46 USC § 53312
Assessment and collection of deficiency tax
through Pub. L. 116-344, except Pub. Ls. 116-260 and 116-283

Notwithstanding any other provision of law, a deficiency in tax for a taxable year resulting from the inclusion of an amount in gross income as provided by section 53311 of this title, and the amount to be treated as a deficiency under section 53311 instead of as an adjustment for the declared value excess profits tax, may be assessed or a civil action may be brought to collect the deficiency without assessment, at any time. Interest on a deficiency or amount to be treated as a deficiency does not begin until the date the deposited gain or part of the deposited gain in question is required to be included in gross income under section 51111.

Open Table
Historical and Revision Notes


Source (U.S. Code) Source (Statutes at Large)
53312 46 App.:1161(j). June 29, 1936, ch. 858, title V, §511(j), as added Oct. 10, 1940, ch. 849, 54 Stat. 1108.

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