Section 2718 of the Public Health Service Act, referred to in subsec. (c)(5), is classified to section 300gg–18 of Title 42, The Public Health and Welfare.
2014—Subsec. (b)(3)(E). Pub. L. 113–295 struck out “, 244,” after “sections 243” in cl. (ii) and in concluding provisions.
Subsec. (c)(5). Pub. L. 113–235 substituted “paragraphs (2) and (3) of subsection (a)” for “this section” and inserted “and for activities that improve health care quality” after “clinical services”.
2010—Subsec. (c)(5). Pub. L. 111–148 added par. (5).
1997—Subsec. (b)(1)(A)(i). Pub. L. 105–34, § 1604(d)(2)(A)(i), inserted “and liabilities incurred during the taxable year under cost-plus contracts” before the comma.
Subsec. (b)(1)(A)(ii). Pub. L. 105–34, § 1604(d)(2)(A)(ii), inserted “or in connection with the administration of cost-plus contracts” before the last comma.
1996—Subsec. (c)(4). Pub. L. 104–191 added par. (4).
Amendment by Pub. L. 113–295 not applicable to preferred stock issued before
Except as otherwise provided in section 221(a) of Pub. L. 113–295, amendment by Pub. L. 113–295 effective
Pub. L. 113–235, div. N, § 102(b),
Pub. L. 111–148, title IX, § 9016(b),
Pub. L. 105–34, title XVI, § 1604(d)(2)(B),
Pub. L. 104–191, title III, § 351(b),
Pub. L. 99–514, title X, § 1012(c), “(1) The amendments made by this section [enacting this section and amending section 501 of this title] shall apply to taxable years beginning after “(2) The Secretary of the Treasury or his delegate shall conduct a study of organizations described in section 501(c)(8) of the Internal Revenue Code of 1986 and which received gross annual insurance premiums in excess of $25,000,000 for the taxable years of such organizations which ended during 1984. Not later than “(3) “(A) In the case of any existing Blue Cross or Blue Shield organization (as defined in section 833(c)(2) of the Internal Revenue Code of 1986 as added by this section)—“(i) no adjustment shall be made under section 481 (or any other provision) of such Code on account of a change in its method of accounting for its 1st taxable year beginning after “(ii) for purposes of determining gain or loss, the adjusted basis of any asset held on the 1st day of such taxable year shall be treated as equal to its fair market value as of such day.“(B) For purposes of section 833(b)(3)(B), the surplus of any organization as of the beginning of its 1st taxable year beginning after “(C) Any reserve weakening after “(4) “(A) The amendments made by this section shall not apply with respect to that portion of the business of Mutual of America which is attributable to pension business.“(B) The amendments made by this section shall not apply to that portion of the business of the Teachers Insurance Annuity Association-College Retirement Equities Fund which is attributable to pension business.“(C) The amendments made by this section shall not apply to—“(i) the retirement fund of the YMCA,“(ii) the Missouri Hospital Plan,“(iii) administrative services performed by municipal leagues, and“(iv) dental benefit coverage provided by a Delta Dental Plans Association organization through contracts with independent professional service providers so long as the provision of such coverage is the principal activity of such organization.“(D) For purposes of this paragraph, the term ‘pension business’ means the administration of any plan described in section 401(a) of the Internal Revenue Code of 1954 [now 1986] which includes a trust exempt from tax under section 501(a), any plan under which amounts are contributed by an individual’s employer for an annuity contract described in section 403(b) of such Code, any individual retirement plan described in section 408 of such Code, and any eligible deferred compensation plan to which section 457(a) of such Code applies.”
[The due date for the report referred to in section 1012(c)(2) of Pub. L. 99–514, set out above, extended to
Pub. L. 105–277, div. J, title IV, § 4003(g),
Pub. L. 105–34, title X, § 1042, “(a) Subparagraphs (A) and (B) of section 1012(c)(4) of the Tax Reform Act of 1986 [Pub. L. 99–514, set out as an Effective Date note above] shall not apply to any taxable year beginning after “(b) In the case of an organization to which section 501(m) of the Internal Revenue Code of 1986 applies solely by reason of the amendment made by subsection (a)—“(1) no adjustment shall be made under section 481 (or any other provision) of such Code on account of a change in its method of accounting for its first taxable year beginning after “(2) for purposes of determining gain or loss, the adjusted basis of any asset held on the 1st day of such taxable year shall be treated as equal to its fair market value as of such day.“(c) Any reserve weakening after “(d) The Secretary of the Treasury or his delegate may prescribe rules for providing proper adjustments for organizations described in subsection (b) with respect to short taxable years which begin during 1998 by reason of section 843 of the Internal Revenue Code of 1986.”
Pub. L. 100–647, title I, § 1010(b)(3),