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.

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

Timeline

1. 30 August 1976

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 August 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 August 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 · 30 August 1976

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Rep. Lehman, William [D-FL-17] · D · Cosponsor
• Rep. Yatron, Gus [D-PA-6] · D · Cosponsor
• Rep. Sarasin, Ronald A. [R-CT-5] · R · Cosponsor
• Rep. Howe, Allan [D-UT-2] · D · Cosponsor
• Rep. Abzug, Bella S. [D-NY-20] · D · Cosponsor
• Rep. St Germain, Fernand J. [D-RI-1] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Surplus School Conversion Act