United States · Bill · S
S. 1327 (109th)
A bill to amend the Internal Revenue Code of 1986 to modify the active business definition under section 355.
Introduced
29 June 2005
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
Summary
Amends the Internal Revenue Code to treat all members of a corporation's separate affiliated group as one corporation for purposes of determining whether such corporation and its subsidiaries meet the active business test required for corporations seeking nonrecognition of gain from the distribution of property in a reorganization.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 29 June 2005
Introduced in Senate (PDF)
Introduced in Senate · EN · 29 June 2005
Introduced in Senate
summary · EN · 29 June 2005
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/109th-congress/senate-bill/1327
- Open data entity: https://api.congress.gov/v3/bill/109/s/1327