Code · BILL · 113th Congress · H.R. 1 (Introduced in House) — To amend the Internal Revenue Code of 1986 to provide for comprehensive tax reform. · Sec. 8022

Sec. 8022. Distributions of property

46 words·~1 min read·/bill/113/hr/1/ih/section-8022

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(3)of section 301(c) is amended to read as follows: That portion of the distribution which is not a dividend, to the extent that it exceeds the adjusted basis of the stock, shall be treated as gain from the sale or exchange of property. .