Surplus School Conversion Act

Summary

Surplus School Conversion Act - Entitles taxpayers, under the Internal Revenue Code, to elect to take a deduction with respect to the amortization of any qualified school or hospital property based on a period of 180 months. Defines qualified school or hospital property to mean any building or other structure which is acquired by the taxpayer from a tax-exempt organization which used such structure to provide facilities for an educational institution or an institution which provided medical or custodial care. Makes technical and conforming amendments.

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Timeline

1. 1 April 1976

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 1 April 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 April 1976

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 April 1976

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Rep. Hechler, Ken [D-WV-4] · D · Cosponsor
• Rep. Downey, Thomas J. [D-NY-2] · D · Cosponsor
• Rep. Spellman, Gladys Noon [D-MD-5] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Surplus School Conversion Act