To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property.

referredUnited States· United States Congress· EN

Introduced

21 January 2010

Last action

21 January 2010 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Hodes, Paul W. [D-NH-2], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Shea-Porter, Carol [D-NH-1], Rep. Mollohan, Alan B. [D-WV-1], Rep. Rahall, Nick J., II [D-WV-3], Rep. Tierney, John F. [D-MA-6], Sen. Welch, Peter [D-VT], Sen. Van Hollen, Chris [D-MD], Rep. Ellison, Keith [D-MN-5], Rep. Pingree, Chellie [D-ME-1], Rep. Michaud, Michael H. [D-ME-2], Rep. Sutton, Betty [D-OH-13], Rep. Oberstar, James L. [D-MN-8], Rep. Walz, Timothy J. [D-MN-1], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Kaptur, Marcy [D-OH-9], Rep. Massa, Eric J. J. [D-NY-29], Rep. Peterson, Collin C. [D-MN-7], Rep. McCollum, Betty [D-MN-4], Rep. DeFazio, Peter A. [D-OR-4], Rep. Kagen, Steve [D-WI-8], Rep. Costello, Jerry F. [D-IL-12], Rep. Frank, Barney [D-MA-4], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Arcuri, Michael A. [D-NY-24], Rep. Olver, John W. [D-MA-1], Rep. Napolitano, Grace F. [D-CA-32], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Giffords, Gabrielle [D-AZ-8]

Subjects

Taxation

Source updated

2 January 2025

Taxation

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Summary

Amends the Internal Revenue Code to treat securities and nonqualified preferred stock paid to a parent corporation by a subsidiary in a corporate reorganization as cash payments, thus subjecting the gain attributable to such payments to tax.

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Timeline

21 January 2010
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
21 January 2010
Introduced
Introduced in House
Source: IntroReferral
21 January 2010
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 21 January 2010 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 21 January 2010
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Introduced in House (PDF)
Introduced in House · EN · 21 January 2010
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Leesvertaling
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Introduced in House
summary · EN · 21 January 2010
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/111th-congress/house-bill/4486
Open data entity: https://api.congress.gov/v3/bill/111/hr/4486
us · 111-hr-4486 · source updated 2 January 2025