References to the Internal Revenue Code of 1986, Etc
Section 70001 · Sec. 70001 ·
What this chapter is about
This part sets a reading rule for the whole tax title. Any section named without another law is a section of the tax code. It also switches off one rule about mid-year rate changes.
“Except as otherwise expressly provided, whenever in this title, an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.”
The section provides that unless it is expressly said otherwise, an amendment or repeal expressed in this title as an amendment to or repeal of a section or other provision is a reference to a section or other provision of the Internal Revenue Code of 1986.
What the document actually says
“Except as otherwise expressly provided, whenever in this title, an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.”
That sentence, in plain words
When this title names a section on its own, it means the tax code. That holds unless the text says otherwise.
What this is about
The tax code is the Internal Revenue Code of 1986. So a bare section number in this title points there. That saves naming it each time.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall not”Who acts: Secretary of the TreasuryHow: statuteSec. 70001 in the PDF
What the document says
“Section 15 of the Internal Revenue Code of 1986 shall not apply to any change in rate of tax by reason of any provision of, or amendment made by, this title.”
The section provides that section 15 of the Internal Revenue Code of 1986 does not apply to any change in a rate of tax made by a provision of, or an amendment made by, this title.
What the document actually says
“Section 15 of the Internal Revenue Code of 1986 shall not apply to any change in rate of tax by reason of any provision of, or amendment made by, this title.”
That sentence, in plain words
One rule in the tax code is switched off here. It does not reach any rate change made by this title.
What this is about
That rule sits in section 15 of the tax code. What it says is not recorded here. The tax code is not indexed on this site.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Both things the section does: fix what an unqualified section reference means in this title, and switch off section 15 of the tax code for rate changes made by the title.
Nothing in the section is left out. It has two subsections and each is recorded.
The section points to the Internal Revenue Code of 1986, which is not indexed here, so what section 15 of that Code says cannot be checked against anything on this site.
