Generate Retirement Ownership Through Long-Term Holding Act of 2005
Last action on May 5, 2005Referred to the House Committee on Ways and Means.
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Summary
Generate Retirement Ownership Through Long-Term Holding Act of 2005 - Amends the Internal Revenue Code to provide that no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.
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