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HR 14 105th Congress House

Capital Gains Tax Reduction Act of 1997

Official title: To amend the Internal Revenue Code of 1986 to provide maximum rates of tax on capital gains of 14 percent for individuals and 28 percent for corporations and t… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide maximum rates of tax on capital gains of 14 percent for individuals and 28 percent for corporations and to index the basis of assets of individuals for purposes of determining gains and losses.

Introduced: January 7, 1997 See on congress.gov
Taxation Business income taxCapital gains taxCommerceCorporation taxes
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DividendsEconomics and Public FinanceFinance and Financial SectorForeign Trade and International FinanceForeign corporationsIncome taxIndexing (Economic policy)Minimum taxMutual fundsPartnershipsPersonal income taxReal estate investmentSmall businessStockholdersStocks
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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 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 1997
Sponsor introductory remarks on measure. (CR H5494-5495)
May 5, 1997
Sponsor introductory remarks on measure. (CR H2164-2166)
Apr 30, 1997
Sponsor introductory remarks on measure. (CR H2012)
Apr 24, 1997
Sponsor introductory remarks on measure. (CR H1801)
Apr 9, 1997
Sponsor introductory remarks on measure. (CR H1347)
Jan 7, 1997
Referred to the House Committee on Ways and Means.
Jan 7, 1997
Sponsor introductory remarks on measure. (CR H37)
Jan 7, 1997
Introduced in House
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 Latest action July 22, 1997

Sponsor introductory remarks on measure. (CR H5494-5495)

 Plain-English summary Congressional Research Service

Capital Gains Tax Reduction Act of 1997 - Amends the Internal Revenue Code to reduce the maximum capital gains tax rates for both individuals and corporations.

Provides for the indexing of assets for determining gain or loss.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 1 Republican 7
D
Bishop, Sanford D.
Georgia · Apr 29, 1997
 R
Crapo, Mike
Idaho · Apr 29, 1997
 R
Calvert, Ken
California · Apr 15, 1997
 R
Wicker, Roger F.
Mississippi · Mar 20, 1997
 R
Moran, Jerry
Kansas · Mar 18, 1997
 R
Sessions, Pete
Texas · Mar 11, 1997
 R
Graham, Lindsey
South Carolina · Feb 25, 1997
 R
Lucas, Frank D.
Oklahoma · Feb 25, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 14: Capital Gains Tax Reduction Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-14/
MLA
"H.R. 14: Capital Gains Tax Reduction Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-14/.
Bluebook (legal)
H.R. 14, 105th Cong. (2026), https://openamerica.io/bill/105-HR-14/.
Markdown link
[H.R. 14: Capital Gains Tax Reduction Act of 1997](https://openamerica.io/bill/105-HR-14/)
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