HR 13307 · 95th Congress · Taxation

Investment Incentive Act

Introduced 1978-06-28· Sponsored by Rep. Hannaford, Mark W. [D-CA-34]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-06-28)

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. Directs the Comptroller General to report to Congress on the economic impact of this Act.…

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