House
Jan 9, 2009

Senior 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.

How would you vote on this bill?

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