Generating Retirement Ownership through Long-Term Holding

This bill allows individual investors to defer paying taxes on capital gains from mutual fund dividends when they automatically reinvest those dividends through a dividend reinvestment plan. The deferred tax is triggered only when the investor sells shares or dies, rather than at the time of dividend receipt. It applies to most individual investors in regulated investment companies (like mutual funds) but excludes dependents and estates. The bill also adjusts holding period rules for reinvested shares, treating them as held for one year and a day from the date of reinvestment.