HR 3631
103th Congress
House
Taxation
Capital gains tax
Finance and Financial Sector
Income tax
Losses
Mutual funds
Stocks
Tax deductions
Tax exclusion
Trusts and trustees
To amend the Internal Revenue Code of 1986 to provide nonrecognition treatment for certain transfers by common trust funds to regulated investment companies.
Introduced: November 22, 1993
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 22, 1993
Referred to the House Committee on Ways and Means.
Nov 22, 1993
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide for the nonrecognition of gain or loss for the transfer of common trust fund assets to regulated investment companies in exchange for stock when the stock is distributed to participants of the common trust fund in exchange for their interest in such fund.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1