To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the 1-time exclusion of gain from sale of a principal residence by individuals who have attained age 55, to increase the amount of the unified estate and gift tax credits, and to reduce the tax on capital gains.

Summary

Amends the Internal Revenue Code to increase the limitation on the one-time exclusion of gain from the sale of a principal residence by an individual who has attained age 55 and provide a cost-of-living adjustment for such amount. Increases the unified credit against the estate tax and the unified credit against the gift tax and provides a cost-of-living adjustment for such credits. Reduces the capital gains tax for a taxpayer other than a corporation by allowing the deduction of 50 percent of the net capital gain. Provides for computing such deduction for estates and trusts. Disallows such deduction against the minimum tax.

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

Timeline

1. 25 January 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 January 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 January 1993

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 25 January 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Rohrabacher, Dana [R-CA-48] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Sponsor
• Rep. Emerson, Bill [R-MO-8] · R · Sponsor
• Rep. Porter, John Edward [R-IL-10] · R · Sponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Rep. Smith, Robert [R-OR-2] · R · Sponsor
• Rep. McCollum, Bill [R-FL-8] · R · Sponsor
• Rep. Schiff, Steven [R-NM-1] · R · Sponsor
• Sen. Kyl, Jon [R-AZ] · R · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Moorhead, Carlos J. [R-CA-22] · R · Sponsor
• Rep. Ravenel, Arthur, Jr. [R-SC-1] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Sponsor
• Rep. Gallegly, Elton [R-CA-24] · R · Sponsor
• Rep. Goss, Porter J. [R-FL-14] · R · Sponsor
• Rep. Cox, Christopher [R-CA-48] · R · Sponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
• Rep. Dornan, Robert K. [R-CA-46] · R · Sponsor
• Rep. McHugh, John M. [R-NY-23] · R · Sponsor
• Rep. Baker, Bill [R-CA-10] · R · Sponsor
• Rep. Smith, Christopher H. [R-NJ-4] · R · Sponsor
• Rep. Spence, Floyd [R-SC-2] · R · Sponsor
• Rep. Taylor, Charles H. [R-NC-11] · R · Sponsor
• Rep. Bentley, Helen Delich [R-MD-2] · R · Sponsor
• Rep. Sensenbrenner, F. James, Jr. [R-WI-5] · R · Sponsor
• Rep. Levy, David A. [R-NY-4] · R · Sponsor
• Rep. Linder, John [R-GA-7] · R · Sponsor
• Rep. Myers, John T. [R-IN-7] · R · Sponsor
• Rep. Blute, Peter I. [R-MA-3] · R · Sponsor
• Rep. Pombo, Richard W. [R-CA-11] · R · Sponsor
• Rep. Gingrich, Newt [R-GA-6] · R · Sponsor
• Rep. Hancock, Mel [R-MO-7] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Royce, Edward R. [R-CA-39] · R · Sponsor
• Rep. Upton, Fred [R-MI-6] · R · Sponsor
• Rep. McCandless, Alfred A. (Al) [R-CA-44] · R · Cosponsor
• Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
• Rep. Saxton, Jim [R-NJ-3] · R · Cosponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Cosponsor
• Rep. Machtley, Ronald K. [R-RI-1] · R · Cosponsor
• Rep. King, Peter T. [R-NY-2] · R · Cosponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Cosponsor
• Sen. Crapo, Mike [R-ID] · R · Cosponsor
• Sen. Grams, Rod [R-MN] · R · Cosponsor
• Rep. Fields, Jack [R-TX-8] · R · Cosponsor
• Rep. Crane, Philip M. [R-IL-8] · R · Cosponsor

Showing 48 of 63 sponsors and actors.

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