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§ 997. Special subchapter C rules

Type Statute

Publication 2026-01-12

State In force

Department United States Congress

Source OLRC

Reform history JSON API

§ 997. Special subchapter C rules

(1) be treated as a distribution in the same amount as if such distribution of property were made to an individual, and

(2) have a basis, in the hands of the recipient corporation, equal to the amount determined under paragraph (1).

(Added Pub. L. 92–178, title V, § 501, Dec. 10, 1971, 85 Stat. 549.)

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