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- H.R.1379
H.R.1379: American Dream Tax Fairness Equity Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced April 17, 1997
- Latest Major Action April 17, 1997
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (All Republicans)
Bill Summary
American Dream Tax Fairness Equity Act of 1997 - Amends the Internal Revenue Code to reduce the three-year capital gains rate to 15 percent. Revises provisions regulating the computation of estate and gift taxes and credits, basing the taxes and credits on capital gains. Requires a trust, on the death of any individual who contributed property to the trust, to recognize gain or loss as if that property was sold for its fair market value on the...
(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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April 17, 1997 |
Introduced in the House by Rick Hill (R-Mont.) |