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- H.R.1989
H.R.1989: To amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies.
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced May 6, 2003
- Latest Major Action May 6, 2003
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Republicans)
Bill Summary
Amends the Internal Revenue Code to provide that, in the case of an electing individual, no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such capital gain dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.States that such deferral shall not apply to: (1) an individual with respect to whom a personal exemption...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| May 6, 2003 |
Introduced in the House by Paul D. Ryan (R-Wis.) |