House
Jan 7, 2003Restoring 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.
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