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United States · Bill · HR

H.R. 654 (97th)

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

openUnited States· United States Congress· EN

Introduced

5 January 1981

Last action

4 August 1981 · Committee

Status

See H.R.4242.

Sponsors

Rep. Pickle, J. J. [D-TX-10], Rep. Archer, Bill [R-TX-7], Rep. Badham, Robert E. [R-CA-40], Rep. Bowen, David R. [D-MS-2], Rep. Butler, M. Caldwell [R-VA-6], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Collins, James M. [R-TX-3], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Dornan, Robert K. [R-CA-46], Rep. Ertel, Allen E. [D-PA-17], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Frenzel, Bill [R-MN-3], Rep. Frost, Martin [D-TX-24], Rep. Ginn, Bo [D-GA-1], Rep. Glickman, Dan [D-KS-4], Rep. Horton, Frank J. [R-NY-29], Rep. Howard, James J. [D-NJ-3], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Kemp, Jack [R-NY-31], Rep. Kindness, Thomas N. [R-OH-8], Rep. Kramer, Ken [R-CO-5], Sen. Lott, Trent [R-MS], Rep. Pepper, Claude [D-FL-18], Rep. Price, Melvin [D-IL-21], Rep. Rousselot, John H. [R-CA-26], Rep. Sawyer, Harold S. [R-MI-5], Rep. Shumway, Norman D. [R-CA-14], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Stenholm, Charles W. [D-TX-17], Rep. Wilson, Charles [D-TX-2], Rep. Hall, Sam B., Jr. [D-TX-1], Rep. Duncan, John J. [R-TN-2], Rep. Hance, Kent R. [D-TX-19], Rep. Whitehurst, G. William [R-VA-2], Rep. Hightower, Jack E. [D-TX-13], Rep. McDade, Joseph M. [R-PA-10], Rep. Lehman, William [D-FL-17], Rep. Mottl, Ronald M. [D-OH-23], Rep. Lloyd, Marilyn [D-TN-3], Rep. Edgar, Robert W. [D-PA-7], Rep. Goldwater, Barry, Jr. [R-CA-20], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Fazio, Vic [D-CA-3], Rep. Snyder, M. G. (Gene) [R-KY-4], Rep. Hinson, Jon C. [R-MS-4], Rep. Davis, Robert W. [R-MI-11], Rep. Roe, Robert A. [D-NJ-8]

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. 5 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 5 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 January 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  4. 4 August 1981

    Committee

    See H.R.4242.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Showing 48 of 165 sponsors and actors.

Related records

Sources

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