H.R. 4486 · 111th Congress
To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off…
Full title
To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HodesSponsor28 cosponsors · 28 D
D
Costello
PD
D
DeFazio
KE
D
Ellison
MK
D
Kaptur
SK
D
Kagen
AM
D
Mollohan
BM
D
McCollum
MM
D
Michaud
EM
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Massa
JO
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Oberstar
CP
D
Peterson
CP
D
Pingree
NR
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Rahall
LS
D
Slaughter
JS
D
Schakowsky
CS
D
Shea-Porter
BS
D
Sutton
JT
D
Tierney
CV
D
Van Hollen
TW
D
Walz
PW
D
Welch
BF
D
Frank
DK
D
Kucinich
MA
D
Arcuri
JO
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Olver
GN
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Napolitano
GG
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Giffords
HJ
D
Johnson21 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to treat securities and nonqualified preferred stock paid to a parent corporation by a subsidiary in a corporate reorganization as cash payments, thus subjecting the gain attributable to such payments to tax.
What it does: CRS summary · Introduced in House · Jan 21, 2010
Amends the Internal Revenue Code to treat securities and nonqualified preferred stock paid to a parent corporation by a subsidiary in a corporate reorganization as cash payments, thus subjecting the gain attributable to such payments to tax.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property.
Latest action (Jan 21, 2010): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jan 21, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.