To amend the Internal Revenue Code of 1986 with respect to treatment of certain bargain sales of real property.

Summary

Amends the Internal Revenue Code to require taking into account, for purposes of determining gain, the entire adjusted basis of property sold to a tax-exempt charitable organization as conservation property. Provides for determining the fair market value of restrictions on such property for purposes of determining the allowable deduction.

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

Timeline

1. 26 March 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 26 March 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 March 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 · 26 March 1992

  Open at official source

Sponsors

• Rep. Zimmer, Dick [R-NJ-12] · R · Sponsor
• · hswm00 · Standing

Related records

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