House
Jan 7, 2003

Restoring Investor Confidence Act of 2003

Summary

Official

Restoring Investor Confidence Act of 2003 - Amends the Internal Revenue Code to revise rules concerning capital gain for taxpayers other than corporations to establish a new general rule which provides that if for any taxable year a taxpayer other than a corporation has a capital gain, 55 percent of such gain shall be a deduction from gross income. Excludes from individual gross income 55 percent of dividends received from a domestic corporation.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/7/03)
Committee
Passed House
Passed Senate
President
Law

Sponsor

TR

Mr. REYNOLDS

(R) NY – 26

Cosponsors (3)

Topics

Latest Action

Referred to the House Committee on Ways and Means.

Jan 7, 2003

View Bill on Congress.gov