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

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. 23 July 1980

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 July 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 July 1980

   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

• Introduced in House

  summary · EN · 23 July 1980

  Open at official source

Sponsors

• Rep. Minish, Joseph G. [D-NJ-11] · D · Sponsor
• · hswm00 · Standing

Related records

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