Summary: H.R.5658 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.5658. Bill summaries are authored by CRS.

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Introduced in House (07/22/1992)

Declares that, for purposes of the Internal Revenue Code, any qualified distribution made by a Native Corporation shall not be treated as a distribution made out of earnings and profits. Defines a qualified distribution as any distribution to a Native (as defined under the Alaska Native Claims Settlement Act) or descendant of a Native which: (1) is made after the date of enactment of such Act; and (2) but for this Act would have been treated as a dividend.