# Pub. L. 88-484: changes to the Internal Revenue Code

1964-08-22, 78 Stat. 597. Source: <https://www.govinfo.gov/link/plaw/88/public/484>.

## Legislative history

- Bill: [H.R. 7301](https://www.congress.gov/bill/88th-congress/house-bill/7301)

## § 301: Distributions of property

- § 301(b): Pub. L. 88–484 included amount of gain recognized under section 341(f).
- § 301(d): Pub. L. 88–484 included amount of gain recognized under section 341(f).

## § 312: Effect on earnings and profits

- § 312(c): Pub. L. 88–484 authorized adjustment for amount of gain recognized under section 341(f).

## § 543: Personal holding company income

- § 543(a)(2): Pub. L. 88–484 inserted sentence requiring royalties received for the use of, or for the privilege of using, a patent, invention, model, or design (whether or not patented), secret formula or process, or any other similar property right to be treated as rent, if such property right is also used by the corporation receiving such royalties in the manufacture or production of tangible personal property held for lease to customers, and if the amount (computed without regard to this sentence) constituting rent from such leases to customers meets the requirements of subparagraph (A).