To amend the Internal Revenue Code of 1986 to properly characterize certain redemptions of stock held by corporations.
Referred to the House Committee on Ways and Means.
Congressional Research Service
Official summary
Version 00 · Introduced in House · May 3, 1995
Amends the Internal Revenue Code to characterize as a redemption in part or full payment in exchange for stock a distribution in redemption of corporate-held stock if: (1) the redemption is part of a partial liquidation or not pro rata as to all shareholders; and (2) the corporation holding the stock would otherwise be entitled to a dividends received deduction.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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