To amend the Internal Revenue Code of 1986 to repeal the 30-percent gross income limitation applicable to regulated investment companies.

Summary

Amends the Internal Revenue Code to repeal the requirement that less than 30 percent of the gross income of a regulated investment company be derived from the sale or disposition of any of the following which were held for less than three months: (1) stocks or securities; (2) options, futures, or forward contracts (other than those on foreign currencies); or (3) certain foreign currencies.

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

Timeline

1. 22 March 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 22 March 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 March 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 March 1991

  Open at official source

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Sponsors

• Rep. Andrews, Michael [D-TX-25] · D · Sponsor
• Rep. McGrath, Raymond J. [R-NY-5] · R · Sponsor
• Rep. Anthony, Beryl, Jr. [D-AR-4] · D · Cosponsor
• Rep. Archer, Bill [R-TX-7] · R · Cosponsor
• Rep. Scheuer, James H. [D-NY-8] · D · Cosponsor
• Rep. Thomas, William M. [R-CA-21] · R · Cosponsor
• Rep. Zimmer, Dick [R-NJ-12] · R · Cosponsor
• Rep. Barnard, Doug, Jr. [D-GA-10] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to repeal the 30-percent gross income limitation on regulated investment companies.