Tenn. Comp. R. & Regs. 1320-03-02-.09

Current through December 10, 2024

Section 1320-03-02-.09 - STOCK OF ANOTHER CORPORATION

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.

Tenn. Comp. R. & Regs. 1320-03-02-.09

Original rule certified June 7, 1974.

Authority: T.C.A. §§ 67-1-102 and 67-2-113.