Small Investors Act

Summary

Small Investors Act - Provides that, in the case of a taxpayer other than a corporation, gross income under the Internal Revenue Code does not include an amount representing the excess of the net long-term capital gain for the year over the net short-term capital loss from the sale or exchange of a security or securities, to the extent that such amount does not exceed $1,000. (Adds 26 U.S.C. 124)

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

Timeline

1. 21 June 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 21 June 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 June 1974

   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 · 21 June 1974

  Open at official source

Sponsors

• Rep. Archer, Bill [R-TX-7] · R · Sponsor
• Rep. Bauman, Robert E. [R-MD-1] · R · Cosponsor
• Rep. Broyhill, James T. [R-NC-10] · R · Cosponsor
• Rep. Daniel, W. C. (Dan) [D-VA-5] · D · Cosponsor
• Rep. Davis, Mendel J. [D-SC-1] · D · Cosponsor
• Rep. Fisher, O. C. [D-TX-21] · D · Cosponsor
• Rep. Gray, Kenneth J. [D-IL-22] · D · Cosponsor
• Rep. Helstoski, Henry [D-NJ-9] · D · Cosponsor
• Rep. Murtha, John P. [D-PA-12] · D · Cosponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Cosponsor
• Rep. Robinson, J. Kenneth [R-VA-7] · R · Cosponsor
• Rep. Rooney, Fred B. [D-PA-15] · D · Cosponsor
• Rep. Stuckey, W. S. (Bill), Jr. [D-GA-8] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Small Investors Act