Small Investors Tax Relief Act of 1994

Summary

Small Investors Tax Relief Act of 1994 - Amends the Internal Revenue Code to provide a partial exclusion of dividends or interest received by an individual. Requires indexing of certain assets (corporate stock, certain tangible property, and a principal residence) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Reduces the capital gains tax for individuals. Allows as a capital gains deduction an amount equal to the lesser of: (1) the net capital gain; or (2) $50,000 ($100,000 in the case of a joint return).

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Timeline

1. 4 February 1994

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 February 1994

   Introduced

   Sponsor introductory remarks on measure. (CR S953-956, S958-959)

   Source: IntroReferral

3. 4 February 1994

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 4 February 1994 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 February 1994

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 February 1994

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 4 February 1994

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Gregg, Judd [R-NH] · R · Cosponsor
• Sen. Smith, Bob [R-NH] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Small Investors Tax Relief Act of 1994