To amend the Internal Revenue Code of 1986 to expand and extend the ability of certain exempt organizations to avoid recognizing a gain on the sale of property used directly in the performance of an exempt function.

Summary

Amends the Internal Revenue Code to revise provisions concerning the nonrecognition of gain from the sale of property by exempt organizations, including allowing an organization up to ten years (currently, three years) to purchase other property used directly in the performance of an exempt function.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 April 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 April 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 April 2001

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.