HR 12111 · 95th Congress · Taxation
Investment Incentive Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1978-04-13)
Plain Language Summary
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Investment Incentive Act - Amends the Internal Revenue Code to restore part of the pre-1969 tax treatment of capital gains by repealing the capital gains item of tax preference for the minimum tax; lowering the corporate alternative tax to 25 percent of net capital gain; and lowering the alternative individual tax to 25 percent of net capital gain.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
5 Democrats6 Republicans