HR 12905 · 95th Congress · Taxation

A bill relating to tax treatment of qualified dividend reinvestment plans.

Introduced 1978-05-31· Sponsored by Rep. Pickle, J. J. [D-TX-10]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-31)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act.…

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

Cosponsors (6)

1 Democrat5 Republicans