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United States · Bill · HR

H.R. 654 (96th)

A bill relating to tax treatment of qualified dividend reinvestment plans.

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

15 January 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Pickle, J. J. [D-TX-10], Rep. Archer, Bill [R-TX-7], Rep. Rousselot, John H. [R-CA-26], Rep. Duncan, John J. [R-TN-2], Rep. Holland, Kenneth L. [D-SC-5], Rep. Lott, Trent [R-MS-5], Rep. Badham, Robert E. [R-CA-40], Rep. Bafalis, L. A. (Skip) [R-FL-10], Rep. Martin, James G. [R-NC-9], Rep. Horton, Frank J. [R-NY-34], Rep. Kindness, Thomas N. [R-OH-8], Rep. Buchanan, John [R-AL-6], Rep. Slack, John [D-WV-3], Rep. Mottl, Ronald M. [D-OH-23], Rep. Hughes, William J. [D-NJ-2], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Price, Melvin [D-IL-23], Rep. Lloyd, Marilyn [D-TN-3], Rep. Whitehurst, G. William [R-VA-2], Rep. Heftel, Cecil [D-HI-1], Rep. Rahall, Nick J., II [D-WV-4], Rep. St Germain, Fernand J. [D-RI-1], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Snyder, M. G. (Gene) [R-KY-4], Rep. Dornan, Robert K. [R-CA-38], Rep. Burgener, Clair W. [R-CA-43], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Roe, Robert A. [D-NJ-8], Rep. Cleveland, James C. [R-NH-2], Rep. Ertel, Allen E. [D-PA-17], Rep. Neal, Stephen L. [D-NC-5], Rep. Hance, Kent R. [D-TX-19], Rep. Sawyer, Harold S. [R-MI-5], F. SENSENBRENNER, Rep. Tauke, Thomas Joseph [R-IA-2], Rep. Solomon, Gerald B. H. [R-NY-24], Rep. Glickman, Dan [D-KS-4], Rep. Kelly, Richard [R-FL-5], Rep. Marks, Marc L. [R-PA-24], Rep. Wilson, Charles [D-TX-2], Rep. Murphy, Morgan F. [D-IL-2], Rep. Long, Clarence D. [D-MD-2], Rep. Collins, James M. [R-TX-3], Rep. McClory, Robert [R-IL-13], Rep. Pritchard, Joel [R-WA-1], Rep. Evans, Thomas B., Jr. [R-DE-At Large], Rep. Robinson, J. Kenneth [R-VA-7], Rep. Devine, Samuel L. [R-OH-12]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act. Limits the amount of such exclusion to $1,500 per year. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment plan.

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

Timeline

  1. 15 January 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Showing 48 of 108 sponsors and actors.

Related records

Sources

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