Small Investors Tax Relief Act of 1994

Referred to the House Committee on Ways and Means.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jul 19, 1994

Small Investors Tax Relief Act of 1994 - Amends the Internal Revenue Code to provide a partial exclusion of dividends or interest received by an individual. Requires indexing of certain assets (corporate stock, certain tangible property, and a principal residence) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Reduces the capital gains tax for individuals. Allows as a capital gains deduction an amount equal to the lesser of: (1) the net capital gain; or (2) $50,000 ($100,000 in the case of a joint return).

Read the summary on Congress.gov

PlainBill analysis is coming later. This page presents official source data. We have not yet published a PlainBill explanation for this bill.

People & committees

Who introduced it

Rep. Manzullo, Donald A. [R-IL-16] · R–IL

Committees

Ways and Means Committee

9 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jul 19, 1994
Referred to the House Committee on Ways and Means.
Jul 19, 1994
Sponsor introductory remarks on measure. (CR E1501-1502)
Jul 19, 1994
Introduced in House
Jul 19, 1994
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jul 19, 1994 Formatted Text PDF

Related bills identified by Congress.gov

S 1829 · Small Investors Tax Relief Act of 1994

Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

Explore the bill from different angles

Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.

Neutral evidence review

Objective

Analyze H.R.4792 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.4792, 103rd Congress: Small Investors Tax Relief Act of 1994

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/4792

Text version to examine: Introduced in House · 1994-07-19.

Official full text: https://www.congress.gov/103/bills/hr4792/BILLS-103hr4792ih.htm

Imported record last updated by the source: 2025-08-26T13:51:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.4792 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.4792 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.4792, 103rd Congress: Small Investors Tax Relief Act of 1994

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/4792

Text version to examine: Introduced in House · 1994-07-19.

Official full text: https://www.congress.gov/103/bills/hr4792/BILLS-103hr4792ih.htm

Imported record last updated by the source: 2025-08-26T13:51:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4792 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.4792 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.4792, 103rd Congress: Small Investors Tax Relief Act of 1994

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/4792

Text version to examine: Introduced in House · 1994-07-19.

Official full text: https://www.congress.gov/103/bills/hr4792/BILLS-103hr4792ih.htm

Imported record last updated by the source: 2025-08-26T13:51:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4792 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.4792 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.4792, 103rd Congress: Small Investors Tax Relief Act of 1994

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/4792

Text version to examine: Introduced in House · 1994-07-19.

Official full text: https://www.congress.gov/103/bills/hr4792/BILLS-103hr4792ih.htm

Imported record last updated by the source: 2025-08-26T13:51:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4792 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.