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United States · Bill · HR

H.R. 3128 (102nd)

All-Americans Savings and Investment Incentive Act of 1991

referredUnited States· United States Congress· EN

Introduced

31 July 1991

Last action

31 July 1991 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Gallo, Dean A. [R-NJ-11], Rep. Michel, Robert H. [R-IL-18], Rep. Lewis, Jerry [R-CA-41], Rep. Edwards, Mickey [R-OK-5], Rep. Vander Jagt, Guy [R-MI-9], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Walker, Robert S. [R-PA-16], Rep. Cox, Christopher [R-CA-48], Rep. Hastert, J. Dennis [R-IL-14], Rep. Armey, Richard K. [R-TX-26], Rep. Molinari, Susan [R-NY-13], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Weber, Vin [R-MN-2], Rep. Saxton, Jim [R-NJ-3], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Lewis, Thomas F. [R-FL-12], Rep. Shays, Christopher [R-CT-4], Sen. Kyl, Jon [R-AZ], Rep. Stump, Bob [R-AZ-3], Rep. Ravenel, Arthur, Jr. [R-SC-1], Rep. Dornan, Robert K. [R-CA-46], Rep. Combest, Larry [R-TX-19], Sen. Roberts, Pat [R-KS], Rep. Hammerschmidt, John P. [R-AR-3], Rep. Baker, Richard H. [R-LA-6], Rep. Hunter, Duncan [R-CA-52], Rep. Lent, Norman F. [R-NY-4], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Spence, Floyd [R-SC-2], Rep. Ritter, Don [R-PA-15], Rep. Ballenger, Cass [R-NC-10], Rep. Schaefer, Dan [R-CO-6], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Emerson, Bill [R-MO-8], Rep. Martin, David O'B. [R-NY-26], Rep. Oxley, Michael G. [R-OH-4], Rep. Kasich, John R. [R-OH-12], Rep. Zimmer, Dick [R-NJ-12], Rep. Livingston, Bob [R-LA-1], Rep. Burton, Dan [R-IN-5], Rep. McEwen, Bob [R-OH-6], Rep. Schiff, Steven [R-NM-1], Rep. Rhodes, John J., III [R-AZ-1], Rep. Gunderson, Steve [R-WI-3], Rep. Slaughter, D. French, Jr. [R-VA-7], Rep. Ramstad, Jim [R-MN-3]

Subjects

Taxation

Source updated

26 August 2025

Taxation

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Summary

All-Americans Savings and Investment Incentive Act of 1991 - Amends the Internal Revenue Code to provide individuals a deduction for capital gains based on the period the asset is held (up to three years). Excludes collectibles from such assets. Makes such deduction an item of tax preferences. Excludes from gross income interest received during a taxable year up to $350 ($700 in the case of a joint return). Provides a phaseout of such exclusion for incomes over $50,000. Makes such exclusion applicable to distributions from regulated investment companies and real estate investment trusts. Makes certain nonresident aliens ineligible for such exclusion.

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

Timeline

  1. 31 July 1991

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 31 July 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 31 July 1991

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 31 July 1991

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 94 sponsors and actors.

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Sources

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