To amend the Internal Revenue Code of 1986 to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.

Fact Sheet API

Bill Number

HR 5626

Introduced

Oct 10, 2002

Latest Action

Sponsor introductory remarks on measure. (CR E1829)

Sponsor

Cosponsors

Topics

Business income tax Business losses Capital gains tax Commerce Corporate collapse Corporate governance Corporation taxes Derivative securities Derivatives regulation Futures trading Income tax Market manipulation Options (Contract) Securities regulation Stocks Tax deductions Tax exclusion Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to revise the tax treatment of derivative transactions entered into by a corporation with respect to its stock.

Provides for nonrecognition of derivative gain, loss, or deduction items (as defined by this Act). Excepts certain forward contracts from such treatment.

Actions

Oct 11, 2002

Sponsor introductory remarks on measure. (CR E1829)
Oct 10, 2002

Referred to the House Committee on Ways and Means.
Oct 10, 2002

Introduced in House

Amendments

Related Bills