A bill relating to tax treatment of qualified dividend reinvestment plans.

Summary

Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment plan.

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Timeline

1. 1 August 1978

   Introduced

   Introduced in House

   Source: IntroReferral

2. 1 August 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

3. 1 August 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 August 1978

  Open at official source

Sponsors

• Rep. Pickle, J. J. [D-TX-10] · D · Sponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Sen. Lott, Trent [R-MS] · R · Cosponsor
• Rep. Rinaldo, Matthew J. [R-NJ-7] · R · Cosponsor
• Rep. Cederberg, Elford A. [R-MI-10] · R · Cosponsor
• Rep. Badham, Robert E. [R-CA-40] · R · Cosponsor
• Rep. Price, Melvin [D-IL-21] · D · Cosponsor
• Rep. Sawyer, Harold S. [R-MI-5] · R · Cosponsor
• Rep. Heftel, Cecil [D-HI-1] · D · Cosponsor
• · hswm00 · Standing

Related records

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