Allows individuals to defer recognition of reinvested capital gains distributions from regulated investment companies.
The bill amends the Internal Revenue Code to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies. This deferral applies to capital gain dividends that are automatically reinvested in additional shares of the company under a dividend reinvestment plan. The deferred gain is recognized upon the sale or redemption of shares or upon the death of the individual.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.