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- H.R.1431
H.R.1431: To amend the Internal Revenue Code of 1986 to repeal the 30-percent of gross income limitation applicable to regulated investment companies.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced April 6, 1995
- Latest Major Action April 7, 1995
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Summary
Amends the Internal Revenue Code to repeal the 30 percent limitation (relating to qualification of regulated investment companies) on gross income derived from the sale or disposition of the following held for less than three months: (1) stock or securities; (2) options, futures, or forward contracts; or (3) foreign currencies.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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April 6, 1995 |
Introduced in the House by Michael P. Flanagan (R-Ill.) |