S 1032
104th Congress
Senate
Taxation
Capital gains tax
Finance and Financial Sector
Income tax
Law
Losses
Mutual funds
Stocks
Tax deductions
Tax exclusion
Trusts and trustees
Common Trust Fund Improvement Act of 1995
Introduced: July 13, 1995
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 1995
Read twice and referred to the Committee on Finance.
Jul 13, 1995
Sponsor introductory remarks on measure. (CR S9914-9915)
Jul 13, 1995
Introduced in Senate
Plain-English summary
Common Trust Fund Improvement Act of 1995 - 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1