House
Jan 9, 2009Senior Assets Verification Exemption (SAVE) from Capital Gains Tax Act of 2009
Summary
Official
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.
Bill Progress
Bill has been introduced and assigned a number
Introduced(1/9/09)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
SC
Mr. Cohen
House (D) Tennessee – 9
Cosponsors (2)
Topics
Latest Action
Referred to the House Committee on Ways and Means.
Jan 9, 2009
View Bill on Congress.gov