S 1940
107th Congress
Senate
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Ending the Double Standard for Stock Options Act
Introduced: February 13, 2002
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2002
Read twice and referred to the Committee on Finance.
Feb 13, 2002
Sponsor introductory remarks on measure. (CR S735-740)
Feb 13, 2002
Introduced in Senate
Plain-English summary
Ending the Double Standard for Stock Options Act - Amends the Internal Revenue Code to limit the amount of deductions taken for property transferred in connection with a stock option to the amount treated as an expense by taxpayer in ascertaining income, profit, or loss.
Requires Secretary to formulate rules where the stock option is granted by a parent or subsidiary corporation.
Excludes from the definition of "wages," for purposes of the research tax credit, the amount of property transferred in connection with a stock option and required to be included in a report or statement until such amount is so included. Limits the portion of the amount to be treated as wages to no more than the amount of the deduction taken with respect to such amount.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1