An Analysis of the Taxation of Stock Dividends from 1918 to 1970; Effects of the Tax Reform Act of 1969 on § 305 of the Internal Revenue Code

Authors

Harvey J. Eger

Abstract

On December 10, 1969, the most massive and controversial piece of tax legislation ever proposed was enacted by Congress. One small portion of this act, § 421, has substantially altered the tax status of stock dividends by amending § 305 of the Internal Revenue Code of 1954. As a result, § 305 now covers a wide variety of situations where the receipt of stock dividends previously nontaxable will give rise to income taxable at ordinary rates.

First Page

364

Recommended Citation

Harvey J. Eger, An Analysis of the Taxation of Stock Dividends from 1918 to 1970; Effects of the Tax Reform Act of 1969 on § 305 of the Internal Revenue Code, 8 Duq. L. Rev. 364 (1970).
Available at: https://dsc.duq.edu/dlr/vol8/iss2/6