HR 4486
111th Congress
House
Taxation
Capital gains tax
Corporate finance and management
Securities
Tax administration and collection, taxpayers
To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property.
Introduced: January 21, 2010
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 21, 2010
Referred to the House Committee on Ways and Means.
Jan 21, 2010
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to treat securities and nonqualified preferred stock paid to a parent corporation by a subsidiary in a corporate reorganization as cash payments, thus subjecting the gain attributable to such payments to tax.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1