HR 44
108th Congress
House
Taxation
Capital gains tax
Commerce
Corporation taxes
Economics and Public Finance
Income tax
Indexing (Economic policy)
Tax exclusion
Tax rates
Valuation
Investment Tax Incentive Act of 2003
Introduced: January 7, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 7, 2003
Referred to the House Committee on Ways and Means.
Jan 7, 2003
Introduced in House
Plain-English summary
Investment Tax Incentive Act of 2003 - Amends the Internal Revenue Code to provide for reduced capital gain rates for qualified economic stimulus gain. Defines "qualified economic stimulus gain" as the aggregate long-term capital gain (with specified exceptions) from property the holding period for which begins during the 2-year period beginning on the date of the enactment.
Provides for the indexing of assets (certain stocks and tangible property) for purposes of determining gain or loss.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1