A bill to amend the Internal Revenue Code of 1954 to limit capital gains treatment for individuals to $50,000 of capital gains and to repeal the alternative tax for individuals.

referredUnited States· United States Congress· EN

Introduced

11 April 1974

Last action

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Status

Referred to Senate Committee on Interior and Insular Affairs.

Summary

Limits, under the Internal Revenue Code, the capital gains deduction for individuals to $50,000. Repeals the alternative tax for taxpayers other than corporations.

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Documents

1 official file

Introduced in Senate
summary · EN · 11 April 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3347
Open data entity: https://api.congress.gov/v3/bill/93/s/3347