A bill to amend the Internal Revenue Code of 1954 to increase the deduction for net capital gains from 60 percent to 70 percent and to reduce to 6 months the holding period required for long-term capital gain treatment.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the capital gains deduction from 60 to 70 percent. Reduces from one year to six months the holding period requirement for long-term capital gain treatment.…