Corporate and Individual Income Tax Systems Integration Act of 1990

Summary

Corporate and Individual Income Tax Systems Integration Act of 1990 - Amends the Internal Revenue Code to allow a tax credit in the case of a recipient of a qualifying dividend or interest payment equal to the gross-up amount includable in the recipient's gross income. Requires amounts received as dividends or interest from a C corporation to include the gross-up amount. Describes the gross-up amount as the portion of taxes imposed on a C corporation which such corporation allocates to dividends and interest. Requires C corporations to include gross-up amounts for interest and dividend payments in their information returns.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 April 1990

  Open at official source

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