HR 1342 · 107th Congress 2001–2003, ended

Capital Gains Tax Rate Reduction Act of 2001

Introduced Apr 3, 2001 Originated House Sponsor Mac Collins R-GA

Fact sheet

Latest action · Apr 3, 2001 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedApr 3, 2001
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Capital Gains Tax Rate Reduction Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the 10 and 20 percent individual capital gains tax rates to 5 and 10 percent respectively; (2) repeal provisions providing for reduced capital gain rates for qualified five year gains; and (3) with respect to the alternative minimum tax, reducing the 10 and 20 percent maximum tax rate on net capital gain for individuals to 5 and 10 percent respectively.

Cosponsors 21

Members who signed on, in the order they did. Signatures ran from Apr 25, 2001 to Oct 9, 2002.

Seat	Cosponsor	Signed on
R-AZ	Jeff Flake	Apr 25, 2001
R-FL	Mark Foley	Apr 26, 2001
D-GA	Nathan Deal	Apr 26, 2001
R-IL	Philip M. Crane	Apr 26, 2001
D-VA	Virgil H. Goode Jr.	Apr 26, 2001
R-CA	George Radanovich	May 3, 2001
R-TX	Sam Johnson	May 3, 2001
R-CO	Joel Hefley	May 9, 2001
R-TX	Pete Sessions	May 9, 2001
R-NC	Richard Burr	May 9, 2001
R-NY	Vito Fossella	May 9, 2001
R-OH	Robert W. Ney	Jun 14, 2001
R-OH	David L. Hobson	Jun 27, 2001
R-GA	Jack Kingston	Aug 1, 2001
R-TX	John Abney Culberson	Aug 1, 2001
R-NH	John E. Sununu	Aug 1, 2001
R-TX	Kevin Brady	Aug 1, 2001
R-IN	Mike Pence	Aug 1, 2001
R-CT	Rob Simmons	Aug 1, 2001
R-GA	Saxby Chambliss	Apr 11, 2002
R-TX	Richard K. Armey	Oct 9, 2002

Actions 3

Everything that happened, newest first.

Apr 3, 2001Introduced in House
Apr 3, 2001Referred to the House Committee on Ways and Means.
Apr 3, 2001Sponsor introductory remarks on measure. (CR E509)

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.