Section 1231 - Special Tax Provisions

Title 11 of the United States Code - Bankruptcy

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].

The US Bankruptcy Code, Title 11 (Bankruptcy) is arranged here in sections for your convenience.  This is the entire Bankruptcy Code and describes in detail Chapter 7 bankruptcy, Chapter 11 bankruptcy, Chapter 13 bankruptcy, and all other sections of the BK Code.  We have provided this to you because Sagaria Law promotes a “knowledge is power” approach to bankruptcy.  You will not see The Bankruptcy Code like this, in its entirety, on other bankruptcy sites.
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