Legislators
Bills
Statements
Lobbying
Travel
- Bills
- S.612
S.612: A bill 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 Cosponsor
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 |
---|---|
Sponsor introductory remarks on measure.
|
|
Read twice and referred to the Committee on Finance.
|
|
April 17, 1997 |
Introduced in the Senate by William V. Roth Jr. (R-Del.) |