HR 5626 · 107th Congress · Taxation

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.

Introduced 2002-10-10· Sponsored by Rep. Neal, Richard E. [D-MA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E1829)(2002-10-11)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only