To amend the Internal Revenue Code of 1986 to make the 2003 reduction in the individual capital gains tax rates permanent and to further reduce and simplify such rates and to reduce the corporate capital gains rate.
Investment Tax Simplification Act of 2005 - Makes permanent the reduction in individual capital gains tax rates enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Amends the Internal Revenue Code to reduce the maximum capital gains tax rates for individuals and corporations.
Sponsor introductory remarks on measure. (CR E534-535)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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