A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of small business investment companies electing to be taxed as regulated investment companies.

Summary

Amends the Internal Revenue Code to allow small business investment companies electing to be taxed as regulated investment companies, and having a tax deficiency as a result of a judicial judgment or administrative settlement concerning certain capital gains or dividend deductions, to satisfy such deficiencies by paying out dividends within 90 days after the judgment or settlement.

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Timeline

1. 26 July 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 26 July 1978

   Introduced

   Introduced in Senate

   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 Senate

  summary · EN · 26 July 1978

  Open at official source

Sponsors

• Sen. Nelson, Gaylord [D-WI] · D · Sponsor
• Sen. Curtis, Carl T. [R-NE] · R · Cosponsor
• · ssfi00 · Standing

Related records

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