S 3052 · 96th Congress · Taxation

Investment Incentive Act of 1980

Introduced 1980-08-21· Sponsored by Sen. Moynihan, Daniel Patrick [D-NY]· Senate

Bill Progress

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

Plain Language Summary

[AI summary unavailable — showing source text] Investment Incentive Act of 1980 - Amends the Internal Revenue Code to: (1) reduce the maximum income tax rate for individuals from 70 percent to 67 percent; (2) increase the capital gains deduction for individuals from 60 percent to 70 percent; and (3) reduce the corporate capital gains tax rate from 28 percent to 20 percent.…

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