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. Directs the Comptroller General to report to Congress on the economic impact of this Act.

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Timeline

1. 28 June 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 28 June 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 June 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 28 June 1978

  Open at official source

Sponsors

• Rep. Hannaford, Mark W. [D-CA-34] · D · Sponsor
• · hswm00 · Standing

Related records

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