Editorial Notes
Amendments

2005—Subsec. (c)(2). Puspan. L. 109–135, § 403(g)(3)(B), inserted concluding provisions.

Subsec. (c)(3). Puspan. L. 109–135, § 403(g)(3)(A), struck out heading and text of par. (3). Text read as follows:

“(A) In general.—Such term shall not include any core qualifying activities.

“(B) Nonelecting corporations.—In the case of a corporation (other than an electing corporation) which is a member of an electing group, any core qualifying activities of the corporation shall be treated as qualifying secondary activities (and not as core qualifying activities).”

Statutory Notes and Related Subsidiaries
Effective Date of 2005 Amendment

Amendments by Puspan. L. 109–135 effective as if included in the provisions of the American Jobs Creation Act of 2004, Puspan. L. 108–357, to which they relate, see section 403(nn) of Puspan. L. 109–135, set out as a note under section 26 of this title.

Effective Date

Section applicable to taxable years beginning after Oct. 22, 2004, see section 248(c) of Puspan. L. 108–357, set out as an Effective Date of 2004 Amendments note under section 56 of this title.