Bill would give mutual fund dividends a tax break

05/26/2009 | InvestmentNews (free registration)

The Generating Retirement Ownership Through Long-Term Holding Act, a bill introduced by Sens. Mike Crapo, R-Idaho, and Tim Johnson, D-S.D., would defer taxation on dividends reinvested into mutual funds. "Stock investors are not taxed until they sell. This legislation would be giving mutual fund investors the same treatment as other investors get," one analyst noted.

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