S 418 · 100th Congress · Taxation

A bill to amend the Tax Reform Act of 1986 to restore the preferential treatment for capital gains, and for other purposes.

Introduced 1987-01-29· Sponsored by Sen. Wallop, Malcolm [R-WY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1987-01-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Tax Reform Act of 1986 to repeal provisions which eliminated the 60 percent capital gains deduction for taxpayers other than corporations. Reduces the alternative tax rate for capital gains realized by a corporation from 34 percent to 14 percent.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Symms, Steven D. [R-ID]ID