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- H.R.1342
H.R.1342: Capital Gains Tax Rate Reduction Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 3, 2001
- Latest Major Action April 3, 2001
Bill Sponsor
Bill Cosponsors
22 (1 Independent, 22 Republicans)
Bill Summary
Capital Gains Tax Rate Reduction Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the 10 and 20 percent individual capital gains tax rates to 5 and 10 percent respectively; (2) repeal provisions providing for reduced capital gain rates for qualified five year gains; and (3) with respect to the alternative minimum tax, reducing the 10 and 20 percent maximum tax rate on net capital gain for individuals to 5 and 10 percent respectively.
(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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| April 3, 2001 |
Introduced in the House by Michael Allen Collins (R-Ga.) |