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United States · Bill · HR

H.R. 6300 (96th)

Individual Investors Incentive Act of 1980

referredUnited States· United States Congress· EN

Introduced

24 January 1980

Last action

24 January 1980 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Schulze, Richard T. [R-PA-5], Rep. Collins, James M. [R-TX-3], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Edwards, Mickey [R-OK-5], Rep. Mathis, Dawson [D-GA-2], Rep. Dougherty, Charles F. [R-PA-4], Rep. Whitehurst, G. William [R-VA-2], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Davis, Robert W. [R-MI-11], Rep. Badham, Robert E. [R-CA-40], Rep. Hughes, William J. [D-NJ-2], Rep. Kelly, Richard [R-FL-5], Sen. Lott, Trent [R-MS], Rep. Martin, James G. [R-NC-9], Rep. Buchanan, John [R-AL-6], Rep. Hinson, Jon C. [R-MS-4], Rep. Devine, Samuel L. [R-OH-12], Rep. Derwinski, Edward J. [R-IL-4], Rep. Hance, Kent R. [D-TX-19], Rep. Bafalis, L. A. (Skip) [R-FL-10], Rep. Duncan, John J. [R-TN-2], Rep. Kramer, Ken [R-CO-5], Rep. Roe, Robert A. [D-NJ-8], Rep. Vander Jagt, Guy [R-MI-9], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Mottl, Ronald M. [D-OH-23], Sen. Jeffords, James M. [I-VT], Rep. Rousselot, John H. [R-CA-26], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Heftel, Cecil [D-HI-1], Rep. Young, Don [R-AK-At Large], Rep. Stump, Bob [R-AZ-3], Rep. Stangeland, Arlan [R-MN-7], Rep. Kindness, Thomas N. [R-OH-8], Rep. Carter, Tim Lee [R-KY-5], Rep. Quillen, James H. (Jimmy) [R-TN-1], Rep. Ritter, Don [R-PA-15], Rep. Paul, Ron [R-TX-14], Sen. Symms, Steven D. [R-ID], Rep. Yatron, Gus [D-PA-6], Rep. Goldwater, Barry, Jr. [R-CA-20], Rep. Snyder, M. G. (Gene) [R-KY-4], Rep. Sawyer, Harold S. [R-MI-5], Rep. Crane, Daniel B. [R-IL-19], Rep. Myers, John T. [R-IN-7], Rep. Shumway, Norman D. [R-CA-14], Rep. Rhodes, John J. [R-AZ-1], Rep. Horton, Frank J. [R-NY-29]

Subjects

Taxation

Source updated

2 September 2025

Taxation

Official sourceView documentsShare

Summary

Individual Investors' Incentive Act of 1980 - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit equal to ten percent of the cost of corporate securities 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). Requires the recapture of specified amounts of such credit if any securities for which the credit is allowed are disposed of by the taxpayer within one year of their 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. 24 January 1980

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 24 January 1980

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 January 1980

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Sponsors

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Related records

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Sources

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