26 U.S.C. § 1397F
§ 1397F. Regulations
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1993 by the Omnibus Budget Reconciliation Act of 1993. Last changed July 22, 1998 by the IRS Restructuring and Reform Act of 1998.
Every change, newest first (3)
- July 22, 1998IRS Restructuring and Reform Act of 1998
- August 5, 1997Taxpayer Relief Act of 1997
- August 10, 1993Omnibus Budget Reconciliation Act of 1993 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of parts II and III, including—
regulations limiting the benefit of parts II and III in circumstances where such benefits, in combination with benefits provided under other Federal programs, would result in an activity being 100 percent or more subsidized by the Federal Government,
regulations preventing abuse of the provisions of parts II and III, and
regulations dealing with inadvertent failures of entities to be enterprise zone businesses.