A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.

openUnited States· United States Congress· EN

Introduced

20 October 1983

Last action

—

Status

Subcommittee Hearings Held.

Summary

Amends the Internal Revenue Code to allow individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in domestic oil and gas properties without incurring unrelated business taxable income.

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Documents

1 official file

Introduced in House
summary · EN · 20 October 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/4167
Open data entity: https://api.congress.gov/v3/bill/98/hr/4167