US SB2078 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 10 2019 - 25% progression, died in committee
Action: 2019-07-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 10 2019 - 25% progression, died in committee
Action: 2019-07-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Treats dividends paid to children from the Alaska Permanent Fund as earned income, not subject to the "kiddie tax" which taxes income of children as unearned income subject to the parent's marginal tax rate.
Title
A bill to amend the Internal Revenue Code of 1986 to treat Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.
Sponsors
| Sen. Lisa Murkowski [R-AK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-10 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Alaska
Income tax rates
Interest, dividends, interest rates
State and local finance
Tax treatment of families
Taxation
Income tax rates
Interest, dividends, interest rates
State and local finance
Tax treatment of families
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2078/all-info |
| Text | https://www.congress.gov/116/bills/s2078/BILLS-116s2078is.pdf |
