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United States · Bill · S

S. 2916 (99th)

A bill to amend the Internal Revenue Code of 1986 to retain a capital gains tax differential, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

9 October 1986

Last action

9 October 1986 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Boschwitz, Rudy [R-MN], Sen. Hecht, Chic [R-NV]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Tax Reform Act of 1986 to repeal provisions relating to the taxation of capital gains. Provides that the Internal Revenue Code shall be applied and administered as if such provisions had not been enacted. Amends the Internal Revenue Code to revise the method of calculating the deduction for capital gains. Allows a capital gains deduction of 60 percent for assets held three years or more, and 40 percent for assets held for more than one but less than three years.

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

Timeline

  1. 9 October 1986

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 9 October 1986

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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