Ending the Double Standard for Stock Options Act

Summary

Ending the Double Standard for Stock Options Act - Amends the Internal Revenue Code to limit the amount of deductions taken for property transferred in connection with a stock option to the amount treated as an expense by taxpayer in ascertaining income, profit, or loss. Requires Secretary to formulate rules where the stock option is granted by a parent or subsidiary corporation. Excludes from the definition of "wages," for purposes of the research tax credit, the amount of property transferred in connection with a stock option and required to be included in a report or statement until such amount is so included. Limits the portion of the amount to be treated as wages to no more than the amount of the deduction taken with respect to such amount.

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Timeline

1. 16 January 2003

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1075)

   Source: IntroReferral

2. 16 January 2003

   Introduced

   Sponsor introductory remarks on measure. (CR S1073-1075)

   Source: IntroReferral

3. 16 January 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 14 February 2003

   Introduced

   Sponsor introductory remarks on measure. (CR S2520-2521)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 16 January 2003 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 January 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 January 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 16 January 2003

  Open at official source

Sponsors

• Sen. Levin, Carl [D-MI] · D · Sponsor
• Sen. McCain, John [R-AZ] · R · Sponsor
• Richard Durbin · D · Sponsor
• Sen. Feingold, Russell D. [D-WI] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Ending the Double Standard for Stock Options Act