# Pub. L. 86-435: changes to the Internal Revenue Code

1960-04-22, 74 Stat. 77. Source: <https://www.govinfo.gov/link/plaw/86/public/435>.

## Legislative history

- Bill: [H.R. 7588](https://www.congress.gov/bill/86th-congress/house-bill/7588)

## § 543: Personal holding company income

- § 543(a)(1): Pub. L. 86–435, § 1(b)(1), excluded copyright royalties.
- § 543(a)(6): Pub. L. 86–435, § 1(b)(2), inserted sentence providing that copyright royalties constitute personal holding company income.
- § 543(a): Pub. L. 86–435, § 1(a), added par. (9).

## § 544: Rules for determining stock ownership

- § 544(a): Pub. L. 86–435, § 1(c)(1), inserted reference to section 543(a)(9) in introductory provisions.
- § 544(a)(4)(B): Pub. L. 86–435, § 1(c)(2), included reference to section 543(a)(9).
- § 544(b): Pub. L. 86–435, § 1(d), added par. (4), and inserted reference to par. (4) in last sentence.