A bill to amend the Internal Revenue Code of 1954 to make technical amendments in the provisions relating to general stock ownership corporations.

Amends the Internal Revenue Code, with respect to general stock ownership corporations, to: (1) allow the transfer of a share of stock in such a corporation to the estate of a deceased shareholder; (2) declare the penalty tax for failure to make minimum annual distributions a deductible ordinary and necessary expense of such a corporation; and (3) make technical amendments.