Individual Investors Incentive Act of 1983

Summary

Individual Investors' Incentive Act of 1983 - Amends the Internal Revenue Code to allow individuals a nonrefundable income tax credit for ten percent of their investment in domestic corporate stock. Limits the amount of such credit to $1,000 per year ($2,000 for joint returns). Disallows such credit if the taxpayer controls the corporation. Requires recapture of such credit if stock is disposed of within one year of purchase.

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

Timeline

1. 3 January 1983

   Introduced

   Introduced in House

   Source: IntroReferral

2. 3 January 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

3. 3 January 1983

   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

• Introduced in House

  summary · EN · 3 January 1983

  Open at official source

Sponsors

• Rep. Schulze, Richard T. [R-PA-5] · R · Sponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Sponsor
• Rep. Dreier, David [R-CA-26] · R · Sponsor
• Rep. Duncan, John J. [R-TN-2] · R · Sponsor
• Rep. McGrath, Raymond J. [R-NY-5] · R · Sponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Sponsor
• Rep. Badham, Robert E. [R-CA-40] · R · Sponsor
• Rep. Hughes, William J. [D-NJ-2] · D · Sponsor
• Sen. Shelby, Richard C. [R-AL] · D · Sponsor
• Rep. Price, Melvin [D-IL-21] · D · Sponsor
• Rep. Huckaby, Thomas J. (Jerry) [D-LA-5] · D · Sponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-19] · R · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.