H.R.4912 - To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts.

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  • Official: To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts. as introduced.

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Introduced
 
House
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12/18/07
 
 
 
 
 
 
 

Official Bill Text Comment on about 9 Pages

Official Summary

12/19/2007--Introduced.Amends the Internal Revenue Code to set forth rules for the treatment of income, loss, and distributions relating to a prepaid derivative contract. Defines "prepaid derivative contract" as any prepaid contract with a term longer than one year from the date
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Official Summary

12/19/2007--Introduced.
Amends the Internal Revenue Code to set forth rules for the treatment of income, loss, and distributions relating to a prepaid derivative contract. Defines "prepaid derivative contract" as any prepaid contract with a term longer than one year from the date of issue which is a derivative financial instrument with respect to any security, commodity, or financial index.

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Recent Blog Coverage

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10/05/08
Structured Notes, Prepaid Forward Contracts and Exchange Traded ...

This panel will discuss HR 4912 (the “Neal” bill) and other possible responses the government could make to ETNs as well as the threshold issue of whether any response is necessary. Structured Notes, Prepaid Forward Contracts and ...

Source: West legaledcenter New Programs
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04/20/08
spa-2008 day 2: future challenges, opportunities (prospect news ...

richard neal, d-mass., who is "in the mutual fund district," according to browning, has already introduced and is pushing hr 4912, which would require all etns to be taxed similarly to a mutual fund. "so that’sa big heads-up," brow

Source: Structured Products 2008
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03/17/08
assignment

“We are concerned that HR 4912 would impose an overly complex tax regime that would single out prepaid derivative contracts for unfavorable treatment by requiring that investors include amounts in income that they have no right to ...

Source: 自言自语
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