A bill to repeal the withholding on interest, dividends, and patronage dividends enacted by the Tax Equity and Fiscal Responsibility Act of 1982 and to require, in lieu of such withholding, the Secretary of the Treasury to use existing information returns to ensure that the proper amount of tax is collected with respect to interest, dividends, and patronage dividends.

Summary

Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal provisions which require the withholding of tax on interest and dividends. Directs the Secretary of the Treasury to ensure tax collection on such income by matching information returns with individual income tax returns.

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

Timeline

1. 16 September 1982

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 16 September 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 September 1982

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 16 September 1982

  Open at official source

Sponsors

• Rep. Dreier, David [R-CA-26] · R · Sponsor
• Rep. Kindness, Thomas N. [R-OH-8] · R · Sponsor
• Rep. LeBoutillier, John [R-NY-6] · R · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Rep. Foglietta, Thomas M. [D-PA-1] · D · Sponsor
• Rep. Dornan, Robert K. [R-CA-46] · R · Sponsor
• Rep. Hagedorn, Thomas M. [R-MN-2] · R · Sponsor
• Rep. Young, C. W. Bill [R-FL-13] · R · Sponsor
• Rep. Tauke, Thomas Joseph [R-IA-2] · R · Sponsor
• · hswm00 · Standing

Related records

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