Capital Formation Tax Act of 1983

[AI summary unavailable — showing source text] Capital Formation Tax Act of 1983 - Amends the Internal Revenue Code to increase the income tax deduction for net capital gains to 80 percent on the sale of stock if the following requirements are met: (1) the stock must be purchased through an initial stock offering; (2) the stock must be purchased from the initial offeror, underwriter, broker, or agent; (3) the stock must represent contributions to capital or paid-in surplus; and (4) the stock must have been held for at least five years at the time of the sale or exchange.…