A bill to amend the Internal Revenue Code of 1954 to provide that certain short-term gains from the sale of houses will be taxed at a rate of 75 percent.

referredUnited States· United States Congress· EN

Introduced

29 June 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to impose a 75 percent tax rate on short-term capital gains from the sale of new houses acquired by the vendor for rental or as an investment.

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Documents

1 official file

Introduced in House
summary · EN · 29 June 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/8093
Open data entity: https://api.congress.gov/v3/bill/95/hr/8093