United States · Bill · HR
H.R. 461 (101st)
To amend the Internal Revenue Code of 1986 to provide for the taxation of capital gains at a rate of 15 percent.
Introduced
4 January 1989
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to reduce the alternative tax rate on capital gains realized by a corporation from 34 percent to 15 percent, subject to adjustments to avoid tax increases due to inflation. Eliminates the holding period requirement with respect to capital assets associated with the tax.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 4 January 1989
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/461
- Open data entity: https://api.congress.gov/v3/bill/101/hr/461