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- H.R.5626
H.R.5626: To amend the Internal Revenue Code of 1986 to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Oct. 10, 2002
- Latest Major Action Oct. 11, 2002
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.Provides for nonrecognition of derivative gain, loss, or deduction items (as defined by this Act). Excepts certain forward contracts from such treatment.
(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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| Oct. 10, 2002 |
Introduced in the House by Richard E. Neal (D-Mass.) |