This article will first discuss the history of the General Utilities doctrine and its gradual demise. Second, it will summarize the provision, noting both relief provisions and provisions designed to prevent tax avoidance under the new rules. Finally, this article will compare the effects of legislation to the justifications that prompted its enactment and discuss its side-effects.
Lobenhofer, Louis F.
"The Repeal of General Utilities For Corporate Liquidations - The Consequences of Incomplete and Unexpected Tax Reform,"
Akron Tax Journal: Vol. 4
, Article 8.
Available at: https://ideaexchange.uakron.edu/akrontaxjournal/vol4/iss1/8