A bill to amend section 1235 of the Internal Revenue Code (relating to the sale or exchange of patents) to provide that such section applies to certificates of plant variety protection and to patents acquired from certain qualified institutions.

Summary

Amends the Internal Revenue Code to redefine a "holder" of patents to include an individual who acquires a patent from an institutional employer of the creator, for purposes of capital gains taxation. Redefines "patent" to include a certificate of plant variety protection.

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

Timeline

1. 23 March 1982

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 23 March 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 25 March 1982

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 23 March 1982

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend section 1235 of the Internal Revenue Code of 1954 (relating to the sale or exchange of patents) to provide that such section applies to certificates of plant variety protection and to certain patents acquired from certain qualified institutions.