Summary: H.R.1042 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.1042. Bill summaries are authored by CRS.

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Introduced in House (02/24/1995)

Amends the Internal Revenue Code to allow a taxpayer other than a corporation a 100 percent deduction of net capital gain from gross income. Allows such deduction in computing adjusted gross income.