S 2799 · 94th Congress · Taxation

Small Investors Act

Introduced 1975-12-17· Sponsored by Sen. Bentsen, Lloyd M. [D-TX]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-12-17)

Plain Language Summary

[AI summary unavailable — showing source text] Small Investor Act - Excludes from gross income, pursuant to the Internal Revenue Code, the first $1,000 of net long-term capital gains over short-term capital losses of noncorporate taxpayers resulting from the sale or exchange of securities.…

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