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.

3.0.0 815 2022-11-15T16:35:18Z 2022-11-15T16:35:18Z House H HR 2013-02-25 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. OWENS:H.R. 815.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Sections 7 and 8, of the UnitedStates Constitution.[Page H628]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-02-25T19:03:00Z 2013-02-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-02-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-02-25 Introduced in House IntroReferral 1000 9 Library of Congress O000169 Rep. Owens, William L. [D-NY-21] William Owens D NY L. 21 N Taxation Income tax exclusion Interest, dividends, interest rates Small business Wages and earnings Taxation

00 2013-02-25 Introduced in House 2013-04-03T18:02:14Z 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.

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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. Display Title 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. Official Title as Introduced 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. Introduced in House 2013-02-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr815ih/xml/BILLS-113hr815ih.xml 2013-02-25 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.