HR 1500
109th Congress
House
Taxation
Capital gains tax
Commerce
Congress
Corporation taxes
Income tax
Minimum tax
Sunset legislation
Tax rates
Investment Tax Simplification Act of 2005
Introduced: April 6, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2005
Referred to the House Committee on Ways and Means.
Apr 6, 2005
Introduced in House
Apr 5, 2005
Sponsor introductory remarks on measure. (CR E534-535)
Plain-English summary
Investment Tax Simplification Act of 2005 - Makes permanent the reduction in individual capital gains tax rates enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Amends the Internal Revenue Code to reduce the maximum capital gains tax rates for individuals and corporations.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1