Summary: H.R.5396 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.5396. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/19/2004)

Financial Transactions Equity Act of 2004 - Amends the Internal Revenue Code to allow a tax deduction for a certain percentage of the dividends received by a U.S. domestic corporation from a corporation organized under the laws of the Commonwealth of Puerto Rico.