D.C. Code § 47-1811.03

Current through codified legislation effective April 20, 2024

Section 47-1811.03 - Bases - Property dividends. Section 47-1811.04. Bases - Determination of depreciation deduction

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.

D.C. Code § 47-1811.03

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.