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S.58
Summary:
Summary: S.58 [108th]
There is one summary of the bill.Shown Here:Introduced in Senate (01/07/2003) $('#summarySelector').tnt_dropDownNavigation({"stubUrl":"\/bill\/108th-congress\/senate-bill\/58\/","stubName":"summary"}); Revises Internal Revenue Code provisions concerning distributions by cooperative housing corporations to provide that: (1) no gain or loss shall be recognized to a cooperative housing corporation on the distribution by such corporation of a dwelling unit to a stockholder in such corporation if such distribution is in exchange for the stockholder's stock in such corporation; and (2) no gain or loss shall be recognized to a stockholder of such corporation on the transfer of such stockholder's stock in an exchange described in clause (1). Provides for determining the basis of a dwelling unit.