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- H.R.461
H.R.461: To amend the Internal Revenue Code of 1986 to allow accelerated depreciation for equipment used to manufacture advanced materials or to develop advanced technologies, to reduce capital gains taxes, and to impose a minimum tax on foreign and foreign-owned corporations operating in the United States.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about science, technology, communications
- Introduced Jan. 6, 1993
- Latest Major Action Jan. 6, 1993
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to allow a three-year depreciable life for semiconductor manufacturing equipment and equipment used to manufacture advanced materials or to develop advanced technologies. Reduces the individual and corporate capital gains rates and the minimum tax rate on capital gains. Imposes a minimum tax on domestic corporations which are 25-percent foreign-owned and foreign corporations engaged in a trade or business...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Jan. 6, 1993 |
Introduced in the House by Duncan L. Hunter (R-Calif.) |