[§1397E. Repealed. Pub. L. 115–97, title I, § 13404(c)(1), Dec. 22, 2017, 131 Stat. 2138 — repealed] — Inbound Citations

Citations to 26 U.S.C. § 1397E as a whole

• 26 U.S.C. § 853A(a)

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  (a) A regulated investment company—

  (1) which holds (directly or indirectly) one or more tax credit bonds on one or more applicable dates during the taxable year, and

  (2) which meets the requirements of section 852(a) for the taxable year (determined after the application of this section),

  may elect the application of this section with respect to some or all of the credits allowable (determined without regard to this section and sections 54(c), 54A(c)(1), 54AA(c)(1), and 1397E(c))¹ to the investment company during such taxable year with respect to such bonds.