A bill to amend the Internal Revenue Code of 1954 to make technical amendments in the provisions relating to general stock ownership corporations.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code, with respect to general stock ownership corporations, to: (1) allow the transfer of a share of stock in such a corporation to the estate of a deceased shareholder; (2) declare the penalty tax for failure to make minimum annual distributions a deductible ordinary and necessary expense of such a corporation; and (3) make technical amendments.…