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. 8069

Sec. 8069. Taxes on failure to distribute income

92 words·~1 min read·/bill/113/hr/1/ih/section-8069

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(2)of section 4942(f) is amended by striking the semicolon at the end of subparagraph

(B)and inserting , and , by striking ; and at the end of subparagraph

(C)and inserting a period, and by striking subparagraph (D). Subsection

(g)of section 4942 (as amended by this Act) is amended— by striking For all taxable years beginning on or after January 1, 1975, subject in paragraph (2)(A) and inserting Subject , and by striking paragraph (4). Section 4942(i)(2) is amended by striking beginning after December 31, 1969, and .