PUBLIC LAW 98-369—JULY 18, 1984
98 STAT. 1011
House of Representatives and the Committee on Finance of the Senate a report on the study conducted under subsection (a) together with such recommendations as the Secretary may deem advisable.
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TITLE X—MISCELLANEOUS REVENUE PROVISIONS
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u^ e Subtitle A—Capital Gains and Losses SEC. 1001. DECREASE IN HOLDING PERIOD REQUIRED FOR LONG-TERM CAPITAL GAIN TREATMENT.
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(a) IN GENERAL.—
(1) CAPITAL GAINS.—Paragraphs (1) and (3) of section 1222 26 USC 1222.
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(relating to other terms relating to capital gains and losses) are each amended by striking out "1 year" and inserting in lieu thereof "6 months".
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(2) CAPITAL LOSSES.—Paragraphs (2) and (4) of section 1222 are
each amended by striking out "1 year" and inserting in lieu thereof "6 months". (b) CONFORMING AMENDMENTS.—The following provisions are each amended by striking out "1 year" each place it appears and inserting in lieu thereof "6 months: (1) Paragraph (1)(B) of section 166(d) (relating to nonbusiness debts). (2) Subsection (a) of section 341 (relating to treatment of gain I- to shareholders in the case of collapsible corporations). (3) Paragraph (2) of subsection (a) and subparagraph (L) of I subsection (e)(4) of section 402 (relating to capital gains treatment for certain distributions in the case of a beneficiary of an exempt employees' trust). (4) Subparagraph (A) of section 403(a)(2) (relating to capital i gains treatment for certain distributions in the case of a beneficiary under a qualified annuity plan). (5) Paragraph (1) of section 423(a) (relating to employee stock
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purchase plans). (6) Paragraph (2) of section 582(c) (relating to capital gains of banks). (7) Subparagraphs (A) and (B) of section 584(c)(1) (relating to inclusions in taxable income of participants in common trust funds). (8) Paragraphs (3) and (4) of section 642(c) (relating to charitable deductions for certain trusts). (9) Paragraphs (1) and (2) of section 702(a) (relating to income and credits of partner). (10) Subparagraph (A) of section 818(b)(1) (relating to certain » gains and losses in the case of life insurance companies). ^ (11) Subparagraph (B) of section 852(b)(3) (relating to taxation of shareholders of regulated investment companies). (12) Subparagraph (A) of section 856(c)(4) (relating to definition of real estate investment trust). (13) Paragraphs (3)(B) and (7) of section 857(b) (relating to taxation of shareholders of real estate investment trust). (14) Paragraph s (11) and (12) of section 1223 (relating to holding period of property).
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26 USC 166. 26 USC 341. 26 USC 402. 26 USC 403. 26 USC 423. 26 USC 582. 26 USC 584. 26 USC 642. 26 USC 702. Ante, p. 752. 26 USC 852. 26 USC 856. Ante, p. 572. 26 USC 1223.
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