About the bill
- Full Title
To amend the Internal Revenue Code of 1986 to allow a deduction for capital gains for middle income taxpayers and to provide for revenue increases to fund such relief.
- Summary (CRS)
Middle Income Tax Relief Act of 1991 - Allows individuals a deduction of 50 percent of the net capital gain from assets held for at least one year.Restricts such deduction:(1) ...
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The bill’s title was written by its sponsor.
Nov 22, 1991
This is the first step in the legislative process.
This is a House of Representatives bill in the United States Congress (indicated by the “H.R.” in “H.R. 3875”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
- Committee Assignments
The committee chair determines whether a bill will move past the committee stage.
There have been no roll call votes related to this bill.
Links & tools
Click a format for a citation suggestion:
Civic Impulse. (2015). H.R. 3875 — 102nd Congress: Middle Income Tax Relief Act of 1991. Retrieved from https://www.govtrack.us/congress/bills/102/hr3875
“H.R. 3875 — 102nd Congress: Middle Income Tax Relief Act of 1991.” www.GovTrack.us. 1991. December 1, 2015 <https://www.govtrack.us/congress/bills/102/hr3875>
|title=H.R. 3875 (102nd)
|accessdate=December 1, 2015
|author=102nd Congress (1991)
|date=November 22, 1991
|quote=Middle Income Tax Relief Act of 1991