S 3509 · 95th Congress · Taxation

A Bill to amend the Internal Revenue Code of 1954.

Introduced 1978-09-20· Sponsored by Sen. Johnston, J. Bennett [D-LA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-09-20)

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