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- H.R.168
H.R.168: To amend the Internal Revenue Code of 1986 to allow individuals an exclusion from gross income for certain amounts of capital gains distributions from regulated investment companies.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Jan. 3, 2001
- Latest Major Action Jan. 3, 2001
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
69 (9 Democrats, 61 Republicans)
Bill Summary
Amends the Internal Revenue Code to exclude, subject to a $3,000 maximum exclusion (double for a joint return), from gross income a capital gain dividend which is: (1) distributed by a regulated investment company; and (2) automatically reinvested by the company in the stock of such company with respect to which the dividend is distributed.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Jan. 3, 2001 |
Introduced in the House by H. James Saxton (R-N.J.) |