amendment note under section 1 of this title.