Investment Incentive Act

Summary

Investment Incentive Act - Amends the Internal Revenue Code to restore part of the pre-1969 tax treatment of capital gains by repealing the capital gains item of tax preference for the minimum tax; lowering the corporate alternative tax to 25 percent of net capital gain; and lowering the alternative individual tax to 25 percent of net capital gain.

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

Timeline

1. 25 May 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 25 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 25 May 1978

  Open at official source

Sponsors

• Rep. Lent, Norman F. [R-NY-4] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Investment Incentive Act