HR 12873 · 95th Congress · Taxation

Investment Incentive Act

Introduced 1978-05-25· Sponsored by Rep. Lent, Norman F. [R-NY-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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