26 U.S.C. § 6050 — Untitled legal text

Page 3378 TITLE 26—INTERNAL REVENUE CODE [§ 6050 such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title. EFFECTIVE DATE OF 1986 AMENDMENT Amendment by section 674 of Pub. L. 99–514 effective Jan. 1, 1987, see section 675(a) of Pub. L. 99–514, as amended, set out as an Effective Date note under sec- tion 860A of this title. Amendment by section 1214(c)(4) of Pub. L. 99–514 ap- plicable to payments made in taxable year of payor be- ginning after Dec. 31, 1986, except as otherwise pro- vided, see section 1214(d) of Pub. L. 99–514, as amended, set out as a note under section 861 of this title. Amendment by section 1501(c)(5) of Pub. L. 99–514 ap- plicable to returns the due date for which (determined without regard to extensions) is after Oct. 22, 1986, see section 1501(e) of Pub. L. 99–514, set out as an Effective Date note under section 6721 of this title. Amendment by section 1803(a)(14)(C) of Pub. L. 99–514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L. 98–369, div. A, to which such amendment relates, see section 1881 of Pub. L. 99–514, set out as a note under section 48 of this title. EFFECTIVE DATE OF 1984 AMENDMENT Amendment by section 42(a)(14) of Pub. L. 98–369 ap- plicable to taxable years ending after July 18, 1984, see section 44 of Pub. L. 98–369, set out as an Effective Date note under section 1271 of this title. Amendment by section 474(r)(29)(J) of Pub. L. 98–369 not applicable with respect to obligations issued before Jan. 1, 1984, see section 475(b) of Pub. L. 98–369, set out as a note under section 33 of this title. EFFECTIVE DATE OF 1983 AMENDMENT Amendment by section 102(a), (e) of Pub. L. 98–67 ef- fective as of close of June 30, 1983, see section 110(b) of Pub. L. 98–67, set out as a note under section 31 of this title. Amendment by section 108(a) of Pub. L. 98–67 applica- ble with respect to payments made after Dec. 31, 1983, see section 110(a) of Pub. L. 98–67, set out as a note under section 31 of this title. EFFECTIVE DATE OF 1982 AMENDMENT Pub. L. 97–248, title III, § 309(c), Sept. 3, 1982, 96 Stat. 595, provided that: ‘‘The amendments made by this sec- tion [amending this section and sections 6041, 6652, and 6678 of this title] shall apply to amounts paid (or treat- ed as paid) after December 31, 1982.’’ EFFECTIVE DATE OF 1969 AMENDMENT Pub. L. 91–172, title IV, § 413(e), Dec. 30, 1969, 83 Stat. 612, provided that: ‘‘The amendments made by this sec- tion [amending this section and section 1232 of this title] shall apply with respect to bonds and other evi- dences of indebtedness issued after May 27, 1969 (other than evidences of indebtedness issued pursuant to a written commitment which was binding on May 27, 1969, and at all times thereafter).’’ EFFECTIVE DATE Section applicable to payments of dividends and in- terest made on or after Jan. 1, 1963, and to payments of amounts described in section 6044(b) of this title made on or after Jan. 1, 1963, with respect to patronage oc- curring on or after the first day of the first taxable year of the cooperative beginning on or after Jan. 1, 1963, see section 19(h) of Pub. L. 87–834, set out as an Ef- fective Date of 1962 Amendment note under section 6042 of this title. SAVINGS PROVISION For provisions that amendment made by Pub. L. 115–141 not apply, in the case of certain repeals, to var- ious types of wages, bonds, property, or other items be- fore specific dates, see section 401(d)(6)(C) of Pub. L. 115–141, set out as a note under former section 1400L of this title. For provisions that nothing in amendment by Pub. L. 115–141 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Mar. 23, 2018, for purposes of determining li- ability for tax for periods ending after Mar. 23, 2018, see section 401(e) of Pub. L. 115–141, set out as a note under section 23 of this title. APPLICABILITY OF CERTAIN AMENDMENTS BY PUB. L. 99–514 IN RELATION TO TREATY OBLIGATIONS OF UNITED STATES For nonapplication of amendment by section 1214(c)(4) of Pub. L. 99–514 to the extent application of such amendment would be contrary to any treaty obli- gation of the United States in effect on Oct. 22, 1986, with provision that for such purposes any amendment by title I of Pub. L. 100–647 be treated as if it had been included in the provision of Pub. L. 99–514 to which such amendment relates, see section 1012(aa)(3), (4) of Pub. L. 100–647, set out as a note under section 861 of this title. PLAN AMENDMENTS NOT REQUIRED UNTIL JANUARY 1, 1989 For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Pub. L. 99–514 require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Pub. L. 99–514, as amended, set out as a note under section 401 of this title. [§ 6050. Repealed. Pub. L. 96–167, § 5(a), Dec. 29, 1979, 93 Stat. 1276] Section, added Pub. L. 91–172, title I, § 121(e)(1), Dec. 30, 1969, 83 Stat. 548; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, provided for a return by transferor of income producing property if the transferee was known to be an organization re- ferred to in section 511(a) or (b) and property had a fair market value in excess of $50,000. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Pub. L. 96–167, § 5(c), Dec. 29, 1979, 93 Stat. 1276, pro- vided that: ‘‘The amendments made by this section [re- pealing this section] shall apply to transfers after the date of the enactment of this Act [Dec. 29, 1979].’’ § 6050A. Reporting requirements of certain fish- ing boat operators (a) Reports The operator of a boat on which one or more individuals, during a calendar year, perform services described in section 3121(b)(20) shall submit to the Secretary (at such time, and in such manner and form, as the Secretary shall by regulations prescribe) information respecting— (1) the identity of each individual per- forming such services; (2) the percentage of each such individual’s share of the catches of fish or other forms of aquatic animal life, and the percentage of the operator’s share of such catches; (3) if such individual receives his share in kind, the type and weight of such share, to- gether with such other information as the Sec- retary may prescribe by regulations reason- ably necessary to determine the value of such share;