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Title 17 Corporations, Partnerships and Associations

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

17-19-150. Private foundations.

(a) Except where otherwise determined by a court of competent jurisdiction, a corporation that is a private foundation as defined in section 509(a) of the Internal Revenue Code of 1986: (i) Shall distribute such amounts for each taxable year at such time and in such manner as not to subject the corporation to tax under section 4942 of the code; (ii) Shall not engage in any act of self-dealing as defined in section 4941(d) of the code; (iii) Shall not retain any excess business holdings as defined in section 4943(c) of the code; (iv) Shall not make any taxable expenditures as defined in section 4944 of the code; (v) Shall not make any taxable expenditures as defined in section 4945(d) of the code. (b) All references in this section to sections of the code shall be to such sections of the Internal Revenue Code of 1986 as amended from time to time, or to corresponding provisions of subsequent internal revenue laws of the United States. F. Judicial Relief

Your change, as a redline

17-19-150. Private foundations.

(a) Except where otherwise determined by a court of competent jurisdiction, a corporation that is a private foundation as defined in section 509(a) of the Internal Revenue Code of 1986: (i) Shall distribute such amounts for each taxable year at such time and in such manner as not to subject the corporation to tax under section 4942 of the code; (ii) Shall not engage in any act of self-dealing as defined in section 4941(d) of the code; (iii) Shall not retain any excess business holdings as defined in section 4943(c) of the code; (iv) Shall not make any taxable expenditures as defined in section 4944 of the code; (v) Shall not make any taxable expenditures as defined in section 4945(d) of the code. (b) All references in this section to sections of the code shall be to such sections of the Internal Revenue Code of 1986 as amended from time to time, or to corresponding provisions of subsequent internal revenue laws of the United States. F. Judicial Relief

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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