HR 7994 · 96th Congress · Taxation

Capital Investment Tax Incentive Act of 1980

Introduced 1980-08-21· Sponsored by Rep. Porter, John Edward [R-IL-10]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-08-21)

Plain Language Summary

[AI summary unavailable — showing source text] Capital Investment Tax Incentive Act of 1980 - Amends the Internal Revenue Code to increase the deduction for net capital gain from 60 to 70 percent in the case of individual taxpayers. Reduces the capital gains tax rate for corporations from 28 to 21 percent.…

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