Bankruptcy Forms: Filing Bankruptcy Chapter 7 Bankruptcy Software Chapter 13

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TITLE 11–BANKRUPTCY

CHAPTER 12– ADJUSTMENT OF DEBTS OF A FAMILY FARMER
WITH REGULAR ANNUAL INCOME


Sub Chapter II – The Plan

Sec. 1231. Special tax provisions

  (a) For the purpose of any State or local law imposing a tax on or 
measured by income, the taxable period of a debtor that is an individual 
shall terminate on the date of the order for relief under this chapter, 
unless the case was converted under section 706 of this title.
    (b) The trustee shall make a State or local tax return of income for 
the estate of an individual debtor in a case under this chapter for each 
taxable period after the order for relief under this chapter during 
which the case is pending.
    (c) The issuance, transfer, or exchange of a security, or the making 
or delivery of an instrument of transfer under a plan confirmed under 
section 1225 of this title, may not be taxed under any law imposing a 
stamp tax or similar tax.
    (d) The court may authorize the proponent of a plan to request a 
determination, limited to questions of law, by a State or local 
governmental unit charged with responsibility for collection or 
determination of a tax on or measured by income, of the tax effects, 
under section 346 of this title and under the law imposing such tax, of 
the plan. In the event of an actual controversy, the court may declare 
such effects after the earlier of--
        (1) the date on which such governmental unit responds to the 
    request under this subsection; or
        (2) 270 days after such request.

(Added and amended Pub. L. 99-554, title II, Sec. 255, title III, 
Sec. 302(f), Oct. 27, 1986, 100 Stat. 3113, 3124; Pub. L. 105-277, div. 
C, title I, Sec. 149(a), Oct. 21, 1998, 112 Stat. 2681-610.)

                         Termination of Section

        For termination of reenactment of this section by section 149(a) 
    of Pub. L. 105-277, see Repeal, Reenactment, and Termination of 
    Chapter note set out under section 1201 of this title.

                          Codification

    Section repealed effective Oct. 1, 1998, by Pub. L. 99-554, title 
III, Sec. 302(f), Oct. 27, 1986, 100 Stat. 3124, as amended by Pub. L. 
103-65, Sec. 1, Aug. 6, 1993, 107 Stat. 311. Section, as in effect on 
Sept. 30, 1998, reenacted by Pub. L. 105-277, div. C, title I, 
Sec. 149(a), Oct. 21, 1998, 112 Stat. 2681-610, for the period beginning 
on Oct. 1, 1998, and ending on Apr. 1, 1999. See Repeal, Reenactment, 
and Termination of Chapter note set out under section 1201 of this 
title.

                  Section Referred to in Other Sections

    This section is referred to in section 106 of this title.

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Note: For affordable legal assistance The Center For Debt Management highly recommends Standard Legal's Do-It-Yourself Bankruptcy Forms Software Kits. For credit repair services,
the most trusted law firm in America with over 15 years of experience is Lexington Law Firm.

For more bankruptcy help and bankruptcy alternatives, go to Bankruptcy Resources

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Legal Resource Center: United States Code TITLE 11 Filing Bankruptcy Forms Software