BILLS-105hr276ih.pdf

year 1986 the taxable year 31, 1996 1203 calendar year the calendar year 8 year 2 years 3-year age 21 16 year 1997 years 24 year age 55 January 1, 1997 JANUARY 7, 1997 the first taxable year ending

SESSION H. R. 276 the ‘‘Middle Class Savings

the United States of America

IH

the Committee Congress House of Representa- Sec Ways and Means the Internal Revenue Code THE HOUSE OF REPRESENTATIVES Senate

SCHUMER

net capital capital gain gain net taken account sale exchange lifetime taxable year capital taxable gains deduction inflation adjustment factor taken