26 U.S.C. § 2104
§ 2104. Property within the United States
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Part of the code since 1954. Last changed December 19, 2014 by the Tax Increase Prevention Act of 2014.
Every change, newest first (10)
- December 19, 2014Tax Increase Prevention Act of 2014
- August 10, 2010Public Law 111-226
- August 20, 1996Small Business Job Protection Act of 1996
- November 10, 1988Technical and Miscellaneous Revenue Act of 1988
- October 4, 1976Tax Reform Act of 1976
- January 3, 1975Public Law 93-625
- April 10, 1973Public Law 93-17
- December 30, 1969Tax Reform Act of 1969
- November 13, 1966Public Law 89-809
- August 16, 1954Internal Revenue Code of 1954 (original text)
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Structure
For purposes of this subchapter shares of stock owned and held by a nonresident not a citizen of the United States shall be deemed property within the United States only if issued by a domestic corporation.
For purposes of this subchapter, any property of which the decedent has made a transfer, by trust or otherwise, within the meaning of sections 2035 to 2038, inclusive, shall be deemed to be situated in the United States, if so situated either at the time of the transfer or at the time of the decedent’s death.
For purposes of this subchapter, debt obligations of—
a United States person, or
the United States, a State or any political subdivision thereof, or the District of Columbia,
owned and held by a nonresident not a citizen of the United States shall be deemed property within the United States. Deposits with a domestic branch of a foreign corporation, if such branch is engaged in the commercial banking business, shall, for purposes of this subchapter, be deemed property within the United States. This subsection shall not apply to a debt obligation to which section 2105(b) applies.