There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/03/2001)

Amends the Internal Revenue Code to exclude, subject to a $3,000 maximum exclusion (double for a joint return), from gross income a capital gain dividend which is: (1) distributed by a regulated investment company; and (2) automatically reinvested by the company in the stock of such company with respect to which the dividend is distributed.