Where any property other than money is paid by a corporation as a dividend, the base to the recipient thereof shall be the market value of such property at the time of its distribution by such corporation.
(July 16, 1947, 61 Stat. 351, ch. 258, art. I, title XI, § 4; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-1811.3.
1973 Ed., § 47-1583c.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 18 - Income and Franchise Taxes
§ 47–1811.01. Disposition of property — Basis for determination of gain or loss
§ 47–1811.02. Disposition of property — Determination of gain or loss
§ 47–1811.03. Bases — Property dividends
§ 47–1811.04. Bases — Determination of depreciation deduction