A bill to amend the Internal Revenue Code of 1986 to provide for 50 percent exclusion of long-term capital gains, and for other purposes.
Long-Term Growth and Job Opportunity Act of 1991 - Amends the Internal Revenue Code to allow a 50 percent capital gains deduction for corporate and noncorporate taxpayers for assets held for at least five years.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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