A bill to amend section 337 of the Internal Revenue Code of 1954 with respect to the recognition of gain or loss on sales or exchanges in connection with certain liquidations.

referredUnited States· United States Congress· EN

Introduced

5 August 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to exclude certain long term post production gains from those recognized when collapsible corporations are liquidated. Expands the class of gains recognized for liquidated corporations with net losses for the two year period preceeding liquidation.

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Documents

1 official file

Introduced in House
summary · EN · 5 August 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/8857
Open data entity: https://api.congress.gov/v3/bill/95/hr/8857