A bill to amend the Internal Revenue Code of 1954 to increase the deduction for net capital gains from 60 percent to 70 percent and to reduce to 6 months the holding period required for long-term capital gain treatment.

referredUnited States· United States Congress· EN

Introduced

7 December 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase the capital gains deduction from 60 to 70 percent. Reduces from one year to six months the holding period requirement for long-term capital gain treatment.

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Documents

1 official file

Introduced in House
summary · EN · 7 December 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/5120
Open data entity: https://api.congress.gov/v3/bill/97/hr/5120