Editorial Notes

References in Text

Section 7 of the Fair Labor Standards Act of 1938, referred to in subsec. (c)(1), is classified to section 207 of Title 29, Labor.

Prior Provisions

A prior section 225 was renumbered section 226 of this title.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable to taxable years beginning after Dec. 31, 2024, see section 70202(g) of Pub. L. 119–21, set out as an Effective Date of 2025 Amendment note under section 63 of this title.