§317 — Other definitions
37 cases·2 followed·9 distinguished·26 cited—5% support
Statute Text — 26 U.S.C. §317
For purposes of this part, the term “property” means money, securities, and any other property; except that such term does not include stock in the corporation making the distribution (or rights to acquire such stock).
For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §1.317-1 Property defined
37 Citing Cases
Section 317 defines property as money, securities, and any other property. - 19 - [*19] A taxpayermust include in gross income amounts received as dividends under section 301(c)(1). See also sec. 61(a)(7). A dividend is any distribution a corporation makes to its shareholders out ofearnings and profits. Sec. 316(a). The distribution is first made
Section 317 defines property as money, securities, and any other property. - 19 - [*19] A taxpayermust include in gross income amounts received as dividends under section 301(c)(1). See also sec. 61(a)(7). A dividend is any distribution a corporation makes to its shareholders out ofearnings and profits. Sec. 316(a). The distribution is first made
317 (McKinney 2006) stated: "Every instrument, entitled to be recorded, must be recordedby the recording officer in the order and as ofthe time ofits delivery to him therefor, and is considered recorded from the time ofsuch delivery." The deed was delivered for recording on December 28, 2006, and the required fee was paid. The deed delivered o
Under section 317.002 of the Texas Government Code, the Governor of Texas or the LBB, after finding that an emergency exists, may - 10 - propose an expenditure or distribution of funds by a State agency. Tex. Govt. Code Ann. sec. 317.002(b) (Vernon 2004). They may make this proposal at any time that the Legislature is not in session. Tex. Govt. Code Ann
We are not aware that respondent has ever taken the position, administratively or otherwise, that the definitions found in section 317 are universally applicable to interpret the consolidated return regulations.
We are not aware that respondent has ever taken the position, administratively or otherwise, that the definitions found in section 317 are universally applicable to interpret the consolidated return regulations.