Rules & Regulations of the State of Tennessee
Title 1320 - Revenue
Subtitle 1320-03 - Inheritance, Gift, and Income Taxes
Chapter 1320-03-02 - Rules for Income Taxes
Section 1320-03-02-.09 - STOCK OF ANOTHER CORPORATION
Universal Citation: TN Comp Rules and Regs 1320-03-02-.09
Current through September 24, 2024
When a corporation gives stock of another corporation as a dividend, the value of the stock is fully taxable; unless such distribution is made pursuant to decrees ordering divestiture of stock in enforcement of anti-trust statutes.
Authority: T.C.A. §§ 67-1-102 and 67-2-113.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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