A bill to amend the Internal Revenue code of 1954 with respect to the treatment of computer software royalties for purposes of the personal holding company provisions.

Summary

Amends the Internal Revenue Code to provide that personal holding company income includes computer software royalties to the extent that such royalties do not constitute 50 percent or more of the adjusted gross income and the sum of the deductions for trade and business expenses and research and experimental expenses attributable to the trade or business in which such royalties are derived does not equal or exceed 15 percent of the adjusted gross income.

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

Timeline

1. 30 July 1985

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 July 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 July 1985

   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 · 30 July 1985

  Open at official source

Sponsors

• Rep. Zschau, Edwin V. W. [R-CA-12] · R · Sponsor
• · hswm00 · Standing

Related records

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