HR 1389
111th Congress
House
Taxation
Financial services and investments
Fraud offenses and financial crimes
Income tax credits
Fraudulent Tax Relief Act of 2009
Introduced: March 9, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2009
Referred to the House Committee on Ways and Means.
Mar 9, 2009
Introduced in House
Plain-English summary
Fraudulent Tax Relief Act of 2009 - Amends the Internal Revenue Code to allow a refundable tax credit for taxes paid on earnings: (1) from an investment which the taxpayer did not know, and reasonably should not have known, was fraudulent; (2) which were reinvested in such investment; and (3) which remained so reinvested until the fraud was discovered. Makes such tax credit applicable to frauds discovered during 2008.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1