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HR 1379 105th Congress House Taxation Aliens Business income tax Capital gains tax Commerce Corporations Estate tax Gift tax Immigration Income tax Law Losses Partnerships Personal income tax Tax credits Tax cuts Tax rates Trusts and trustees Valuation

American Dream Tax Fairness Equity Act of 1997

Introduced: April 17, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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
Apr 17, 1997
Referred to the House Committee on Ways and Means.
Apr 17, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

American Dream Tax Fairness Equity Act of 1997 - Amends the Internal Revenue Code to reduce the three-year capital gains rate to 15 percent.

Revises provisions regulating the computation of estate and gift taxes and credits, basing the taxes and credits on capital gains.

Requires a trust, on the death of any individual who contributed property to the trust, to recognize gain or loss as if that property was sold for its fair market value on the death date. Provides for the treatment of contributions by partnerships or corporations.

What's happening now April 17, 1997

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 Republican 1
R
Graham, Lindsey
South Carolina · May 14, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1379: American Dream Tax Fairness Equity Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1379/
MLA
"H.R. 1379: American Dream Tax Fairness Equity Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1379/.
Bluebook (legal)
H.R. 1379, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1379/.
Markdown link
[H.R. 1379: American Dream Tax Fairness Equity Act of 1997](https://openamerica.io/bill/105-HR-1379/)
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