A bill to amend the Internal Revenue Code of 1986 to provide that the reduced capital gains tax rates apply to long-term capital gain from property with at least a 1-year holding period.
Capital Gains Simplification Act of 1998 - Amends the Internal Revenue Code to establish a one-year holding period for any long-term capital gain.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1884)
Read twice and referred to the Committee on Finance.
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