United States · Bill · HR
H.R. 63 (98th)
Individual Investors Incentive Act of 1983
Introduced
3 January 1983
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
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.
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Documents
1 official file
Introduced in House
summary · EN · 3 January 1983
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/house-bill/63
- Open data entity: https://api.congress.gov/v3/bill/98/hr/63