legislation: 95-s-3430

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
95-s-3430 95 s 3430 A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the value of stock received under qualified dividend reinvestment plans. Taxation 1978-08-18 1978-08-18 Referred to Senate Committee on Finance. Senate Sen. Nelson, Gaylord [D-WI] WI D N000033 0 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 reinvestment plan, as defined in this Act. Limits the amount of any stock distribution to $1,500. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment. 2024-08-01T20:10:55Z  

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