S 1172 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to eliminate the holding-period requirements for capital gains treatment.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-05-14)
Plain Language Summary
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Amends the Internal Revenue Code to redefine capital gains and losses so as to eliminate the one year holding period requirement for capital gains tax treatment. Revises the tax treatment of capital losses.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Republicans