26 U.S.C. § 676
Power to revoke
United States · Title 26 — INTERNAL REVENUE CODE · Status: effective
Cite this
- Citation
- 26 U.S.C. § 676, Power to revoke, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/462644
- Permanent ID
ys:prov:462644@1- SHA-256
f4ddf81e4f9673204f7b480cea357b54711c5926c53c582f749817f9a050ea76
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Full text
The grantor shall be treated as the owner of any portion of a trust, whether or not he is treated as such owner under any other provision of this part, where at any time the power to revest in the grantor title to such portion is exercisable by the grantor or a non-adverse party, or both.
Subsection (a) shall not apply to a power the exercise of which can only affect the beneficial enjoyment of the income for a period commencing after the occurrence of an event such that a grantor would not be treated as the owner under section 673 if the power were a reversionary interest. But the grantor may be treated as the owner after the occurrence of such event unless the power is relinquished.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Tax Reform Act of 1986House: no recorded tallySenate: no recorded tally