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United States · Bill · HR

H.R. 512 (104th)

To amend the Internal Revenue Code of 1986 to reduce the capital gains tax on stock of domestic corporations engaged in manufacturing and to index the basis of such stock for inflation.

referredUnited States· United States Congress· EN

Introduced

13 January 1995

Last action

13 January 1995 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Meehan, Martin T. [D-MA-5], Rep. Franks, Bob [R-NJ-7], Rep. Quinn, Jack [R-NY-27], Rep. Lipinski, William O. [D-IL-3], Rep. Molinari, Susan [R-NY-13], Rep. Ackerman, Gary L. [D-NY-5], Rep. Mineta, Norman Y. [D-CA-15]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Summary

Amends the Internal Revenue Code to reduce the rate of the individual and corporate capital gains tax on the sale or exchange of stock of qualified domestic manufacturers. Provides for indexing the basis of such stock which has been held for more than three years.

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

Timeline

  1. 13 January 1995

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 13 January 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 January 1995

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 January 1995

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 13 January 1995

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 January 1995

    Open at official source

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Sponsors

Related records

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Sources

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