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United States · Bill · HR

H.R. 654 (99th)

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

referredUnited States· United States Congress· EN

Introduced

24 January 1985

Last action

24 January 1985 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Pickle, J. J. [D-TX-10], Rep. Frenzel, Bill [R-MN-3], Rep. Andrews, Michael [D-TX-25], Rep. Armey, Richard K. [R-TX-26], JOE BARTON, Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. de la Garza, E. [D-TX-15], Rep. Hyde, Henry J. [R-IL-6], Rep. Kolter, Joseph P. [D-PA-4], Rep. Wortley, George C. [R-NY-27], Rep. Fish, Hamilton, Jr. [R-NY-25], Rep. Nielson, Howard C. [R-UT-3], Rep. Dannemeyer, William E. [R-CA-39], Rep. Porter, John Edward [R-IL-10], Rep. Weber, Vin [R-MN-2], Sen. McCain, John [R-AZ], Rep. Broyhill, James T. [R-NC-10], F. SENSENBRENNER, Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Whitehurst, G. William [R-VA-2], Rep. Gray, Kenneth J. [D-IL-24], Rep. Zschau, Edwin V. W. [R-CA-12], Rep. Monson, David S. [R-UT-2], Rep. Taylor, G. [R-MO-7], Rep. Rinaldo, Matthew J. [R-NJ-12], Rep. Saxton, Jim [R-NJ-13], Rep. Dreier, David [R-CA-33], Rep. Fields, Jack [R-TX-8], Rep. Edwards, Mickey [R-OK-5], Rep. Neal, Stephen L. [D-NC-5], Rep. Hendon, Bill [R-NC-11], Rep. Badham, Robert E. [R-CA-40], Rep. Mollohan, Alan B. [D-WV-1]

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. (Present law limits such exclusion to dividend reinvestment in stock of public utilities.) Limits the amount of such exclusion to $1,500 per taxable year ($3,000 in the case of a joint return.)

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

Timeline

  1. 24 January 1985

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 24 January 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 January 1985

    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

Related records

No cross-record relationships stored yet.

Sources

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