Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 63 (97th)

Individual Investors Incentive Act of 1981

referredUnited States· United States Congress· EN

Introduced

5 January 1981

Last action

5 January 1981 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Schulze, Richard T. [R-PA-5], Rep. Crane, Philip M. [R-IL-8], Rep. McClory, Robert [R-IL-13], Rep. Horton, Frank J. [R-NY-29], Rep. Rousselot, John H. [R-CA-26], Rep. Wolpe, Howard E. [D-MI-3], Rep. Collins, James M. [R-TX-3], Rep. Kogovsek, Ray [D-CO-3], Rep. Murphy, Austin J. [D-PA-20], Sen. Shelby, Richard C. [R-AL], Rep. Dornan, Robert K. [R-CA-46], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Duncan, John J. [R-TN-2], Rep. Lloyd, Marilyn [D-TN-3], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Pepper, Claude [D-FL-18], Rep. Whitehurst, G. William [R-VA-2], Rep. de la Garza, E. [D-TX-15], Rep. Broyhill, James T. [R-NC-10], Rep. Sawyer, Harold S. [R-MI-5], Rep. Pritchard, Joel [R-WA-1], Rep. Price, Melvin [D-IL-21], Rep. Mottl, Ronald M. [D-OH-23], Rep. Davis, Robert W. [R-MI-11], Sen. Jeffords, James M. [I-VT], Rep. McDade, Joseph M. [R-PA-10], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Hughes, William J. [D-NJ-2], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Yatron, Gus [D-PA-6], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Dougherty, Charles F. [R-PA-4], Rep. Whittaker, Bob [R-KS-5], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Ritter, Don [R-PA-15], Rep. Myers, John T. [R-IN-7], Rep. Robinson, J. Kenneth [R-VA-7], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Gingrich, Newt [R-GA-6], Rep. Hyde, Henry J. [R-IL-6], Sen. Simon, Paul [D-IL], Rep. Moore, W. Henson [R-LA-6], Rep. Rudd, Eldon D. [R-AZ-4], Rep. Smith, Albert L., Jr. [R-AL-6], Rep. Stump, Bob [R-AZ-3], Sen. Gregg, Judd [R-NH], Rep. Edwards, Mickey [R-OK-5], Rep. Jeffries, Jim [R-KS-2]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

Summary

Individual Investors' Incentive Act of 1981 - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit equal to ten percent of the cost of domestic stock purchased by such taxpayer during the taxable year. Limits the dollar amount of such credit to $1,000 ($2,000 for married individuals filing jointly). Limits such credit to one-tenth of the increase of the aggregate adjusted basis of the taxpayer's domestic stock for the taxable year. Disallows such credit if the taxpayer controls the corporation. Requires the recapture of specified amounts of such credit if any stock for which the credit is allowed is disposed of by the taxpayer within one year of purchase. Disqualifies estates, trusts, and nonresident aliens from eligibility for the credit.

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

Timeline

  1. 5 January 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 5 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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

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

Sponsors

Showing 48 of 55 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.