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United States · Bill · HR

H.R. 3739 (103rd)

Capital Formation and Jobs Creation Act of 1994

referredUnited States· United States Congress· EN

Introduced

26 January 1994

Last action

26 January 1994 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Archer, Bill [R-TX-7], Rep. Crane, Philip M. [R-IL-8], Rep. Thomas, William M. [R-CA-21], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Sundquist, Don [R-TN-7], Rep. Johnson, Nancy L. [R-CT-5], Rep. Houghton, Amo [R-NY-31], Rep. Herger, Wally [R-CA-2], Rep. McCrery, Jim [R-LA-4], Rep. Hancock, Mel [R-MO-7], Rep. Camp, Dave [R-MI-4], Rep. Zimmer, Dick [R-NJ-12], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Callahan, Sonny [R-AL-1], Sen. Inhofe, James M. [R-OK], Rep. Istook, Ernest J., Jr. [R-OK-5], Rep. Condit, Gary A. [D-CA-18], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Geren, Pete [D-TX-12], Rep. Hayes, James A. [D-LA-7], Rep. Barton, Joe [R-TX-6], Rep. Ramstad, Jim [R-MN-3], Rep. Rohrabacher, Dana [R-CA-48], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Moran, James P. [D-VA-8], Rep. Skeen, Joe [R-NM-2], Rep. Levy, David A. [R-NY-4], Rep. Deal, Nathan [R-GA-9], Rep. Meyers, Jan [R-KS-3], Rep. Dreier, David [R-CA-26], Rep. Livingston, Bob [R-LA-1], Rep. Hutto, Earl [D-FL-1], Sen. Snowe, Olympia J. [R-ME], Rep. Hyde, Henry J. [R-IL-6], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Molinari, Susan [R-NY-13], Rep. McHugh, John M. [R-NY-23], Rep. Schiff, Steven [R-NM-1], Rep. Baker, Richard H. [R-LA-6], Rep. Torkildsen, Peter G. [R-MA-6], Rep. Burton, Dan [R-IN-5], Rep. Miller, Dan [R-FL-13], Rep. Armey, Richard K. [R-TX-26], Rep. Frost, Martin [D-TX-24], Rep. Dornan, Robert K. [R-CA-46], Rep. Darden, George (Buddy) [D-GA-7], Rep. Manzullo, Donald A. [R-IL-16], Rep. Packard, Ron [R-CA-48]

Subjects

Taxation

Source updated

26 August 2025

Taxation

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Summary

Capital Formation and Jobs Creation Act of 1994 - Amends the Internal Revenue Code to allow a 50 percent income tax deduction for the net capital gain of both corporate and noncorporate taxpayers. 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. Allows an itemized deduction for losses arising from the sale or exchange of a principal residence.

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

Timeline

  1. 26 January 1994

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 26 January 1994

    Introduced

    Sponsor introductory remarks on measure. (CR E35)

    Source: IntroReferral

  3. 26 January 1994

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 26 January 1994

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 26 January 1994

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  • Introduced in House (PDF)

    Introduced in House · EN · 26 January 1994

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  • Introduced in House

    summary · EN · 26 January 1994

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Sponsors

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Related records

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Sources

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