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H.R. 5908

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to provide a permanent zero percent capital gains rate for individuals and corporations.
About This Bill
Committee
Latest Action · April 24, 2008
Referred to the House Committee on Ways and Means.
Congress
110th (2007–2009)
Introduced
April 24, 2008
Cosponsors (33)
0D 33R
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Summary

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Amends the Internal Revenue Code to establish, on a permanent basis, a zero percent tax rate for the net capital gains of individuals and corporations for purposes of the regular and alternative minimum tax. Eliminates the terminating date in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (i.e., December 31, 2008) for provisions that reduce the capital gains tax rate for individuals.

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