Allows individuals to defer recognition of reinvested capital gains distributions from regulated investment companies.
This bill amends the Internal Revenue Code to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies. Specifically, it introduces a new section that allows for the nonrecognition of gain on capital gain dividends automatically reinvested in additional shares of the company. The gain is recognized upon a subsequent sale or redemption of stock or upon the death of the individual. The amendments apply to taxable years ending after the date of enactment of this Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.