To amend the Internal Revenue Code of 1986 to provide that the provision enacted as part of the Energy Policy Act of 1992 requiring the recognition of precontribution gain in the case of certain partnership distributions to a contributing partner shall be fully prospective, and for other purposes.

Summary

Amends the Energy Policy Act of 1992 to make prospective the rules on recognition of precontribution gain in the case of certain distributions to a contributing partner. Amends the Internal Revenue Code to provide that such gain be subject to tax without netting or precondition losses. Imposes an interest charge on any deferred tax liability.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 January 1993

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.