Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-3-8 - RECOGNITION OF GAIN OR LOSS
Section 810-3-8-.09 - Complete Liquidation Of Subsidiaries
Universal Citation: AL Admin Code R 810-3-8-.09
Current through Register Vol. 42, No. 11, August 30, 2024
(1) For transactions occurring after December 31, 1984, no gain or loss shall be recognized on the receipt by a corporation of property distributed in complete liquidation of another corporation as described in 26 U.S.C. § 332. For interpretation of federal statutes adopted by the Alabama Legislature see Rule 810-3-1.1 -.01, Operating Rules.
(2) See Reg. 810-3-6-.02 for determining the basis of property received by a corporation in a distribution under this rule.
Authors: Verlon R. Frost, Jeff Taylor
Statutory Authority: Code of Ala. 1975, §§ 40-18-8, 40-18-57.
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