Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2002

Summary

Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2002 - 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. 4 September 2002

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 4 September 2002

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 September 2002

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 September 2002 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 September 2002

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 September 2002

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 4 September 2002

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Cox, Christopher [R-CA-48] · R · Sponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Sponsor
• Rep. Kerns, Brian D. [R-IN-7] · R · Sponsor
• Rep. Otter, C. L. (Butch) [R-ID-1] · R · Sponsor
• Rep. Wilson, Joe [R-SC-2] · R · Sponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• Rep. Brown, Henry E., Jr. [R-SC-1] · R · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Cantor, Eric [R-VA-7] · R · Cosponsor
• Rep. Davis, Jo Ann [R-VA-1] · R · Cosponsor
• Sen. DeMint, Jim [R-SC] · R · Cosponsor
• Rep. Duncan, John J., Jr. [R-TN-2] · R · Cosponsor
• Rep. Ehrlich, Robert L., Jr. [R-MD-2] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Sen. Flake, Jeff [R-AZ] · R · Cosponsor
• Rep. Gallegly, Elton [R-CA-24] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. Kolbe, Jim [R-AZ-8] · R · Cosponsor
• Rep. Pence, Mike [R-IN-6] · R · Cosponsor
• Rep. Petri, Thomas E. [R-WI-6] · R · Cosponsor
• Rep. Schaffer, Bob [R-CO-4] · R · Cosponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Cosponsor
• Rep. Shuster, Bill [R-PA-9] · R · Cosponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Cosponsor
• Rep. Sweeney, John E. [R-NY-20] · R · Cosponsor
• Rep. Weldon, Dave [R-FL-15] · R · Cosponsor
• · hswm00 · Standing

Related records

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