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United States · Bill · S

S. 3288 (94th)

A bill to amend section 543 (a) of the Internal Revenue Code of 1954 relating to the definition of personal holding company income.

referredUnited States· United States Congress· EN

Introduced

12 April 1976

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Amends the Internal Revenue Code with respect to the definition of the term "personal holding company income" to exclude from the term dividends or rents, and compensation which consists of the use of, or the right to use, tangible or intangible property of a corporation used in the active trade or business of a corporation of which 25 percent or more in value of the outstanding stock of the corporation is owned by an individual or trust entitled to use the tangible or intangible property.

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Documents

1 official file

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Sources

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