United States · Bill · HR
H.R. 1431 (104th)
To amend the Internal Revenue Code of 1986 to repeal the 30-percent of gross income limitation applicable to regulated investment companies.
Introduced
6 April 1995
Last action
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Status
Sponsor introductory remarks on measure. (CR E821)
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Amends the Internal Revenue Code to repeal the 30 percent limitation (relating to qualification of regulated investment companies) on gross income derived from the sale or disposition of the following held for less than three months: (1) stock or securities; (2) options, futures, or forward contracts; or (3) foreign currencies.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 April 1995
Introduced in House (PDF)
Introduced in House · EN · 6 April 1995
Introduced in House
summary · EN · 6 April 1995
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/104th-congress/house-bill/1431
- Open data entity: https://api.congress.gov/v3/bill/104/hr/1431