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HR 50 108th Congress House

Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to eliminate the double taxation of dividends.

Introduced: January 7, 2003 See on congress.gov
Taxation AliensCommerceCorporation taxesDividends
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Finance and Financial SectorImmigrationIncome taxMinimum taxStocksTax creditsTax deductions
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 7, 2003
Referred to the House Committee on Ways and Means.
Jan 7, 2003
Introduced in House
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 Latest action January 7, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2002 (sic) - Amends the Internal Revenue Code to allow a tax credit for a taxpayer other than a corporation in an amount equal to the shareholder credits determined with respect to dividends received from domestic corporations. Sets a maximum amount for the credit. Prohibits the allotting of credit in certain instances to nonresident aliens.

Provides criteria for calculating a shareholder credit for a dividend. Classifies any shareholder credit determined under this Act as a tax paid by the relevant corporation.

Includes a taxpayer's shareholder credits in gross income.

Permits a corporation to deduct 100 percent of the amount received as dividends from a domestic corporation (presently the Code allows a deduction of 70 percent or 100 percent, depending on the type of dividend). Increases, from 70 to 100 percent, the amount a corporation is allowed to deduct with respect to dividends on certain preferred stock.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Republican 5
R
Blackburn, Marsha
Tennessee · Feb 27, 2003
 R
Diaz-Balart, Mario
Florida · Feb 27, 2003
 R
Issa, Darrell
California · Feb 27, 2003
Vitter, David
· Jan 28, 2003
DeMint, James
· Jan 7, 2003
NETHERCUTT, GEORGE
· Jan 7, 2003
 R
Sessions, Pete
Texas · Jan 7, 2003
SMITH, NICK
· Jan 7, 2003
TIAHRT, TODD
· Jan 7, 2003
 R
Wilson, Joe
South Carolina · Jan 7, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 50: Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-50/
MLA
"H.R. 50: Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-50/.
Bluebook (legal)
H.R. 50, 108th Cong. (2026), https://openamerica.io/bill/108-HR-50/.
Markdown link
[H.R. 50: Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2003](https://openamerica.io/bill/108-HR-50/)
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