United States · Bill · HR
H.R. 1601 (101st)
To amend the Internal Revenue Code of 1986 to provide for a maximum long-term capital gains rate of 15 percent.
Introduced
23 March 1989
Last action
23 March 1989 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Archer, Bill [R-TX-7], Rep. Hefley, Joel [R-CO-5], Rep. Marlenee, Ron [R-MT-2], DANA ROHRABACHER, Rep. Dornan, Robert K. [R-CA-38], Rep. Stump, Bob [R-AZ-3], Rep. Paxon, Bill [R-NY-31], Rep. Wilson, Charles [D-TX-2], Rep. Shumway, Norman D. [R-CA-14], Rep. Bunning, Jim [R-KY-4], Rep. Broomfield, William S. [R-MI-19], Rep. Brown, Hank [R-CO-4], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Gallegly, Elton [R-CA-21], Rep. Hastert, J. Dennis [R-IL-14], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Hancock, Mel [R-MO-7], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Ballenger, Cass [R-NC-10], Rep. Packard, Ron [R-CA-43], Rep. Shays, Christopher [R-CT-4]
Subjects
Taxation
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to reduce the maximum capital gains rate from: (1) 28 percent to 15 percent for noncorporate taxpayers; and (2) 34 percent to 15 percent for corporate taxpayers. Reduces from 20 percent to 15 percent the tax rate on capital gains under the alternative minimum tax.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
23 March 1989
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
23 March 1989
Introduced
Introduced in House
Source: IntroReferral
23 March 1989
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · undated · Official file
Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 23 March 1989
Sponsors
- Rep. Archer, Bill [R-TX-7] · R · Sponsor
- Rep. Hefley, Joel [R-CO-5] · R · Cosponsor
- Rep. Marlenee, Ron [R-MT-2] · R · Cosponsor
- DANA ROHRABACHER · R · Cosponsor
- Rep. Dornan, Robert K. [R-CA-38] · R · Cosponsor
- Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
- Rep. Paxon, Bill [R-NY-31] · R · Cosponsor
- Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
- Rep. Shumway, Norman D. [R-CA-14] · R · Cosponsor
- Rep. Bunning, Jim [R-KY-4] · R · Cosponsor
- Rep. Broomfield, William S. [R-MI-19] · R · Cosponsor
- Rep. Brown, Hank [R-CO-4] · R · Cosponsor
- Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
- Rep. Gallegly, Elton [R-CA-21] · R · Cosponsor
- Rep. Hastert, J. Dennis [R-IL-14] · R · Cosponsor
- Rep. Barnard, Doug, Jr. [D-GA-10] · D · Cosponsor
- Rep. Hancock, Mel [R-MO-7] · R · Cosponsor
- Rep. Tallon, Robert M. (Robin) [D-SC-6] · D · Cosponsor
- Rep. Ballenger, Cass [R-NC-10] · R · Cosponsor
- Rep. Packard, Ron [R-CA-43] · R · Cosponsor
- Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
- · hswm00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/house-bill/1601
- Open data entity: https://api.congress.gov/v3/bill/101/hr/1601
- us · 101-hr-1601 · source updated 7 February 2024