United States · Bill · HR
H.R. 3907 (98th)
Equity Capital Formation Incentive Act of 1983
Introduced
15 September 1983
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Equity Capital Formation Incentive Act of 1983 - Amends the Internal Revenue Code to allow an income tax deduction to corporations engaged in market making activities (purchase and sale of certain stocks) for additions to the reserve for gains for such market making activities. Disallows such deduction if: (1) the additions to the reserve exceed 30 percent of the fair market value of average positions carried for market activities during the taxable year; or (2) at the end of the taxable year the reserve exceeds $1,000,000. Sets forth definitions and special rules.
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Documents
1 official file
Introduced in House
summary · EN · 15 September 1983
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/house-bill/3907
- Open data entity: https://api.congress.gov/v3/bill/98/hr/3907