A bill to amend the Internal Revenue Code of 1954 to eliminate the holding-period requirements for capital gains treatment.

Summary

Amends the Internal Revenue Code to redefine capital gains and losses so as to eliminate the one year holding period requirement for capital gains tax treatment. Revises the tax treatment of capital losses.

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

Timeline

1. 12 May 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 12 May 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 14 May 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 12 May 1981

  Open at official source

Sponsors

• Sen. Jepsen, Roger W. [R-IA] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Helms, Jesse [R-NC] · R · Sponsor
• Sen. Tower, John G. [R-TX] · R · Sponsor
• Sen. Hawkins, Paula [R-FL] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to eliminate the holding period requirements for capital gains treatment.