# Pub. L. 90-621: changes to the Internal Revenue Code

1968-10-22, 82 Stat. 1311. Source: <https://www.govinfo.gov/link/plaw/90/public/621>.

## Legislative history

- Bill: [H.R. 18942](https://www.congress.gov/bill/90th-congress/house-bill/18942)

## § 358: Basis to distributees

- § 358(e): Pub. L. 90–621 substituted exchange of stock and securities for issuance of stock or securities as the transaction involved and inserted parenthetical provisions making reference to stock or securities of a corporation which is in control of the acquiring corporation.

## § 362: Basis to corporations

- § 362(b): Pub. L. 90–621 substituted the exchange of stock or securities of the transferee (or of a corporation which is in control of the transferee) for the issuance of stock or securities of the transferee as the transaction rendering the subsection applicable.

## § 368: Definitions relating to corporate reorganizations

- § 368(a)(2)(D): Pub. L. 90–621, § 1(a), added subpar. (D).
- § 368(b): Pub. L. 90–621, § 1(b), inserted reference to the inclusion of the controlling corporation in term “a party to a reorganization” in reorganizations qualifying under paragraph (1)(A) of subsection (a) by reason of paragraph (2)(D) of subsection (a).