HR 2911 · 109th Congress · Taxation
To amend the Internal Revenue Code of 1986 to modify the active business definition under section 355.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2005-06-15)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only