US HB396 | 2009-2010 | 111th Congress
Status
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 9 2009 - 25% progression, died in committee
Action: 2009-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2009 - 25% progression, died in committee
Action: 2009-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Senior Assets Verification Exemption (SAVE) from Capital Gains Tax Act of 2009
Sponsors
| Rep. Steve Cohen [D-TN] | Rep. Elton Gallegly [R-CA] | Rep. Robert Wexler [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-09 | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/396/all-info |
| Text | https://www.congress.gov/111/bills/hr396/BILLS-111hr396ih.pdf |
