H.R. 170 · 108th Congress

Restoring Investor Confidence Act of 2003

Stage
In committee
Introduced
2003-01-07
Latest action
2003-01-07 · Introduced in House

Summary

Restoring Investor Confidence Act of 2003 - Amends the Internal Revenue Code to revise rules concerning capital gain for taxpayers other than corporations to establish a new general rule which provides that if for any taxable year a taxpayer other than a corporation has a capital gain, 55 percent of such gain shall be a deduction from gross income.Excludes from individual gross income 55 percent of dividends received from a domestic corporation.