To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions.

Summary

Amends the Internal Revenue Code to provide special rules with respect to the nonrecognition of gain for principal residences compulsorily or involuntarily converted as a result of a presidentially-declared disaster. Requires the nonrecognition of gain of insurance proceeds for the contents of such residences. Allows insurance proceeds from personal property and real property to be lumped together into one common fund. Extends the time to replace a principal residence from two years to four years.

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

Timeline

1. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

2. 5 January 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 August 1993

   Committee

   See H.R.2264.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 January 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 5 January 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Rep. Dellums, Ronald V. [D-CA-9] · D · Sponsor
• Rep. Mineta, Norman Y. [D-CA-15] · D · Sponsor
• Rep. Mink, Patsy T. [D-HI-2] · D · Sponsor
• Rep. Ackerman, Gary L. [D-NY-5] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Sponsor
• Rep. Manton, Thomas J. [D-NY-7] · D · Sponsor
• Rep. Miller, George [D-CA-11] · D · Cosponsor
• Sen. Sanders, Bernard [I-VT] · I · Cosponsor
• Del. Underwood, Robert A. [D-GU-At Large] · D · Cosponsor
• Rep. Edwards, Don [D-CA-10] · D · Cosponsor
• Rep. Gutierrez, Luis V. [D-IL-4] · D · Cosponsor
• Rep. Studds, Gerry E. [D-MA-10] · D · Cosponsor
• Sen. Schumer, Charles E. [D-NY] · D · Cosponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
• Rep. Martinez, Matthew G. [D-CA-31] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• Rep. Meek, Carrie P. [D-FL-17] · D · Cosponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Cosponsor
• Rep. Pelosi, Nancy [D-CA-11] · D · Cosponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Cosponsor
• Rep. Wheat, Alan [D-MO-5] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Omnibus Budget Reconciliation Act of 1993