# Pub. L. 91-687: changes to the Internal Revenue Code

1971-01-12, 84 Stat. 2071. Source: <https://www.govinfo.gov/link/plaw/91/public/687>.

## Legislative history

- Bill: [H.R. 19369](https://www.congress.gov/bill/91st-congress/house-bill/19369)

## § 165: Losses

- § 165(g)(3): Pub. L. 91–687 substituted “stock possessing at least 80 percent of the voting power of all classes of its stock and at least 80 percent of each class of its nonvoting stock” for “at least 95 percent of each class of its stock” in subpar. (A), and inserted at the end of the subsection the sentence providing that the term “stock”, as used in subpar. (A), does not include nonvoting stock which is limited and preferred as to dividends.