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H.R. 5396 (108th): Financial Transactions Equity Act of 2004

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/19/2004--Introduced. 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.