### Question
How does Income Taxes define section 306 stock?


### Answer
Under *26 U.S.C. § 306*, **section 306 stock** is defined as:

> stock which meets the requirements of subparagraph (A), (B), or (C) of this paragraph

#### Citation:
  - *26 U.S.C. § 306*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART I-DISTRIBUTIONS BY CORPORATIONS > Subpart A-Effects on Recipients**

