HR 1177 · 98th Congress · Taxation

A bill to repeal the withholding on interest, dividends and patronage dividends enacted by the Tax Equity and Fiscal Responsibility Act of 1982 and to require, in lieu of such withholding, the Secretary of the Treasury to use existing information returns to ensure that the proper amount of tax is collected with respect to interest, dividends, and patronage dividends.

Introduced 1983-02-02· Sponsored by Rep. Dreier, David [R-CA-33]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.2973.(1983-07-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal provisions which require the withholding of tax on interest and dividends. Directs the Secretary of the Treasury to match information returns with tax returns to ensure that tax is collected on interest and dividend income.…

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