# Pub. L. 87-403: changes to the Internal Revenue Code

1962-02-02, 76 Stat. 5. Source: <https://www.govinfo.gov/link/plaw/87/public/403>.

## Legislative history

- Bill: [H.R. 8847](https://www.congress.gov/bill/87th-congress/house-bill/8847)

## § 301: Distributions of property

- § 301(f), § 301: Pub. L. 87–403 added subsec. (f) and redesignated former subsec. (f) as (g).

## § 312: Effect on earnings and profits

- § 312(k): Pub. L. 87–403 added subsec. (k).

## § 535: Accumulated taxable income

- § 535(b)(9), § 535(b)(10): Pub. L. 87–403 added pars. (9) and (10).

## § 543: Personal holding company income

- § 543(a)(1): Pub. L. 87–403 prescribed conditions making inapplicable the provisions of the paragraph to dividend distribution of divested stock.
- § 543(d): Pub. L. 87–403 added subsec. (d).

## § 545: Undistributed personal holding company income

- § 545(b): Pub. L. 87–403 added pars. (10) and (11).

## § 561: Definition of deduction for dividends paid

- § 561(b): Pub. L. 87–403 designated existing provisions as par. (1) and added par. (2).