HR 5908
110th Congress
House
Taxation
Capital gains tax
Commerce
Corporation taxes
Income tax
Minimum tax
Tax exemption
Tax rates
To amend the Internal Revenue Code of 1986 to provide a permanent zero percent capital gains rate for individuals and corporations.
Introduced: April 24, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 24, 2008
Referred to the House Committee on Ways and Means.
Apr 24, 2008
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to establish, on a permanent basis, a zero percent tax rate for the net capital gains of individuals and corporations for purposes of the regular and alternative minimum tax. Eliminates the terminating date in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (i.e., December 31, 2008) for provisions that reduce the capital gains tax rate for individuals.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1