The tax free deemed return on foreign investment is repealed
What the document says“Section 951A, as amended by the preceding provisions of this Act, is amended by striking subsections (b) and (d) and by redesignating subsections (c), (e), and (f) as subsections (b), (c), and (d), respectively.”
The section strikes subsections (b) and (d) of section 951A of the Internal Revenue Code of 1986 and renumbers subsections (c), (e) and (f) as (b), (c) and (d). Those provisions are not indexed here, so what they said cannot be checked against anything on this site.
What the document actually says“Section 951A, as amended by the preceding provisions of this Act, is amended by striking subsections (b) and (d) and by redesignating subsections (c), (e), and (f) as subsections (b), (c), and (d), respectively.”
Two subsections are taken out of a tax rule. Three others are renumbered to fill the gap.
The heading calls it a tax free deemed return. What the struck text said is not recorded here. The tax code is not indexed on this site.
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