United States · Bill · S
S. 72 (105th)
Capital Gains Reform Act of 1997
Introduced
21 January 1997
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
21 August 2025
Summary
Capital Gains Reform Act of 1997 - Amends the Internal Revenue Code to revise rules concerning capital gain for taxpayers other than corporations to establish a new general rule which provides that if for any taxable year a taxpayer other than a corporation has a capital gain, 70 percent of such gain shall be a deduction from gross income. Reduces the alternative capital gain tax for corporations.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 21 January 1997
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 January 1997
Introduced in Senate
summary · EN · 21 January 1997
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/105th-congress/senate-bill/72
- Open data entity: https://api.congress.gov/v3/bill/105/s/72