26 USC § 116 - Repealed. Pub. L. 99–514, title VI, § 612(a), Oct. 22, 1986, 100 Stat. 2250]
---
identifier: "/us/usc/t26/s116"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 116 - Repealed. Pub. L. 99–514, title VI, § 612(a), Oct. 22, 1986, 100 Stat. 2250]"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "116"
section_name: "Repealed. Pub. L. 99–514, title VI, § 612(a), Oct. 22, 1986, 100 Stat. 2250]"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "B"
subchapter_name: "Computation of Taxable Income"
part_number: "III"
part_name: "ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
status: "repealed"
---
# [§ 116. Repealed. Pub. L. 99–514, title VI, § 612(a), Oct. 22, 1986, 100 Stat. 2250]
Section, acts , ; , , ; , , ; , , (d)(6)(C), ; , , ; , , §§ 1051(h)(2), 1053(d)(1), title XIX, § 1901(a)(20), , 1649, 1766; , , ; , , ; , , , authorized partial exclusion of dividends received by individuals.
## Statutory Notes and Related Subsidiaries
### Effective Date of Repeal
Repeal applicable to taxable years beginning after , see , set out as an Effective Date of 1986 Amendment note under .