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- H.R.496
H.R.496: 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 Jan. 29, 2003
- Latest Major Action Jan. 29, 2003
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
33 (6 Democrats, 28 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Jan. 29, 2003 |
Introduced in the House by H. James Saxton (R-N.J.) |