H.R. 5626 — 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.

Summary

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.

Full Text

Legislative Actions

2002-10-10
Introduced in House
2002-10-10
Introduced in House
2002-10-10
Referred to the House Committee on Ways and Means.
2002-10-11
Sponsor introductory remarks on measure. (CR E1829)

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.

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill