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- H.R.3984
H.R.3984: Kids, Homes, and Grandparents Act of 1996
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Aug. 2, 1996
- Latest Major Action Aug. 2, 1996
Bill Sponsor
Bill Summary
Kids, Homes, and Grandparents Act of 1996 - Amends the Internal Revenue Code to provide for: (1) a tax credit for each qualifying child; (2) a tax deduction for taxpayers with whom a parent or grandparent resides; (3) a reduction in the capital gains rate applied to qualified principal residence gain; and (4) an indexed basis for primary residences.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Aug. 2, 1996 |
Introduced in the House by Duncan L. Hunter (R-Calif.) |