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S. 1327

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to modify the active business definition under section 355.
About This Bill
Committee
Latest Action · June 29, 2005
Read twice and referred to the Committee on Finance.
Congress
109th (2005–2007)
Introduced
June 29, 2005
Cosponsors (1)
1D 0R
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Summary

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Amends the Internal Revenue Code to treat all members of a corporation's separate affiliated group as one corporation for purposes of determining whether such corporation and its subsidiaries meet the active business test required for corporations seeking nonrecognition of gain from the distribution of property in a reorganization.

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