§ 1729. — Deferral of capital gains.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1729]
TITLE 25--INDIANS
CHAPTER 19--INDIAN LAND CLAIMS SETTLEMENTS
SUBCHAPTER II--MAINE INDIAN CLAIMS SETTLEMENT
Sec. 1729. Deferral of capital gains
For the purpose of subtitle A of title 26, any transfer by private
owners of land purchased or otherwise acquired by the Secretary with
moneys from the land acquisition fund whether in the name of the United
States or of the respective tribe, nation or band shall be deemed to be
an involuntary conversion within the meaning of section 1033 of title
26.
(Pub. L. 96-420, Sec. 10, Oct. 10, 1980, 94 Stat. 1796; 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'' wherever appearing, which for
purposes of codification was translated as ``title 26'' thus requiring
no change in text.
