To amend the Internal Revenue Code of 1986 to allow a credit against tax for certain costs relating to compliance with financial regulations.

Summary

Amends the Internal Revenue Code to allow insured depository banks with assets not exceeding $10 billion a general business tax credit for their financial regulation compliance expenditures. Defines "financial regulation compliance expenditures" as any state or federal fees or assessments imposed on insured depository institutions and any amounts paid by such institutions to comply with supervision or examination by state or federal bank regulators.

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Timeline

1. 15 December 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 December 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 December 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 December 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 December 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 December 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 December 2009

  Open at official source

Sponsors

• Rep. Souder, Mark E. [R-IN-3] · R · Sponsor
• · hswm00 · Standing

Related records

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