3.0.0 3397 2023-01-15T07:47:45Z 2023-01-15T07:47:45Z House H HR 2003-10-29 108 hswm00 Ways and Means Committee House Standing Referred to 2003-10-29T15:01:20Z 2003-10-29 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2003-10-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-10-29 Introduced in House IntroReferral 1000 9 Library of Congress M000388 Rep. McCrery, Jim [R-LA-4] JIM MCCRERY R LA 4 N P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2004-03-02 False Taxation Bank accounts Capital gains tax Economics and Public Finance Estate tax Finance and Financial Sector Government Operations and Politics Government paperwork Home ownership Housing and Community Development Housing finance Income tax Indexing (Economic policy) Law Tax deductions Tax deferral Tax exclusion Tax penalties Trusts and trustees Taxation 00 2003-10-29 Introduced in House 2003-11-26T13:41:59Z Exempts such accounts from estate tax.

Excludes from gross income gain from the sale or exchange of property if, during the five-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as a principal residence for periods aggregating two years or more. Limits such exclusion to the amount paid to an individual investment account during the one-year period beginning on the date of the sale or exchange.

Provides for basis adjustment of a residence acquired through the use of an individual investment account.]]>

Individual Investment Account Act of 2003 Display Title Individual Investment Account Act of 2003 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a deduction for contributions to individual investment accounts, and for other purposes. Introduced in House IH Short Titles as Introduced Individual Investment Account Act of 2003 Introduced in House 2003-10-29T05:00:00Z 2003-10-29 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.