Middle Class Savings and Capital Gains Act of 1995

Summary

Middle Class Savings and Capital Gains Act of 1995 - Amends the Internal Revenue Code to allow individuals, in computing their adjusted gross income, a deduction of 100 percent of their net capital gain. Sets a $100,000 lifetime limit on the deduction and adjusts for inflation the balance of this amount remaining after the first year the deduction is taken. Excludes from determinations of the deduction the gain on the sale or exchange of a principal residence by a taxpayer under age 55.

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Timeline

1. 24 March 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 24 March 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 March 1995

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 March 1995 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 March 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 March 1995

  ViewDownloadOpen at official source

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  Vertaal document

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

• Introduced in House

  summary · EN · 24 March 1995

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• Rep. Miller, George [D-CA-11] · D · Sponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Sponsor
• Rep. Fattah, Chaka [D-PA-2] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Sponsor
• Rep. Green, Gene [D-TX-29] · D · Cosponsor
• · hswm00 · Standing

Related records

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