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United States · Bill · S

S. 141 (97th)

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

openUnited States· United States Congress· EN

Introduced

19 January 1981

Last action

4 May 1981 · Committee

Status

Subcommittee on Savings, Pensions, and Investment. Hearings held.

Sponsors

Sen. Bentsen, Lloyd M. [D-TX], Rep. Baucus, Max [D-MT-1], Sen. Mathias, Charles McC., Jr. [R-MD], Sen. Packwood, Bob [R-OR], Sen. Boren, David L. [D-OK], Sen. Leahy, Patrick J. [D-VT], Sen. Boschwitz, Rudy [R-MN], Sen. Mitchell, George J. [D-ME], Rep. Armstrong, William L. [R-CO-5], Sen. Hart, Gary W. [D-CO], Rep. Symms, Steven D. [R-ID-1]

Subjects

Taxation

Source updated

3 January 2025

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. 19 January 1981

    Introduced

    Read second time and referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 19 January 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 29 January 1981

    Committee

    Subcommittee on Savings, Pensions, and Investment took the following actions.

    Source: Committee

  4. 4 May 1981

    Committee

    Subcommittee on Savings, Pensions, and Investment. Hearings held.

    Source: Committee

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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