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United States · Bill · HR

H.R. 5626 (107th)

To amend the Internal Revenue Code of 1986 to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.

openUnited States· United States Congress· EN

Introduced

10 October 2002

Last action

Status

Sponsor introductory remarks on measure. (CR E1829)

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock. Provides for nonrecognition of derivative gain, loss, or deduction items (as defined by this Act). Excepts certain forward contracts from such treatment.

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Documents

3 official files

Introduced in House (text)

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