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The DC Code: § 47-1811.03 Bases--Property dividends.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

Where any property other than money is paid by a corporation as a dividend, the base to the recipient thereof shall be the market value of such property at the time of its distribution by such corporation.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-1811.3. 1973 Ed., § 47-1583c. DC CODE § 47-1811.03 Current through December 11, 2012

Credits

(July 16, 1947, 61 Stat. 351, ch. 258, art. I, title XI, § 4; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)