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United States · Bill · HR

H.R. 1029 (101st)

Capital Investment Act of 1989

referredUnited States· United States Congress· EN

Introduced

21 February 1989

Last action

21 February 1989 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Morrison, Sid [R-WA-4], Rep. AuCoin, Les [D-OR-1], Rep. Thomas, Lindsay [D-GA-1], Sen. Wyden, Ron [D-OR], Rep. Callahan, Sonny [R-AL-1], Rep. Rowland, J. Roy [D-GA-8], Rep. Smith, Denny [R-OR-5], Rep. Skeen, Joe [R-NM-2], Rep. Smith, Robert [R-OR-2], Rep. Lipinski, William O. [D-IL-3], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Wilson, Charles [D-TX-2], Rep. Ray, Richard B. [D-GA-3], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Shays, Christopher [R-CT-4], Rep. Swift, Al [D-WA-2], Rep. Campbell, Tom [R-CA-15], Rep. Ravenel, Arthur, Jr. [R-SC-1], Rep. McEwen, Bob [R-OH-6], Rep. DeFazio, Peter A. [D-OR-4], Sen. Craig, Larry E. [R-ID], Rep. Robinson, Tommy F. [D-AR-2], Rep. Nielson, Howard C. [R-UT-3], Rep. Whittaker, Bob [R-KS-5], Rep. Atkins, Chester G. [D-MA-5], Rep. Gingrich, Newt [R-GA-6]

Subjects

Taxation

Source updated

26 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Capital Investment Act of 1989 - Amends the Internal Revenue Code to reduce from 34 percent to 20 percent the alternative tax rate on capital gains realized by a corporation. Excludes collectibles from capital gains calculations. Revises the method of calculating the deduction for capital gains of noncorporate taxpayers, allowing a deduction equal to: (1) 100 percent for assets held five years or longer; (2) 60 percent for assets held for between three and five years; and (3) 40 percent for assets held for between one and three years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 February 1989

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 21 February 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 February 1989

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 21 February 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

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Sources

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