HR 14149 · 95th Congress · Taxation

A bill to amend section 302 of the Internal Revenue Code of 1954 with respect to the redemption of corporate stock held by an estate or trust.

Introduced 1978-09-21· Sponsored by Rep. Treen, David C. [R-LA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-09-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to limit the application of the attribution of ownership rules to a trust or estate which terminates its interest in a corporation through a stock redemption, for purposes of treating the proceeds from the stock redemption as capital gain.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Waggonner, Joe D., Jr. [D-LA-4]