United States · Bill · HR
H.R. 3224 (100th)
A bill to amend the Internal Revenue Code of 1986 to provide that the passive loss limitation shall not apply to deductions allowable for cash out-of-pocket expenses for taxes, interest, and trade or business expenses in connection with rental real estate activities in which the taxpayer actively or materially participates.
Introduced
7 August 1987
Last action
7 August 1987 · Introduced
Status
Referred to House Committee on Ways and Means.
Sponsors
Rep. Pickle, J. J. [D-TX-10], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Matsui, Robert T. [D-CA-5], Rep. Archer, Bill [R-TX-7], Rep. Wolpe, Howard E. [D-MI-3], Rep. Andrews, Michael [D-TX-25], Rep. Daub, Hal [R-NE-2], Sen. Brown, Hank [R-CO], Rep. Ford, Harold E. [D-TN-9], Sen. Lott, Trent [R-MS], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Packard, Ron [R-CA-48], Rep. Buechner, Jack [R-MO-2], Rep. Barton, Joe [R-TX-6], Rep. Dowdy, Wayne [D-MS-4], Rep. Swindall, Patrick L. [R-GA-4]
Subjects
Taxation
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to exclude deductions for business expenses, interest on indebtedness, and taxes from calculations to determine the passive loss limitation in connection with rental real estate activity in which a noncorporate taxpayer actively or materially participates.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
7 August 1987
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
7 August 1987
Introduced
Introduced in House
Source: IntroReferral
7 August 1987
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
Leesvertaling
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Introduced in House
summary · EN · 7 August 1987
Sponsors
- Rep. Pickle, J. J. [D-TX-10] · D · Sponsor
- Rep. Jenkins, Edgar L. [D-GA-9] · D · Sponsor
- Rep. Matsui, Robert T. [D-CA-5] · D · Sponsor
- Rep. Archer, Bill [R-TX-7] · R · Sponsor
- Rep. Wolpe, Howard E. [D-MI-3] · D · Sponsor
- Rep. Andrews, Michael [D-TX-25] · D · Sponsor
- Rep. Daub, Hal [R-NE-2] · R · Sponsor
- Sen. Brown, Hank [R-CO] · R · Sponsor
- Rep. Ford, Harold E. [D-TN-9] · D · Sponsor
- Sen. Lott, Trent [R-MS] · R · Cosponsor
- Rep. Montgomery, G. V. (Sonny) [D-MS-3] · D · Cosponsor
- Rep. Packard, Ron [R-CA-48] · R · Cosponsor
- Rep. Buechner, Jack [R-MO-2] · R · Cosponsor
- Rep. Barton, Joe [R-TX-6] · R · Cosponsor
- Rep. Dowdy, Wayne [D-MS-4] · D · Cosponsor
- Rep. Swindall, Patrick L. [R-GA-4] · R · Cosponsor
- · hswm00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/100th-congress/house-bill/3224
- Open data entity: https://api.congress.gov/v3/bill/100/hr/3224
- us · 100-hr-3224 · source updated 7 February 2024