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HR 3875 102th Congress House Taxation Capital gains tax Income Income tax Indexing (Economic policy) Tax deductions Tax rates

Middle Income Tax Relief Act of 1991

Introduced: November 22, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 22, 1991
Referred to the House Committee on Ways and Means.
Nov 22, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Middle Income Tax Relief Act of 1991 - Allows individuals a deduction of 50 percent of the net capital gain from assets held for at least one year. Restricts such deduction: (1) to a lifetime limitation of $400,000; and (2) to taxpayers whose adjusted gross income does not exceed $200,000. Requires the substitution of the indexed basis of property for its adjusted basis in determining qualified gain from the sale or exchange of real property. Disallows such deduction in computing the alternative minimum tax.

Increases the income tax rate for certain high-income individuals.

What's happening now November 22, 1991

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Neal, Richard E.
Massachusetts · Nov 22, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3875: Middle Income Tax Relief Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-3875/
MLA
"H.R. 3875: Middle Income Tax Relief Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-3875/.
Bluebook (legal)
H.R. 3875, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-3875/.
Markdown link
[H.R. 3875: Middle Income Tax Relief Act of 1991](https://openamerica.io/bill/102-HR-3875/)
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