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United States · Bill · HR

H.R. 3529 (98th)

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of regulated investment companies.

openUnited States· United States Congress· EN

Introduced

12 July 1983

Last action

Status

See H.R.4170.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to allow certain personal holding companies to be treated as regulated investment companies. Subjects the undistributed taxable income of a regulated investment company that is a personal holding company to the highest rate of corporate income tax rate plus the personal holding company tax. Allows a regulated investment company to elect to computed taxable income without regard to rules related to short-term obligations issued on a discount basis.

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Documents

1 official file

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Sources

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