§ 277d-23. — Taxation; exclusion from gross income.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 22USC277d-23]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER IV--INTERNATIONAL BOUNDARY AND WATER COMMISSION
Sec. 277d-23. Taxation; exclusion from gross income
No amount received as an award under subsection a. and subsections
b. (1) and (3) of section 277d-19 of this title shall be included in
gross income for purposes of chapter 1 of title 26. However, amounts
received under subsection b. (1) shall be included in gross income to
the extent that such amounts are not used within one year of the receipt
thereof to purchase replacement housing or facilities.
(Pub. L. 88-300, Sec. 7, Apr. 29, 1964, 78 Stat. 186; Pub. L. 99-514,
Sec. 2, Oct. 22, 1986, 100 Stat. 2095.)
Amendments
1986--Pub. L. 99-514 substituted ``Internal Revenue Code of 1986''
for ``Internal Revenue Code of 1954'', which for purposes of
codification was translated as ``title 26'' thus requiring no change in
text.
Section Referred to in Other Sections
This section is referred to in sections 277d-17, 277d-18, 277d-22,
277d-24, 277d-25 of this title.
