A bill to amend the Internal Revenue Code of 1954 to exclude from gross income amounts received from certain sales of wetlands to the United States, any State, or certain tax-exempt organizations, if the primary use of such land after the sale if for purposes of fish and wildlife conservation or preservation as a natural area.

Introduced

5 October 1981

Last action

5 October 1981 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Holt, Marjorie S. [R-MD-4], Rep. Erdahl, Arlen [R-MN-1], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Livingston, Bob [R-LA-1], Rep. Dannemeyer, William E. [R-CA-39], Rep. Burgener, Clair W. [R-CA-43], Rep. Hughes, William J. [D-NJ-2], Sen. Mikulski, Barbara A. [D-MD], Rep. Fish, Hamilton, Jr. [R-NY-25], Rep. Fazio, Vic [D-CA-4], Rep. Jeffords, James M. [R-VT-At Large], Rep. Richmond, Frederick W. [D-NY-14], Rep. Pashayan, Charles, Jr. [R-CA-17], Rep. Downey, Thomas J. [D-NY-2], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Walker, Robert S. [R-PA-16], Rep. Panetta, Leon [D-CA-16], Rep. Horton, Frank J. [R-NY-34], Rep. Edwards, Don [D-CA-10], Rep. Vento, Bruce F. [D-MN-4], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Long, Clarence D. [D-MD-2], Rep. Martin, James G. [R-NC-9], Rep. Lowery, Bill [R-CA-41], Rep. Jones, Walter B. [D-NC-1], Rep. Dornan, Robert K. [R-CA-38], Rep. Beilenson, Anthony C. [D-CA-23], Rep. Badham, Robert E. [R-CA-40], Rep. Shumway, Norman D. [R-CA-14], Rep. Weaver, James H. [D-OR-4], Rep. Matsui, Robert T. [D-CA-3], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Clinger, William F., Jr. [R-PA-23], Rep. Williams, Pat [D-MT-1], Rep. Coyne, James K. [R-PA-8], Rep. Neal, Stephen L. [D-NC-5], Rep. Edwards, Jack [R-AL-1], Rep. Patterson, Jerry M. [D-CA-38], Rep. Miller, George [D-CA-7], Rep. Anderson, Glenn M. [D-CA-32], Rep. Evans, Cooper [R-IA-3], Rep. Courter, Jim [R-NJ-12]

Subjects

Taxation

Source updated

7 February 2024