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United States · Bill · HR

H.R. 5096 (98th)

Minority Investment Tax Act of 1984

referredUnited States· United States Congress· EN

Introduced

8 March 1984

Last action

8 March 1984 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Rangel, Charles B. [D-NY-15], Rep. Mitchell, Parren J. [D-MD-7], Rep. Clay, William (Bill) [D-MO-1], Rep. Collins, Cardiss [D-IL-7], Rep. Dixon, Julian C. [D-CA-32], Rep. Ford, Harold E. [D-TN-9], Rep. Gray, William H., III [D-PA-2], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Hayes, Charles A. [D-IL-1], Rep. Towns, Edolphus [D-NY-10], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Stokes, Louis [D-OH-11]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Summary

Minority Investment Tax Act of 1984 - Amends the Internal Revenue Code to provide for the nonrecognition of capital gain where such gain is reinvested in the stock of a mutual fund or other investment company which: (1) primarily invests in business enterprises controlled by minority persons; and (2) is owned, managed, affiliated, or otherwise controlled by a qualified minority company.

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

Timeline

  1. 8 March 1984

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 8 March 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 March 1984

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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