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- H.R.1551
H.R.1551: To amend the Internal Revenue Code of 1986 to properly characterize certain redemptions of stock held by corporations.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced May 3, 1995
- Latest Major Action May 3, 1995
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to characterize as a redemption in part or full payment in exchange for stock a distribution in redemption of corporate-held stock if: (1) the redemption is part of a partial liquidation or not pro rata as to all shareholders; and (2) the corporation holding the stock would otherwise be entitled to a dividends received deduction.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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May 3, 1995 |
Introduced in the House by Bill Archer (R-Texas) |