To amend the Internal Revenue Code of 1986 to apply the special valuation rules to grantor retained interests involving residential property other than a principal residence.

Summary

Amends the Internal Revenue Code to provide that special valuation rules in the case of transfers of interests in trusts do not apply to principal residences. (Current law refers to personal residences. This change would apply such rules to personal residences other than a principal residence.)

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

Timeline

1. 25 February 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 February 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 February 1992

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 February 1992

  Open at official source

Sponsors

• Rep. Moody, Jim [D-WI-5] · D · Sponsor
• · hswm00 · Standing

Related records

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