The larger Education Act of 1965, known in subsec. (f)(5)(A)(i), (ii), is Pub. L. 89–329, Nov. 8, 1965, 79 Stat. 1219. Component D of name IV associated with the Act is classified generally speaking to part D (§ 1087a et seq. ) of subchapter IV of chapter 28 of Title 20, Education. Parts 437 and 464(c)(1 f that is)( regarding the Act are categorized to parts 1087 and 1087dd(c)(1)(F), correspondingly, of Title 20. For complete classification with this Act towards the Code, see area 1 of Pub. L. 89–329, put down being A title that is short note part 1001 of Title 20 and Tables.
2018—Subsec. (a)(1)(E). Pub. L. 115–123 replaced “ January 1, 2018 ” for “ January 1, 2017 ” in 2 places.
2017—Subsec. (f)(5). Pub. L. 115–97 included par. (5).
2015—Subsec. (a)(1 E that is)(). Pub. L. 114–113, § 151(b), substituted “discharged—” for “discharged before January 1, 2017. ” and included cls. (i) and (ii).
Pub. L. 114–113, § 151(a), replaced “ January 1, 2017 ” for “ January 1, 2015 ”.
2014—Subsec. (a)(1 E that is)(). Pub. L. 113–295 replaced “ January 1, 2015 ” for “ January 1, 2014 ”.
2013—Subsec. (a)(1)(E). Pub. L. 112–240 replaced “ January 1, 2014 ” for “ January 1, 2013 ”.
2010—Subsec. (f)(4). Pub. L. 111–148 amended par. (4) generally speaking. Ahead of amendment, text read since follows: “In the truth of a person, gross earnings shall perhaps perhaps perhaps not consist of any quantity gotten under area 338B(g) associated with the Public wellness provider Act or under a situation system described in section 338I of these Act. ”
2009—Subsec. (i). Pub. L. 111–5 included subsec. (i).
2008—Subsec. (a)(1)(E). Pub. L. 110–343 replaced “ January 1, 2013 ” for “ January 1, 2010 ”.
2004—Subsec. ( ag ag e)(8). Pub. L. 108–357, § 896(a), amended going and text of par. (8) generally speaking. Ahead of amendment, text read the following: “For purposes of determining earnings of the debtor from release of indebtedness, in case a debtor business transfers stock to a creditor in satisfaction of its indebtedness, such organization will probably be addressed as having pleased the indebtedness with a quantity of income corresponding to the reasonable market worth associated with stock. ”
2002—Subsec. (d)(7)(A). Pub. L. 107–147 inserted “, including by not taking into consideration under section 1366(a) any quantity excluded under subsection (a) with this part” before period at end.
1998—Subsec. (f)(2). Pub. L. 105–206, § 6004(f)(1), amended concluding provisions generally speaking. Just before amendment, concluding conditions read the following: “The term ‘student loan’ includes any loan produced by an academic organization so described or by an organization exempt from taxation under area 501(a) to refinance that loan meeting certain requirements regarding the preceding phrase. ”
Subsec. (f)(3). Pub. L. 105–206, § 6004(f)(2), hit away “(or by a business described in paragraph (2)( E) from funds supplied by a business described in paragraph (2)(D))” after “paragraph (2)(D)”.
1997—Subsec. (f)(2). Pub. L. 105–34, § 225(a)(1), included subpar. (D) and concluding conditions and hit away subpar that is former. (D) which read the following: “any academic company so described pursuant to an understanding with any entity described in subparagraph (A), (B), or (C) under that the funds from where the loan ended up being made were supplied to such academic company. ”
1996—Subsec. (d)(9)(A). Pub. L. 104–188 replaced “paragraph (3)(C)” for “paragraph (3)(B)”.
Subsec. (a)(2)(B). Pub. L. 103–66, § 13150(c)(2), amended heading and text of subpar. (B) generally speaking. Ahead of amendment, text read the following: “Subparagraph (C) of paragraph (1) shall perhaps not affect a release towards the degree the taxpayer is insolvent. ”
Subsec. (b)(2 C that is (E). Pub. L. 103–66, § 13226(b)(1), included subpar. (C) and redesignated subpars that are former. (C) and (D) as (D) and (E), correspondingly. Previous subpar. (E) redesignated (F).
Subsec. (b)(2)(F). Pub. L. 103–66, § 13226(b)(2), included subpar. (F). Previous subpar. (F) redesignated (G).
Subsec. (b)(3)(B). Pub. L. 103–66, § 13226(b)(3)(A), amended going and text of subpar. (B) generally. Just before amendment, text read the following: “The reductions described in subparagraphs (B) and ( ag E) of paragraph (2) will probably be 33? cents for every single buck excluded by subsection (a). ”
Subsec. (b)(4)(B). Pub. L. 103–66, § 13226(b)(3)(B), substituted “(D)” for “(C)” in going and text.
Subsec. (b)(4 C that is)(). Pub. L. 103–66, § 13226(b)(3)(C), substituted “(G)” for “(E)” in going and text.
Subsec. (d). Pub. L. 103–66, § 13150(c)(3)(B), substituted “certain provisions” for “subsections (a), (b) and (g)” in heading.
Subsec. (d)(6), (7)(A). Pub. L. 103–66, § 13150(c)(3)(A), (C), substituted “Certain provisions” for “Subsections (a), (b) and (g)” in heading and “subsections (a), (b), (c), and (g)” for “subsections (a), (b), and (g)” in text.
Subsec. (d)(7)(B). Pub. L. 103–66, § 13150(c)(4), placed at end “The preceding phrase shall perhaps perhaps maybe not connect with any release to your degree that subsection (a)(1)(D) pertains to such release. ”
Subsec. (d)(9)(A). Pub. L. 103–66, § 13150(c)(5), inserted “or underneath paragraph (3)(B) of subsection (c)” after “subsection (b)”.
Subsec. ( ag e)(6). Pub. L. 103–66, § 13226(a)(2)(B), replaced “Except as supplied in regulations, for” for “For”.
Subsec. ( ag ag ag e)(8). Pub. L. 103–66, § 13226(a)(1)(B), amended heading and text of par. (8) generally speaking. Ahead of amendment, text read the following: “For purposes of determining earnings for the debtor from release of indebtedness, the stock for financial obligation exclusion shall perhaps not apply—
“(A) into the issuance of nominal or shares that are token or
“(B) with regards to a creditor that is unsecured where in fact the ratio regarding the worth regarding the stock gotten by such unsecured creditor towards the number of his indebtedness terminated or exchanged for stock within the exercise is not as much as 50 % of the same ratio computed for several unsecured creditors taking part in the work out.
Any stock that is disqualified stock (as defined in paragraph (10)(B)(ii)) shall never be addressed as stock for purposes advance financial with this paragraph. ”
Subsec. ( ag ag e)(10), (11). Pub. L. 103–66, § 13226(a)(1)(A), redesignated par. (11) as (10) and hit away par that is former. (10) which pertaining to satisfaction of indebtedness by transfer of corporation’s stock.
Subsec. (g)(3)(B). Pub. L. 103–66, § 13226(b)(3)(D), substituted “subparagraphs (A), (B), (C), (D), (F), and (G)” for “subparagraphs (A), (B), (C), and (E)” and “subparagraphs (B), (C), and (G)” for “subparagraphs (B) and (E)” and placed before duration at end “and the feature described in subparagraph (F) of subsection (b)(2) to your degree due to any passive task credit carryover”.
1990—Subsec. ( e)(8). Pub. L. 101–508, § 11325(b)(2), placed supply at end that any stock which will be a stock that is disqualified as therefore defined, never be addressed as stock for purposes of the paragraph.
Subsec. ( e)(10)(B). Pub. L. 101–508, § 11325(b)(1), replaced heading for the one which read: “Exception for name 11 instances and insolvent debtors” and amended text generally. Ahead of amendment, text read the following: “Subparagraph (A) shall maybe not use into the full instance of the debtor in a name 11 instance or even the degree the debtor is insolvent. ”
Subsec. (g)(1)(B). Pub. L. 101–508, § 11813(b)(6), replaced “section 49(a)(1)(D)(iv)” for “section 46(c)(8)(D)(iv)”.
Subsec. (a)(2). Pub. L. 100–647, § 1004(a)(2), amended par. (2) generally speaking. Ahead of amendment, par. (2) read as follows: “Subparagraph (B) of paragraph (1) shall not connect with a discharge which happens in a name 11 situation. ”
Subsec. (b). Pub. L. 100–647, § 1004(a)(3), struck down “in name 11 insolvency or case” after “Reduction of tax characteristics” in heading and replaced “subparagraph (A), (B), or (C)” for “subparagraph (A) or (B)” in text of par. (1).
Subsec. (d). Pub. L. 100–647, § 1004(a)(6)(B), which directed amendment of subsec. (d) going by replacing “subsections (a), (b), and g that is(” for “subsections (a), and (b)”, had been performed by simply making the replacement for “subsections (a) and (b)” because the likely intent of Congress.
Subsec. (d)(6). Pub. L. 100–647, § 1004(a)(6)(A), (C), substituted “Subsections (a), (b), and g that is(” for “Subsections (a) and (b)” in going and “subsections (a), (b), and (g)” for “subsections (a) and (b)” in text.
Subsec. (d)(7)(A). Pub. L. 100–647, § 1004(a)(6)(A), (C), replaced “Subsections (a), (b), and (g)” for “Subsections (a) and (b)” in heading and “subsections (a), (b), and (g)” for “subsections (a) and (b)” in text.
