HR 12200 · 95th Congress · Income tax

A bill to amend section 422 of the Internal Revenue Code of 1954.

Introduced 1978-04-18· Sponsored by Rep. Holland, Kenneth L. [D-SC-5]· House

Bill Progress

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Introduced
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Committee
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House Vote
4
Senate
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-10-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to prohibit the transferee of a qualified stock option from making an election to include in his gross income in the year of transfer the excess of the fair market value of such option over the amount paid for it.…

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