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HR 1342 107th Congress House

Capital Gains Tax Rate Reduction Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to reduce individual captial gains rates.

Introduced: May 9, 2001 See on congress.gov
Taxation Capital gains taxIncome taxMinimum taxPersonal income tax
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Tax cutsTax rates
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2001
Referred to the House Committee on Ways and Means.
Apr 3, 2001
Sponsor introductory remarks on measure. (CR E509)
Apr 3, 2001
Introduced in House
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 Latest action April 3, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Capital Gains Tax Rate Reduction Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the 10 and 20 percent individual capital gains tax rates to 5 and 10 percent respectively; (2) repeal provisions providing for reduced capital gain rates for qualified five year gains; and (3) with respect to the alternative minimum tax, reducing the 10 and 20 percent maximum tax rate on net capital gain for individuals to 5 and 10 percent respectively.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 1
Burr, Richard
· May 9, 2001
 R
Sessions, Pete
Texas · May 9, 2001
CRANE, PHILIP
· Apr 26, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1342: Capital Gains Tax Rate Reduction Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1342/
MLA
"H.R. 1342: Capital Gains Tax Rate Reduction Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1342/.
Bluebook (legal)
H.R. 1342, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1342/.
Markdown link
[H.R. 1342: Capital Gains Tax Rate Reduction Act of 2001](https://openamerica.io/bill/107-HR-1342/)
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