To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property.

referredUnited States· United States Congress· EN

Introduced

21 January 2010

Last action

—

Status

Referred to the House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to treat securities and nonqualified preferred stock paid to a parent corporation by a subsidiary in a corporate reorganization as cash payments, thus subjecting the gain attributable to such payments to tax.

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Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 21 January 2010
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Introduced in House (PDF)
Introduced in House · EN · 21 January 2010
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Introduced in House
summary · EN · 21 January 2010
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Sources

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Official source: https://www.congress.gov/bill/111th-congress/house-bill/4486
Open data entity: https://api.congress.gov/v3/bill/111/hr/4486