A bill to amend the Internal Revenue Code of 1986 to provide a reduction in the capital in the capital gains tax for assets held more than 2 years, and for other purposes.
Long-Term Investment Incentive Act of 1997 - Amends the Internal Revenue Code to establish a sliding scale capital gains deduction on assets held between two years and eight years by noncorporate taxpayers.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5417-5418)
Read twice and referred to the Committee on Finance.
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