A bill to amend the Internal Revenue Code of 1954 to treat the acquisition by certain corporations of their own stock or that of an affiliate as a distribution of property to the corporation's remaining shareholders.

openUnited States· United States Congress· EN

Introduced

29 June 1982

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Summary

Amends the Internal Revenue Code to provide that when a publicly-traded corporation purchases its own stock, or the stock of an affiliate, the purchase shall be taxed as a distribution of property to the shareholders of the corporation.

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Votes

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 29 June 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/2689
Open data entity: https://api.congress.gov/v3/bill/97/s/2689