Senior Citizen Capital Gains Rate Reduction Act of 1993

Senior Citizen Capital Gains Rate Reduction Act of 1993 - Amends the Internal Revenue Code to reduce the individual capital gains rate for the sale of retirement assets by a taxpayer who has attained the age of 60 or older. Allows such reduced rate, in the case of a joint tax return, if either person has attained such age.

Reduces the alternative minimum tax rate on capital gains for such taxpayers.

Provides for indexing such retirement assets held for more than five years before their disposition for purposes of determining gain or loss. Declares that the deduction for depreciation, depletion, and amortization shall be determined without regard to the indexed basis. Provides for determining the indexed amount based upon the gross national product deflator.

Provides for indexing the limitation on capital losses of such taxpayers.