A bill to remove the discrimination against fiscal year individuals with respect to the changes in the minimum tax on capital gains made by the Revenue Act of 1978.

[AI summary unavailable — showing source text] Amends the Revenue Act of 1978 to permit a fiscal year taxpayer whose taxable year includes December 31, 1978 to change to a calendar year for 1979 without the approval of the Internal Revenue Service, for purposes of qualifying such fiscal year taxpayers for the exemption of capital gains as an item of tax preference under such Act.…