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- S.252
S.252: Long-Term Investment Incentive Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Jan. 30, 1997
- Latest Major Action Jan. 30, 1997
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Long-Term Investment Incentive Act of 1997 - Amends the Internal Revenue Code to allow noncorporate taxpayers to deduct specified percentages of qualified two-year, three-year, or four-year capital gain. Provides for the treatment of trusts and estates. Reduces, for these provisions, the net capital gain by the amount a taxpayer takes into account as investment income under specified provisions. Provides for the treatment of collectibles and...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Jan. 30, 1997 |
Introduced in the Senate by Judd Gregg (R-N.H.) |