To amend the Internal Revenue Code of 1986 to reduce for individuals the maximum rate of tax on unrecaptured section 1250 gain from 25 percent to 15 percent.
About This Bill
Committee
Latest Action · April 27, 2004
Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code to reduce capital gain and alternative minimum tax rates on unrecaptured Section 1250 (gain from dispositions of certain depreciable realty) gain for individual taxpayers.
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