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HR 5141 108th Congress House Taxation Employee stock options Finance and Financial Sector Income tax Labor and Employment Minimum tax Tax credits Tax exclusion Tax refunds

To amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax treatment of incentive stock options, thereby changing the taxable event from the exercise of the stock option to the sale of stock.

Introduced: September 23, 2004 Introduced by: Lofgren, Zoe Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 23, 2004
Referred to the House Committee on Ways and Means.
Sep 23, 2004
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to repeal the alternative minimum tax treatment of incentive stock options. Makes this repeal applicable to options exercised in 2000 or thereafter regardless of when such options were granted. Allows a waiver of any rule of law preventing the payment of a refund or credit resulting from the enactment of this Act if a claim for a refund or credit is made within one year after enactment.

What's happening now September 23, 2004

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1