Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section301&num=0&edition=prelim
Timestamp: 2020-08-04 18:01:53
Document Index: 737415506

Matched Legal Cases: ['§ 301', '§2', '§5', '§231', '§1', '§1', '§104', '§211', '§905', '§312', '§205', '§1901', '§3', '§54', '§712', '§612', '§1804', '§10222', '§1006', '§2004', '§302', '§221', '§1006', '§1804', '§54', '§3', '§205', '§312', '§211', '§13', '§10222', '§2004', '§612', '§61', '§3', '§312', '§211', '§2', '§5', '§2', '§634', '§11831']

[USC02] 26 USC 301: Distributions of property
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26 USC 301: Distributions of property Text contains those laws in effect on August 3, 2020
The amount of any distribution determined under paragraph (1) shall be reduced (but not below zero) by-
In the case of a distribution to which subsection (a) applies-
For purposes of this subsection, the term "20 percent corporate shareholder" means, with respect to any distribution, any corporation which owns (directly or through the application of section 318)-
(Aug. 16, 1954, ch. 736, 68A Stat. 84 ; Pub. L. 87–403, §2(a), Feb. 2, 1962, 76 Stat. 5 ; Pub. L. 87–834, §§5(a), (b), 13(f)(2), Oct. 16, 1962, 76 Stat. 977 , 1035; Pub. L. 88–272, title II, §231(b)(2), Feb. 26, 1964, 78 Stat. 105 ; Pub. L. 88–484, §1(b)(1), Aug. 22, 1964, 78 Stat. 597 ; Pub. L. 89–570, §1(b)(2), Sept. 12, 1966, 80 Stat. 762 ; Pub. L. 89–809, title I, §104(f), Nov. 13, 1966, 80 Stat. 1559 ; Pub. L. 91–172, title II, §211(b)(1), (2), title IX, §905(b)(2), Dec. 30, 1969, 83 Stat. 570 , 714; Pub. L. 92–178, title III, §312(a), Dec. 10, 1971, 85 Stat. 526 ; Pub. L. 94–455, title II, §205(c)(1)(B), (C), title XIX, §§1901(a)(41), (b)(32)(A), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1535 , 1771, 1800, 1834; Pub. L. 95–628, §3(a), (b), Nov. 10, 1978, 92 Stat. 3627 ; Pub. L. 98–369, div. A, title I, §§54(b), 61(d), title VII, §712(i)(1), July 18, 1984, 98 Stat. 569 , 582, 948; Pub. L. 99–514, title VI, §612(b)(1), title XVIII, §1804(f)(2)(B), Oct. 22, 1986, 100 Stat. 2250 , 2805; Pub. L. 100–203, title X, §10222(b)(1), Dec. 22, 1987, 101 Stat. 1330–411 ; Pub. L. 100–647, title I, §1006(e)(10)–(12), title II, §2004(j)(3)(B), Nov. 10, 1988, 102 Stat. 3401 , 3402, 3605; Pub. L. 108–27, title III, §302(e)(2), May 28, 2003, 117 Stat. 763 ; Pub. L. 113–295, div. A, title II, §221(a)(41)(G), Dec. 19, 2014, 128 Stat. 4044 .)
2014-Subsec. (e)(2). Pub. L. 113–295 struck out ", 244," after "section 243" in concluding provisions.
2003-Subsec. (f)(4). Pub. L. 108–27 added par. (4).
1988-Subsec. (b)(1). Pub. L. 100–647, §1006(e)(10), amended par. (1) generally. Prior to amendment, par. (1) contained subpars. (A) to (D) which provided what the amount of any distribution would be for noncorporate distributees, corporate distributees, certain corporate distributees of foreign corporations, and foreign corporate distributees.
1987-Subsec. (f)(1). Pub. L. 100–203 substituted "subsections (k) and (n)" for "subsection (n)".
1986-Subsec. (f)(3). Pub. L. 99–514, §1804(f)(2)(B), substituted "this subsection" for "this section".
1984-Subsec. (e). Pub. L. 98–369, §54(b), added subsec. (e). Former subsec. (e) redesignated (f).
1978-Subsec. (b)(1)(B)(ii). Pub. L. 95–628, §3(a), substituted "amount of gain recognized to the distributing corporation on the distribution" for "amount of gain to the distributing corporation which is recognized under subsection (b), (c), or (d) of section 311, under section 341(f), or under section 617(d)(1), 1245(a), 1250(a), 1251(c), 1252(a), or 1254(a)".
1976-Subsec. (b)(1)(B)(ii). Pub. L. 94–455, §205(c)(1)(B), substituted "1252(a), or 1254(a)" for "or 1252(a)".
1971-Subsec. (b)(1)(B). Pub. L. 92–178, §312(a)(1), substituted "corporation, unless subparagraph (D) applies" for "corporation" where first appearing.
1969-Subsec. (b)(1)(B)(ii). Pub. L. 91–172, §§211(b)(1), 905(b)(2), substituted "1250(a), 1251(c), or 1252(a)" for "or 1250(a)" and inserted reference to section 311(a).
1966-Subsec. (b)(1)(B)(ii). Pub. L. 89–570 included reference to section 617(d)(1).
1964-Subsec. (b). Pub. L. 88–484 included amount of gain recognized under section 341(f).
1962-Subsec. (b)(1)(B). Pub. L. 87–834, §13(f)(2), substituted "subsection (b) or (c) of section 311 or under section 1245(a)" for "subsection (b) or (c) of section 311".
Pub. L. 100–203, title X, §10222(b)(2), Dec. 22, 1987, 101 Stat. 1330–411 , as amended by Pub. L. 100–647, title II, §2004(j)(4), Nov. 10, 1988, 102 Stat. 3605 , provided that:
"(A) In general.-The amendment made by paragraph (1) [amending this section] shall apply to distributions after December 15, 1987. For purposes of applying such amendment to any such distribution-
"(B) Exception.-The amendment made by paragraph (1) shall not apply for purposes of determining gain or loss on any disposition of stock after December 15, 1987, and before January 1, 1989, if such disposition is pursuant to a written binding contract, governmental order, letter of intent or preliminary agreement, or stock acquisition agreement, in effect on or before December 15, 1987."
Pub. L. 99–514, title VI, §612(c), Oct. 22, 1986, 100 Stat. 2251 , provided that: "The amendments made by this section [amending this section and sections 584, 642, 643, 702, 854, and 857 of this title, repealing section 116 of this title, and enacting provisions set out as a note under section 584 of this title] shall apply to taxable years beginning after December 31, 1986."
Pub. L. 98–369, div. A, title I, §61(e)(4), July 18, 1984, 98 Stat. 583 , provided that: "The amendment made by subsection (d) [amending this section] shall apply to distributions after the date of the enactment of this Act [July 18, 1984] in taxable years ending after such date."
Pub. L. 95–628, §3(d), Nov. 10, 1978, 92 Stat. 3628 , provided that: "The amendments made by this section [amending this section and section 312 of this title] shall apply to distributions made after the date of the enactment of this Act [Nov. 10, 1978]."
Pub. L. 92–178, title III, §312(b), Dec. 10, 1971, 85 Stat. 526 , provided that: "The amendments made by subsection (a) [amending this section] shall apply with respect to distributions made after November 8, 1971."
Pub. L. 91–172, title II, §211(c), Dec. 30, 1969, 83 Stat. 570 , provided that: "The amendments made by this section [enacting section 1251 of this title and amending this section and sections 312, 341, 453, and 751 of this title] shall apply to taxable years beginning after December 31, 1969."
Pub. L. 88–484, §2, Aug. 22, 1964, 78 Stat. 597 , provided that: "The amendments made by the first section of this Act [amending this section and sections 312, 341, and 453 of this title] shall apply with respect to transactions after the date of the enactment of this Act [Aug. 22, 1964] in taxable years ending after such date."
Pub. L. 87–834, §5(d), Oct. 16, 1962, 76 Stat. 977 , provided that: "The amendments made by this section [amending this section and section 245 of this title] shall apply to distributions made after December 31, 1962."
Pub. L. 87–403, §2(b), Feb. 2, 1962, 76 Stat. 6 , provided that: "The amendments made by this section [amending this section] shall apply only with respect to distributions made after the date of the enactment of this Act [Feb. 2, 1962]."
Pub. L. 99–514, title VI, §634, Oct. 22, 1986, 100 Stat. 2282 , directed Secretary of the Treasury or his delegate to conduct a study of proposals to reform the provisions of subchapter C of chapter 1 of the Internal Revenue Code of 1986, and not later than Jan. 1, 1988 (due date extended to Jan. 1, 1992, by Pub. L. 101–508, title XI, §11831(b), Nov. 5, 1990, 104 Stat. 1388–559 ), to submit to Committee on Ways and Means of House of Representatives and Committee on Finance of Senate a report on the study conducted (together with such recommendations he deemed advisable).