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United States · Bill · HR

H.R. 50 (108th)

Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2003

referredUnited States· United States Congress· EN

Introduced

7 January 2003

Last action

7 January 2003 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Cox, Christopher [R-CA-48], Rep. Biggert, Judy [R-IL-13], Rep. Brown, Henry E., Jr. [R-SC-1], Rep. Burton, Dan [R-IN-5], Rep. Cantor, Eric [R-VA-7], Rep. Davis, Jo Ann [R-VA-1], Sen. DeMint, Jim [R-SC], Rep. Duncan, John J., Jr. [R-TN-2], Rep. English, Phil [R-PA-3], Sen. Flake, Jeff [R-AZ], Rep. Gallegly, Elton [R-CA-24], Rep. Herger, Wally [R-CA-2], Rep. Hyde, Henry J. [R-IL-6], Rep. Istook, Ernest J., Jr. [R-OK-5], Rep. Kolbe, Jim [R-AZ-8], Rep. Latham, Tom [R-IA-3], Rep. Miller, Jeff [R-FL-1], Rep. Nethercutt, George R., Jr. [R-WA-5], Rep. Otter, C. L. (Butch) [R-ID-1], Rep. Paul, Ron [R-TX-14], Rep. Pence, Mike [R-IN-6], Rep. Petri, Thomas E. [R-WI-6], Rep. Platts, Todd Russell [R-PA-19], Rep. Sessions, Pete [R-TX-17], Rep. Shadegg, John B. [R-AZ-3], Rep. Shuster, Bill [R-PA-9], Rep. Smith, Nick [R-MI-7], Rep. Souder, Mark E. [R-IN-3], Rep. Sweeney, John E. [R-NY-20], Rep. Tiahrt, Todd [R-KS-4], Rep. Weldon, Dave [R-FL-15], Rep. Wilson, Joe [R-SC-2], Rep. Manzullo, Donald A. [R-IL-16], Sen. Kirk, Mark Steven [R-IL], Rep. Franks, Trent [R-AZ-8], Rep. Shimkus, John [R-IL-15], Rep. King, Steve [R-IA-4], Rep. Tancredo, Thomas G. [R-CO-6], Rep. Akin, W. Todd [R-MO-2], Rep. Beauprez, Bob [R-CO-7], Rep. Bartlett, Roscoe G. [R-MD-6], Sen. Vitter, David [R-LA], Rep. Pitts, Joseph R. [R-PA-16], Rep. Culberson, John Abney [R-TX-7], Rep. Chocola, Chris [R-IN-2], Rep. Cannon, Chris [R-UT-3], Sen. Blackburn, Marsha [R-TN], Rep. Issa, Darrell [R-CA-48]

Subjects

Taxation

Source updated

18 August 2025

Taxation

Summary

Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2002 (sic) - Amends the Internal Revenue Code to allow a tax credit for a taxpayer other than a corporation in an amount equal to the shareholder credits determined with respect to dividends received from domestic corporations. Sets a maximum amount for the credit. Prohibits the allotting of credit in certain instances to nonresident aliens. Provides criteria for calculating a shareholder credit for a dividend. Classifies any shareholder credit determined under this Act as a tax paid by the relevant corporation. Includes a taxpayer's shareholder credits in gross income. Permits a corporation to deduct 100 percent of the amount received as dividends from a domestic corporation (presently the Code allows a deduction of 70 percent or 100 percent, depending on the type of dividend). Increases, from 70 to 100 percent, the amount a corporation is allowed to deduct with respect to dividends on certain preferred stock.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 January 2003

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 7 January 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 January 2003

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 7 January 2003

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  • Introduced in House (PDF)

    Introduced in House · EN · 7 January 2003

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  • Introduced in House

    summary · EN · 7 January 2003

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Sponsors

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Related records

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Sources

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