) shall be $500 in lieu of $1,000." Subsec. (b)(3). Pub. L. 94–455, §501(b)(6), struck out last sentence "If the taxpayer elects to pay the optional tax imposed by section 3, 'taxable income' as used in this subsection shall read as 'adjusted gross income'." 1969—Subsec. (b). Pub. L. 91–172 provided for only 50 percent of an individual's long-term

(a) Skip personFor purposes of this chapter, the term "skip person" means— (1) a natural person assigned to a generation which is 2 or more generations below the generation assignment of the transferor, or (2) a trust— (A) if all interests in such trust are held by skip persons, or (B

products and cigarette papers and tubes not property packagedAll tobacco products and cigarette papers and tubes not in packages as required under section 5723 or which are in packages not bearing the marks, labels, and notices, as required under such section, which, after removal, are possessed otherwise than with intent to defraud the United States, shall be forfeited to the United States. This

and special rulesFor purposes of this section— (1) Applicable individualThe term "applicable individual" means, with respect to any plan amendment— (A) each participant in the plan, and (B) any beneficiary who is an alternate payee (within the meaning of section 414(p)(8

(a) Section 503(e) and §§1.503(e)-1 and 1.503(e)-3 are effective in the case of an employees' trust described in section 401(a) for taxable years ending after March 15, 1956. Thus, if during a taxable year ending before March 16, 1956, an employees' trust made a loan which meets the requirements of section 503(e), such loan will not be treated as made without

(b) To accomplish this objective, it is necessary to obtain certain information relative to the hazards which may be introduced into the workplace by the supplies being acquired. Accordingly, offerors and contractors are required to submit hazardous materials data whenever the supplies being acquired are identified as hazardous materials. The latest version of Federal Standard No. 313 (Material Safety Data Sheet, Preparation and Submission of) includes criteria for

(a) You must maintain continuous OSFR coverage for all your leases, permits, and RUEs with COFs for which you are the designated applicant. (b) You must ensure that new OSFR evidence is submitted before your current evidence lapses or is canceled and that coverage for your new COF is submitted before the COF goes into operation. (c) If you use self-insurance to demonstrate OSFR and find that you no

If the employer is a State or political subdivision thereof, or an agency or instrumentality of any one or more of the foregoing, the return of the amount deducted and withheld upon any wages under section 3101 and the amount of the tax imposed by section 3111

§1.863-4. To determine the source of gross income described in paragraph (a)(2) of this section, see §1.863-1 for natural resources and see §1.863-3 for other inventory. Taxpayers, at their election, may apply the principles of

(d) For other than indefinite delivery contracts, the contract does not provide for progress payments. [72 FR 73220, Dec. 26, 2007]

section 25(g) to file a report with the Secretary who fails to file the report with respect to any mortgage credit certificate at the time and in the manner required by the Secretary shall pay a penalty of $200 for such failure unless it is shown that such failure is due to reasonable cause and not to willful neglect. In the case of any report required under the second sentence of