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generally effective for taxable years beginning after December
31, 1984. 1984 Act, sec. 60(b)(1), 98 Stat. 579.
Prior to its amendment by the 1984 Act, section 1504(a), as
pertinent here, defined the term "affiliated group" to mean
one or more chains of includible corporations connected
through stock ownership with a common parent corpora-
tion which is an includible corporation if--
(1) Stock possessing at least 80 percent of
the voting power of all classes of stock and at
least 80 percent of each class of the nonvoting
stock of each of the includible corporations (ex-
cept the common parent corporation) is owned di-
rectly by one or more of the other includible
corporations; and
(2) The common parent corporation owns di-
rectly stock possessing at least 80 percent of the
voting power of all classes of stock and at least
80 percent of each class of the nonvoting stock of
at least one of the other includible corporations.
After its amendment by the 1984 Act, section 1504(a), as
pertinent here, defined the term "affiliated group" as follows:
(1) In General.--The term "affiliated group"
means--
(A) 1 or more chains of includible corpora-
tions connected through stock ownership with a
common parent corporation which is an includible
corporation, but only if--
(B)(i) the common parent owns directly stock
meeting the requirements of paragraph (2) in at
least 1 of the other includible corporations, and
(ii) stock meeting the requirements of
paragraph (2) in each of the includible cor-
porations (except the common parent) is owned
directly by 1 or more of the other includible
corporations.
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