Window of Opportunity Act

Summary

TABLE OF CONTENTS: Title I: Temporary Reduction in Tax on Capital Gains Title II: Indexing of Certain Assets Window of Opportunity Act - Title I: Temporary Reduction in Tax on Capital Gains - Amends the Internal Revenue Code to reduce the individual and corporate capital gains taxes to six percent (three percent for low- and middle-income taxpayers) on capital gains during a moratorium period of one year beginning after the date of enactment of this Act. Title II: Indexing of Certain Assets - Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset or property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 September 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 21 September 1993

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• Introduced in House

  summary · EN · 21 September 1993

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