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Searching...- Bills
- H.R.1033
H.R.1033: Return Capital To The American People Act
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced March 12, 1997
- Latest Major Action April 8, 1997
Bill Sponsor
Bill Cosponsors
23 (All Republicans)
Bill Summary
Return Capital To The American People Act - Amends the Internal Revenue Code to provide all taxpayers with a 50 percent capital gains deduction. Allows such deduction in computing adjusted gross income. (Sec. 3) Increases from 50 to 75 percent the exclusion for gain from the sale or exchange of certain qualified small business stock. Reduces from three to five the number of years which such stock must be held in order to be excludable. Makes...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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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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| March 12, 1997 |
Introduced in the House by Jennifer B. Dunn (R-Wash.) |