HR 1987 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a limited exclusion of capital gains realized by taxpayers other than corporations on securities.

Introduced 1975-01-23· Sponsored by Rep. Quillen, James H. (Jimmy) [R-TN-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Small Investors Act - Provides a limited exclusion of up to $1,000 under the Internal Revenue Code for the excess amount of long-term capital gain over short-term capital loss realized by taxpayers other than corporations on the sale or exchange of securities.…

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