2012 US Code
Title 25 - Indians
Chapter 14 - MISCELLANEOUS (§§ 441 - 1300n-6)
Subchapter XXX - WESTERN OREGON INDIANS: TERMINATION OF FEDERAL SUPERVISION (§§ 691 - 708)
Section 699 - Taxes; initial exemption; taxes following distribution; valuation for capital gains or losses
Publication Title | United States Code, 2012 Edition, Title 25 - INDIANS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 25 - INDIANS CHAPTER 14 - MISCELLANEOUS SUBCHAPTER XXX - WESTERN OREGON INDIANS: TERMINATION OF FEDERAL SUPERVISION Sec. 699 - Taxes; initial exemption; taxes following distribution; valuation for capital gains or losses |
Contains | section 699 |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
Source Credit | Aug. 13, 1954, ch. 733, §9, 68 Stat. 726. |
Statutes at Large Reference | 68 Stat. 726 |
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No property distributed under the provisions of this subchapter shall at the time of distribution be subject to Federal or State income tax. Following any distribution of property made under the provisions of this subchapter, such property and any income derived therefrom by the individual, corporation, or other legal entity shall be subject to the same taxes, State and Federal, as in the case of non-Indians: Provided, That for the purpose of capital gains or losses the base value of the property shall be the value of the property when distributed to the individual, corporation, or other legal entity.
(Aug. 13, 1954, ch. 733, §9, 68 Stat. 726.)
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