H.R.815: To amend the Internal Revenue Code of 1986 to make certain dividends and distributions paid to individuals from certain small businesses exempt from tax to the extent of the increased wages of the small business.

About this Bill

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Sponsor Bill Owens, D-N.Y.
Total Cosponsors 0
Introduced Feb. 25, 2013
Latest Major Action Feb. 25, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Amends the Internal Revenue Code to exclude from gross income increased-wage exempt-dividends distributed to an individual by a corporation or a partnership which is a small business concern (as defined by the Small Business Act). Defines "increased-wage exempt-dividends" as dividends paid by a small business concern that do not exceed the increase in wages paid by the small business concern over wages paid in the preceding taxable year.

(Source: Congressional Research Service)

Bill Actions

Date Description
Feb. 25, 2013 Referred to the House Committee on Ways and Means.