Section 1231 - Special Tax Provisions
Title 11 of the United States Code - Bankruptcy
ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME CHAPTER 12
Special Tax Provisions –Section 1231
11 USCS § 1231
(a) 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 [11 USCS § 1225], may not be taxed under any law imposing a stamp tax or similar tax.
(b) The court may authorize the proponent of a plan to request a determination, limited to questions of law, by any 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 [11 USCS § 346] 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.
(c), (d) [Redesignated].
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