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U.S. Code as of:
01/19/04
Section 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.
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