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HR 2084 105th Congress House Taxation Capital gains tax Income tax Personal income tax Tax rates

To amend the Internal Revenue Code of 1986 to provide for maximum capital gains tax rate of 15, 22, and 30 percent for individuals.

Introduced: June 26, 1997 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 1997
Referred to the House Committee on Ways and Means.
Jun 26, 1997
Sponsor introductory remarks on measure. (CR H4650)
Jun 26, 1997
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to set the capital gains rate (currently 28 percent) at 15 percent for capital gains not over $20,000, 22 percent for capital gains between $20,000 and $40,000, and 30 percent for capital gains over $40,000.

What's happening now June 26, 1997

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1