To amend the Internal Revenue Code of 1986 to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.

Summary

Amends the Internal Revenue Code to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock. Provides for nonrecognition of derivative gain, loss, or deduction items (as defined by this Act). Excepts certain forward contracts from such treatment.

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

Timeline

1. 9 November 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 November 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 November 1999

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 November 1999

   Introduced

   Sponsor introductory remarks on measure. (CR E2345)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 November 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 November 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 November 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 November 1999

  Open at official source

Sponsors

• Richard Neal · D · Sponsor
• · hswm00 · Standing

Related records

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