HR 5626
107th Congress
House
Taxation
Business income tax
Business losses
Capital gains tax
Commerce
Corporate collapse
Corporate governance
Corporation taxes
Derivative securities
Derivatives regulation
Futures trading
Income tax
Market manipulation
Options (Contract)
Securities regulation
Stocks
Tax deductions
Tax exclusion
To amend the Internal Revenue Code of 1986 to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.
Introduced: October 10, 2002
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 11, 2002
Sponsor introductory remarks on measure. (CR E1829)
Oct 10, 2002
Referred to the House Committee on Ways and Means.
Oct 10, 2002
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.
Provides for nonrecognition of derivative gain, loss, or deduction items (as defined by this Act). Excepts certain forward contracts from such treatment.
What's happening now
Sponsor introductory remarks on measure. (CR E1829)
Committees of jurisdiction
1