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HR 3875 102th Congress House

Middle Income Tax Relief Act of 1991

Official title: To amend the Internal Revenue Code of 1986 to allow a deduction for capital gains for middle income taxpayers and to provide for revenue increases to fund such relief.

Introduced: November 22, 1991 See on congress.gov
Taxation Capital gains taxIncomeIncome taxIndexing (Economic policy)
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Tax deductionsTax rates
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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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 Latest action November 22, 1991

Referred to the House Committee on Ways and Means.

 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.

 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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