A bill to amend the Internal Revenue Code of 1954 to disregard the attribution between limited partners of stock of a publicly-owned investment company for purposes of determining whether such company is a personal holding company or regulated investment company.

Summary

Amends the Internal Revenue Code to provide that an otherwise qualifying regulated investment company shall not be treated as a personal holding company if: (1) during the second half of the company's taxable year it had at least 100 actual shareholders; and (2) it does not meet the personal holding company stock ownership test applied without attribution of stock ownership to or from a limited partner.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 4 August 1983

  Open at official source

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