US HB1389 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 11-2)
Status: Introduced on March 9 2009 - 25% progression, died in committee
Action: 2009-03-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 9 2009 - 25% progression, died in committee
Action: 2009-03-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Fraudulent Tax Relief Act of 2009 - Amends the Internal Revenue Code to allow a refundable tax credit for taxes paid on earnings: (1) from an investment which the taxpayer did not know, and reasonably should not have known, was fraudulent; (2) which were reinvested in such investment; and (3) which remained so reinvested until the fraud was discovered. Makes such tax credit applicable to frauds discovered during 2008.
Title
Fraudulent Tax Relief Act of 2009
Sponsors
| Rep. Gary Ackerman [D-NY] | Rep. Robert Andrews [D-NJ] | Rep. Timothy Bishop [D-NY] | Rep. Barney Frank [D-MA] |
| Rep. John Hall [D-NY] | Rep. Peter King [R-NY] | Rep. Nita Lowey [D-NY] | Rep. Carolyn Maloney [D-NY] |
| Rep. Patrick Murphy [R-PA] | Rep. Jerrold Nadler [D-NY] | Rep. Ed Perlmutter [D-CO] | Rep. Ciro Rodriguez [D-TX] |
| Rep. Steven Rothman [D-NJ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-03-09 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB1159 (Related) 2009-02-24 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/1389/all-info |
| Text | https://www.congress.gov/111/bills/hr1389/BILLS-111hr1389ih.pdf |
