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.
Section repealed effective Oct. 1, 1998, by Pub.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
Section Referred to in Other Sections
This section is referred to in section 106 of this title.