United States · Bill · S
S. 2787 (93rd)
A bill to amend the Internal Revenue Code of 1954 to revise the tax treatment of gains and losses from the sale or exchange of capital assets.
Introduced
6 December 1973
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Provides, under the Internal Revenue Code, a graduated capital gains tax based on the holding period of assets. Increases the deduction for capital losses. Provides that if an individual's capital losses exceed capital gains, a deduction of up to $4,000 is permitted each year against ordinary income.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 6 December 1973
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/2787
- Open data entity: https://api.congress.gov/v3/bill/93/s/2787