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- H.R.1365
H.R.1365: To amend section 355 of the Internal Revenue Code of 1986 to prevent the avoidance of corporate tax on prearranged sales of corporate stock, and for other purposes.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced April 17, 1997
- Latest Major Action April 17, 1997
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to regulate the recognition of gain when there is a distribution of stock or securities that is part of a plan (or series of related transactions) pursuant to which a person acquires stock representing a 50 percent or greater interest in the distributing corporation or any controlled corporation (or any successor of either). Presumes the existence of such a plan in certain circumstances (unless disproved).
(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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April 17, 1997 |
Introduced in the House by Bill Archer (R-Texas) |