A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of incentive stock options.

Summary

Amends the Internal Revenue Code to repeal the inclusion of incentive stock options as an item of tax preference for purposes of the minimum tax. Repeals requirements that incentive stock options must be exercised in chronological order. Modifies the present $100,000 limit on the aggregate amount of incentive stock options which an employer may grant per year.

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

Timeline

1. 11 October 1984

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 11 October 1984

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 16 October 1984

   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 · 11 October 1984

  Open at official source

Sponsors

• Sen. Packwood, Bob [R-OR] · R · Sponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of incentive stock options.