United States · Bill · HR
H.R. 10304 (93rd)
A bill to amend the Internal Revenue Code of 1954 to clarify and confirm the application of section 72 and the nonapplication of section 1282 to face-amount certificates.
Introduced
17 September 1973
Last action
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Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Allows an income tax exclusion under the Internal Revenue Code for face-amount certificates. Disallows the capital gains and loss treatment of such face-amount certificates.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 17 September 1973
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/house-bill/10304
- Open data entity: https://api.congress.gov/v3/bill/93/hr/10304