HR 4221 · 108th Congress · Taxation

To amend the Internal Revenue Code of 1986 to reduce for individuals the maximum rate of tax on unrecaptured section 1250 gain from 25 percent to 15 percent.

Introduced 2004-04-27· Sponsored by Rep. English, Phil [R-PA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2004-04-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce capital gain and alternative minimum tax rates on unrecaptured Section 1250 (gain from dispositions of certain depreciable realty) gain for individual taxpayers.…

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