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United States · Bill · HR

H.R. 4603 (108th)

Eminent Domain Relief for the Little Guy Act

openUnited States· United States Congress· EN

Introduced

17 June 2004

Last action

Status

Sponsor introductory remarks on measure. (CR E1152-1153)

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Source updated

18 August 2025

Summary

Eminent Domain Relief for the Little Guy Act - Amends the Internal Revenue Code to allow the nonrecognition of gain from the involuntary conversion (by eminent domain) of property held by individuals, corporations, or partnerships with gross receipts of $5 million or less. Exempts such taxpayers from certain tax rules for involuntary conversions, including the requirement that the condemned property be converted into similar property within a specified two-year period.

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3 official files

Introduced in House (text)

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