legislation: 95-s-2608

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
95-s-2608 95 s 2608 A bill to amend the Internal Revenue Code of 1954 to provide a graduated exclusion from gross income for long-term capital gains and a graduated nonrecognition of long-term capital losses for individuals. Taxation 1978-02-28 1978-02-28 Referred to Senate Committee on Finance. Senate Sen. Bentsen, Lloyd M. [D-TX] TX D B000401 4 Amends the Internal Revenue Code to provide that the current deduction for 50 percent of the amount of capital gain realized from the sale or exchange of an asset held for one year shall be increased by two percent for each additional year the asset is held, but not above 80 percent. Applies this rule to long-term capital losses. Repeals the alternative capital gains tax for individuals. 2024-08-01T20:10:12Z https://www.congress.gov/bill/95th-congress/senate-bill/2608

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