To amend the Internal Revenue Code of 1986 to clarify that certain options offered by tax-exempt organizations are not includible in gross income under section 457(f).

Fact Sheet API

Bill Number

HR 1100

Introduced

Mar 5, 2003

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Accounting Employee stock options Finance and Financial Sector Income tax Labor and Employment Tax exclusion Tax-exempt organizations Taxation

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Votes

Summary

Amends the Internal Revenue Code to establish that options without a readily ascertainable fair market value offered by State and local governments and tax-exempt organizations are excluded from gross income.

Actions

Mar 5, 2003

Referred to the House Committee on Ways and Means.
Mar 5, 2003

Introduced in House

Amendments

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