There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/22/2001)

Amends the Internal Revenue Code and the Merchant Marine Act, 1936 to reduce the capital gains rate from 20 percent to 15 percent for sales or exchanges made on or after June 1, 2001, and in taxable years beginning before January 1, 2004. Prescribes a transition formula for taxable years including June 1, 2001.