An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Corporate Reorganization

A technical change in the structure of a company, such as a merger or acquisition, that the tax code often treats as a non-taxable event.

Gross Receipts

The total amount of money a business receives from all sources during a year before any expenses are subtracted.

Capital Gains Tax

A tax on the profit made from selling an asset, such as stock, that has increased in value.

Internal Revenue Code

The body of law that codifies all federal tax laws in the United States.