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H.R. 53 — Capital Gains Tax Reduction bill | PoliFocus

H.R. 53103th Congress

Capital Gains Tax Reduction bill

To amend the Internal Revenue Code of 1986 to provide a 30-percent capital gains deduction for both corporate and noncorporate taxpayers.

Sponsors

Rep. Archer, Bill [R-TX-7]

1 cosponsor

Subjects

Taxation

Summary

Amends the Internal Revenue Code to allow a 30 percent income tax deduction for the net capital gain of both corporate and noncorporate taxpayers.

Full Text

Legislative Actions

1993-01-05
Introduced in House
1993-01-05
Introduced in House
1993-01-05
Referred to the House Committee on Ways and Means.

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