HR 611 · 97th Congress · Taxation

American Innovation Tax Incentive Act of 1981

Introduced 1981-01-05· Sponsored by Rep. Rousselot, John H. [R-CA-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-01-05)

Plain Language Summary

[AI summary unavailable — showing source text] American Innovation Tax Incentive Act of 1981 - Amends the Internal Revenue Code to reduce the rate of tax on the net capital gains of individuals and corporations which realize gain from the sale of qualified securities issued by small business corporations. Sets forth requirements for the qualification of small business corporation securities with respect to the size of the issuing corporation and employee ownership.…

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