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United States · Bill · HR

H.R. 159 (106th)

American Dream Tax Fairness Equity Act of 1997

referredUnited States· United States Congress· EN

Introduced

6 January 1999

Last action

6 January 1999 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Hill, Rick [R-MT-At Large], Sen. Talent, Jim [R-MO], Rep. Chenoweth-Hage, Helen [R-ID-1], Rep. Schaffer, Bob [R-CO-4]

Subjects

Taxation

Source updated

20 August 2025

Taxation

Summary

American Dream Tax Fairness Equity Act of 1997 - Amends the Internal Revenue Code to reduce the three-year capital gains rate to 15 percent. Revises provisions regulating the computation of estate and gift taxes and credits, basing the taxes and credits on capital gains. Requires a trust, on the death of any individual who contributed property to the trust, to recognize gain or loss as if that property was sold for its fair market value on the death date. Provides for the treatment of contributions by partnerships or corporations.

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

Timeline

  1. 6 January 1999

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 6 January 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 January 1999

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 6 January 1999

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 6 January 1999

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 6 January 1999

    Open at official source

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Sponsors

Related records

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Sources

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