U.S. Congress - S.1588 STOP Act
S.1588 - STOP Act
A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and related commodities, and for other purposes. view all titles (3)
All Bill Titles
- Short: STOP Act as introduced.
- Short: Stop Taxbreaks for Oil Profiteering Act as introduced.
- Official: A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and related commodities, and for other purposes. as introduced.
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Official Summary
8/6/2009--Introduced.Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to: (1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and (2) rOfficial Summary
8/6/2009--Introduced.Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to:(1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and
(2) require certain tax-exempt entities to pay unrelated business tax on gain or loss from the sale or exchange of oil or natural gas and related commodities. Makes such tax treatment applicable to commodities acquired after August 31, 2009, and before January 1, 2014. Directs the Secretary of the Treasury to study and report to Congress on the tax treatment of certain commodities and contracts under section 1256 of the Internal Revenue Code.
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Recent Blog Coverage
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Senate Candidate Criticized For Redistricting E-Mail | Politics on ...
Senator Schneiderman's S.1588 was subject to a motion on the floor of the Senate in 2006 to get it out of committee. Republicans rejected that motion, and therefore rejected the bill. Reisman's posting chose to ignore that fact, ...
Forschungsmafia » Blog Archive » Der Wissenschaftsbetrug der ...
S. 1588, geändert mit Ordnung vom 15. August 2005 StAnz. S. 1198. Ich hatte denen ausdrücklich geschrieben, daß laut Verfassung und Bundesverfassungsgericht eine Prüfung einer gesetzlichen Grundlage bedarf, und der Gesetzgeber die ...
Lester Young - Handytarife & Handy-Angebote
Ausführlich dokumentiert auf den 8 CDs der âComplete Lester Young Studio Sessions on Verveâ. Richard Morton/Brian Cook: The Penguin Guide to Jazz On CD, Sixth edition, Penguin, London 2002. â S. 1588. Rainer Nolden: Count Basie. ...
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