Ending the Double Standard for Stock Options Act
Latest action · Feb 14, 2003 Sponsor introductory remarks on measure. (CR S2520-2521)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 16, 2003
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Requires Secretary to formulate rules where the stock option is granted by a parent or subsidiary corporation.
Excludes from the definition of "wages," for purposes of the research tax credit, the amount of property transferred in connection with a stock option and required to be included in a report or statement until such amount is so included. Limits the portion of the amount to be treated as wages to no more than the amount of the deduction taken with respect to such amount.
Cosponsors 3
Members who signed on, in the order they did. All signed on Jan 16, 2003.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AZ | John McCain | Original | Jan 16, 2003 |
| D-IL | Richard J. Durbin | Original | Jan 16, 2003 |
| D-WI | Russell D. Feingold | Original | Jan 16, 2003 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jan 16, 2003 |
Actions 4
Everything that happened, newest first.
- Feb 14, 2003Sponsor introductory remarks on measure. (CR S2520-2521)
- Jan 16, 2003Introduced in Senate
- Jan 16, 2003Sponsor introductory remarks on measure. (CR S1073-1075)
- Jan 16, 2003Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1075)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S1074Text printed S1075 | Carl Levin D-MI (text) | Jan 16, 2003 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 626 | Ending the Double Standard for Stock Options Act | Identical bill | Feb 6, 2003 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to provide that corporate tax benefits from stock option compensation expenses are allowed only to the extent such expenses are included in a corporation's financial statements.
- Short Titles as Introduced
- Ending the Double Standard for Stock Options Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting
- Administrative procedure
- Business records
- Commerce
- Corporation reports
- Corporation taxes
- Department of the Treasury
- Employee stock options
- Finance and Financial Sector
- Financial statements
- Government Operations and Politics
- Income tax
- Labor and Employment
- Law
- Research and development tax credit
- Science, Technology, Communications
- Subsidiary corporations
- Tax credits
- Tax deductions
- Taxation
- Wages
Text 1
Each version as it was printed, newest first.
- Jan 16, 2003Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.