Pub. L. 91-172, tit. IX, subtit. A, sec. 914

PERSONAL HOLDING COMPANY DIVIDENDS.

EnactedYear: 1969Length: 54 wordsOfficial source

SEC. 914. PERSONAL HOLDING COMPANY DIVIDENDS. (a) Dividends Paid After Close of Year.—Section 563(b)(relating to personal holding company tax) is amended by striking out “10 percent” in paragraph (2) and inserting in lieu thereof “20 percent”. (b) Effective Date.—The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1969.