[Code of Federal Regulations] [Title 26, Volume 11] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.1377-3] [Page 782] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) PART 1_INCOME TAXES--Table of Contents Sec. 1.1377-3 Effective dates. Section 1.1377-1 and 1.1377-2 apply to taxable years of an S corporation beginning after December 31, 1996, except that Sec. 1.1377- 1(a)(2)(iii), and (c) Example 3 are applicable for taxable years beginning on and after May 14, 2002. [T.D. 8994, 67 FR 34401, May 14, 2002]