DC Zone partnership interest
Defined in 1 place of the United States Code.
The term “DC Zone partnership interest” means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2003, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer's holding period for such interest, such partnership qualified as a DC Zone business.
A rule similar to the rule of paragraph (2)(B) shall apply for purposes of this paragraph.
Source
- 1997–200026 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section
The term “DC Zone partnership interest” means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2004, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer's holding period for such interest, such partnership qualified as a DC Zone business.
A rule similar to the rule of paragraph (2)(B) shall apply for purposes of this paragraph.
Source
- 2000–200526 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section
The term “DC Zone partnership interest” means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2006, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer's holding period for such interest, such partnership qualified as a DC Zone business.
A rule similar to the rule of paragraph (2)(B) shall apply for purposes of this paragraph.
Source
- 2005–200626 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section
The term “DC Zone partnership interest” means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2008, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer's holding period for such interest, such partnership qualified as a DC Zone business.
A rule similar to the rule of paragraph (2)(B) shall apply for purposes of this paragraph.
Source
- 2006–200826 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section
The term “DC Zone partnership interest” means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2010, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer's holding period for such interest, such partnership qualified as a DC Zone business.
A rule similar to the rule of paragraph (2)(B) shall apply for purposes of this paragraph.
Source
- 2008–201026 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section
The term “DC Zone partnership interest” means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2012, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer’s holding period for such interest, such partnership qualified as a DC Zone business.
Source
- 201326 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section
The term "DC Zone partnership interest" means any capital or profits interest in a domestic partnership which is originally issued after December 31, 1997, if—
(A) such interest is acquired by the taxpayer, before January 1, 2012, from the partnership solely in exchange for cash,
(B) as of the time such interest was acquired, such partnership was a DC Zone business (or, in the case of a new partnership, such partnership was being organized for purposes of being a DC Zone business), and
(C) during substantially all of the taxpayer's holding period for such interest, such partnership qualified as a DC Zone business.
A rule similar to the rule of paragraph (2)(B) shall apply for purposes of this paragraph.
Source
- 2010–present26 U.S.C. § 1400BInternal Revenue Code · Zero percent capital gains rate · for purposes of this section