To amend the Internal Revenue Code of 1986 to provide maximum rates of tax on capital gains of 14 percent for individuals and 28 percent for corporations and to index the basis of assets of individuals for purposes of determining gains and losses.
Capital Gains Tax Reduction Act of 1999 - Amends the Internal Revenue Code to reduce the maximum capital gains tax rates for both individuals and corporations.
Provides for the indexing of assets for determining gain or loss.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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