### Question
How does Tax Treatment of S Corporations and Their Shareholders define last preenactment year?


### Answer
Under *26 U.S.C. § 1379*, **last preenactment year** is defined as:

> the last taxable year of a corporation which begins before January 1, 1983

#### Citation:
  - *26 U.S.C. § 1379*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter S-Tax Treatment of S Corporations and Their Shareholders > PART IV-DEFINITIONS; MISCELLANEOUS**

