A bill relating to the treatment of certain rentals of farm and business real property for purposes of section 2032a of the Internal Revenue Code of 1954.

Summary

Allows the special use valuation of farms and business real property for estate tax purposes for real property which is put to any use by a qualified heir pursuant to a rental by such heir. Revises rules for the revocation of an election to use such valuation.

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

Timeline

1. 17 March 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 17 March 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 March 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 August 1981

   Committee

   See H.R.4242.

   Source: Committee

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 · 17 March 1981

  Open at official source

Sponsors

• Rep. Corcoran, Tom [R-IL-14] · R · Sponsor
• Rep. Michel, Robert H. [R-IL-18] · R · Sponsor
• Rep. Madigan, Edward R. [R-IL-15] · R · Sponsor
• Rep. Railsback, Thomas F. [R-IL-19] · R · Cosponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Economic Recovery Tax Act of 1981