| United States. Congress. Senate. District of Columbia - 1971 - 184 pages
...is taxable under section 4941 of 19 the Code. 20 (2) The corporation shall make distributions at 21 such time and in such manner as not to subject it to 22 tax under section 4942 of the Code. 23 (3) The corporation shall not retain any excess 24 business... | |
| United States. Congress. House. Committee on the District of Columbia - 1972 - 1722 pages
...self-dealing which is taxable under section 4941 of such Code. (2) The corporation shall make distributions at such time and in such manner as not to subject it to tax under section 4942 of such Code. (3) The corporation shall not retain any excess business holdings which... | |
| United States. Congress. House. Committee on the District of Columbia - 1972 - 62 pages
...self-dealing which is taxable under section 4941 of the Code. (%) The trust shall make distributions at such time and in such manner as not to subject it to tax under section 494% of the Code. (3) The trust shall not retain any excess business holdings which would subject... | |
| United States. Congress. Senate. Committee on Finance - 1974 - 574 pages
...set forth In Article III here(e) (1) The Corporation shall distribute Its Income for each taxable at such time and In such manner as not to subject it to tax on undistributed e imposed by IRC section 4942; (2) the corporation shall not engage 1n any of self-dealing... | |
| United States. Congress. House. Committee on the District of Columbia - 1072 pages
...such trusts. For example, the distribution requirement of sec. 4942 would not apply to a spliMnteresl trust with non-charitable income beneficiaries and...make distributions at such time and in such manner as not to subject it to tax under sec. 4942. To the extent that sec. 4947(a)(2) does not apply with... | |
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