A bill to reduce the capital gains tax rate and for other purposes.
Capital Investment Incentive Act of 1980 - Amends the Internal Revenue Code to increase from 60 percent to 70 percent the noncorporate capital gains deduction from gross income. Reduces from 28 percent to 21 percent the corporate alternative minimum tax rate on capital gains.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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