A bill to amend the Internal Revenue Code of 1954 to provide a limited exclusion of capital gains realized by taxpayers other than corporations with respect to securities purchased after the date of enactment.
Small Investor Act - Excludes from gross income, pursuant to the Internal Revenue Code, the first $1,000 of net long-term capital gains over short-term capital losses of noncorporate taxpayers resulting from the sale or exchange of securities.
Introduced in Senate
Referred to Senate Committee on Finance.
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