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Searching...- Bills
- H.R.56
H.R.56: Capital Formation and Jobs Creation Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 1995
- Latest Major Action Jan. 24, 1995
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
82 (3 Democrats, 79 Republicans)
Bill Summary
Capital Formation and Jobs Creation Act of 1995 - Amends the Internal Revenue Code to allow a 50 percent income tax deduction for the net capital gain of both corporate and noncorporate taxpayers. Requires indexing, based on the gross domestic product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset or property used in a trade or business) that have been held for more than one...
(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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Sponsor introductory remarks on measure.
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| Jan. 4, 1995 |
Introduced in the House by Bill Archer (R-Texas) |