All-Americans Savings and Investment Incentive Act of 1991

openUnited States· United States Congress· EN

Introduced

6 November 1991

Last action

13 December 1991 · Committee

Status

Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-608.

Summary

All-Americans Savings and Investment Incentive Act of 1991 - Amends the Internal Revenue code to provide individuals a deduction for capital gains based on the period the asset is held (up to three years). Excludes collectibles from such assets. Makes such deduction an item of tax preference. Excludes from gross income interest received during a taxable year up to $350 ($700 in the case of a joint return). Provides a phaseout of such exclusion for incomes over $50,000. Makes such exclusion applicable to distributions from regulated investment companies and real estate investment trusts. Makes certain nonresident aliens ineligible for such exclusion.

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

Timeline

6 November 1991
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
6 November 1991
Introduced
Introduced in Senate
Source: IntroReferral
13 December 1991
Committee
Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-608.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in Senate · — · Download file

Documents

2 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN
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Introduced in Senate
summary · EN · 6 November 1991
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → All-Americans Savings and Investment Incentive Act of 1991

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/102nd-congress/senate-bill/1924
Open data entity: https://api.congress.gov/v3/bill/102/s/1924
us · 102-s-1924 · source updated 26 August 2025