Section, acts [Aug. 16, 1954, ch. 736], [68A Stat. 72]; Feb. 26, 1964, [Pub. L. 88–272, title I, § 123(c)], [78 Stat. 30], allowed to corporations as a deduction the amount received as interest on obligations of the United States or on obligations of corporations organized under Acts of Congress which are instrumentalities of the United States under certain conditions.
Effective Date of Repeal
Repeal effective for taxable years beginning after Dec. 31, 1976, see [section 1901(d) of Pub. L. 94–455], set out as an Effective Date of 1976 Amendment note under [section 2 of this title].
