S 2221 · 96th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to increase from 60 percent to 80 percent the deduction allowed to individuals with respect to net capital gain from investment in small business.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1980-01-24)
Plain Language Summary
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Amends the Internal Revenue Code to increase from 60 percent to 80 percent the income deduction allowed to individuals with respect to net capital gain from equity investment to small business.…
Summarized by Claude AI · Non-partisan · For informational purposes only