To amend the Internal Revenue Code of 1986 to provide that no capital gains tax shall apply to individuals.

Summary

Amends the Internal Revenue Code to allow a taxpayer other than a corporation a 100 percent deduction of net capital gain from gross income. Allows such deduction in computing adjusted gross income.

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

Timeline

1. 24 February 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 24 February 1995

   Introduced

   Sponsor introductory remarks on measure. (CR E437)

   Source: IntroReferral

3. 24 February 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 February 1995

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 February 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 February 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 February 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 February 1995

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Blute, Peter I. [R-MA-3] · R · Sponsor
• Rep. McKeon, Howard P. "Buck" [R-CA-25] · R · Sponsor
• Rep. Hancock, Mel [R-MO-7] · R · Sponsor
• Rep. Forbes, Michael P. [R-NY-1] · R · Cosponsor
• Rep. Saxton, Jim [R-NJ-13] · R · Cosponsor
• Ken Calvert · R · Cosponsor
• Rep. Inglis, Bob [R-SC-4] · R · Cosponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Cosponsor
• Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Cosponsor
• JOE BARTON · R · Cosponsor
• Rep. Norwood, Charles W. [R-GA-10] · R · Cosponsor
• · hswm00 · Standing

Related records

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