A bill to amend the Internal Revenue Code of 1986 to provide that no gain shall be recognized on the involuntary conversion of property without regard to whether the property is converted into property similar or related in service or use to the property converted.

referredUnited States· United States Congress· EN

Introduced

4 June 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide for the nonrecognition of gain on all involuntary conversions, regardless of whether the affected property is converted into property similar or related in service or use.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 4 June 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/2608
Open data entity: https://api.congress.gov/v3/bill/100/hr/2608