Bill113th CongressFiled Feb 25, 2013Taxation
H.R. 815
To amend the Internal Revenue Code of 1986 to make certain dividends and distributions paid to individuals from certain small businesses exempt from tax to the extent of the increased wages of the small business.
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Under committee review
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Became LawLaw
What it doesSummary introduced in house (Feb 25, 2013)
Amends the Internal Revenue Code to exclude from gross income increased-wage exempt-dividends distributed to an individual by a corporation or a partnership which is a small business concern (as defined by the Small Business Act). Defines "increased-wage exempt-dividends" as dividends paid by a small business concern that do not exceed the increase in wages paid by the small business concern over wages paid in the preceding taxable year.
What just happenedFeb 25, 2013
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Owens, William L. [D-NY-21](D-NY)Sponsor
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- Introduced in HouseFeb 25, 2013
- Feb 25, 2013IntroReferralH11100
Referred to the House Committee on Ways and Means.
- Feb 25, 2013IntroReferralIntro-H
Introduced in House
- Feb 25, 2013IntroReferral1000
Introduced in House