To amend the Internal Revenue Code of 1986 to clarify the application of section 584(h) of such Code.

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Bill Number

HR 4393

Introduced

Nov 18, 2005

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Finance and Financial Sector Income tax Law Mutual funds Stocks Tax exemption Taxation Trusts and trustees

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Votes

Summary

Amends the Internal Revenue Code to provide a rule for the nonrecognition of gain for certain distributions of regulated investment company stock by common trust funds (regulated bank investment funds) to their participants.

Actions

Nov 18, 2005

Referred to the House Committee on Ways and Means.
Nov 18, 2005

Introduced in House

Amendments

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