Skip to main content
HR 396 111th Congress House Taxation Aging Capital gains tax Income tax deductions Income tax exclusion Income tax rates

Senior Assets Verification Exemption (SAVE) from Capital Gains Tax Act of 2009

Introduced: January 9, 2009 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2009
Referred to the House Committee on Ways and Means.
Jan 9, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Senior Assets Verification Exemption (SAVE) from Capital Gains Tax Act of 2009 - Amends the Internal Revenue Code to allow a tax deduction for the qualified net capital gain of taxpayers age 65 and older. Defines "qualified net capital gain" as the lesser of: (1) net capital gain; or (2) net capital gain only from assets held for at least 15 years.

What's happening now January 9, 2009

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1