HR 3318
112th Congress
House
Taxation
Capital gains tax
Income tax exclusion
Growing Jobs Through Capital Act of 2011
Introduced: November 2, 2011
Introduced by:
Fleischmann, Charles J. "Chuck"
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 2, 2011
Referred to the House Committee on Ways and Means.
Nov 2, 2011
Introduced in House
Plain-English summary
Growing Jobs Through Capital Act of 2011 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a capital asset from gross income for income tax purposes. Terminates such tax exclusion two years after the enactment of this Act.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1