A bill to amend the Internal Revenue Code of !954 to provide for the treatment of dividends received by a member of an affiliated group from a subsidiary that is excluded from the group solely because such subsidiary is a life insurance company.

Summary

Provides, under the Internal Revenue Code, that in the case of an affiliated group of corporations filing a consolidated return, there shall be excluded from consolidated personal holding company income and consolidated adjusted ordinary gross income dividends received by a member of the affiliated group from a taxable life insurance company that is not a member of the affiliated group. (Amends 26 U.S.C. 542(b))

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 8 April 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 8 April 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 April 1974

   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 · 8 April 1974

  Open at official source

Sponsors

• Rep. Burleson, Omar [D-TX-17] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.