United States · Bill · HR
H.R. 109 (100th)
A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of capital gains at a rate of 10 percent.
Introduced
6 January 1987
Last action
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Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to reduce the alternative tax on capital gains realized by a corporation from 34 percent to ten percent of net capital gains. Provides for cost-of-living adjustments to such rate. Eliminates the holding period requirement for capital assets.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 6 January 1987
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/house-bill/109
- Open data entity: https://api.congress.gov/v3/bill/100/hr/109