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United States · Bill · HR

H.R. 6172 (98th)

A bill to amend the Internal Revenue Code of 1954 to clarify the application of the imputed interest and interest accrual rules in the case of sales of residences, farms, and real property held for trade, business or investment purposes.

referredUnited States· United States Congress· EN

Introduced

10 August 1984

Last action

10 August 1984 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Matsui, Robert T. [D-CA-5], Rep. Pickle, J. J. [D-TX-10], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Ford, Harold E. [D-TN-9], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Gephardt, Richard A. [D-MO-3], Rep. Heftel, Cecil [D-HI-1], Sen. Fowler, Wyche, Jr. [D-GA], Rep. Hance, Kent R. [D-TX-19], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Flippo, Ronnie G. [D-AL-5], Sen. Dorgan, Byron L. [D-ND], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Duncan, John J. [R-TN-2], Rep. Vander Jagt, Guy [R-MI-9], Rep. Martin, James G. [R-NC-9], Rep. Campbell, Carroll A., Jr. [R-SC-4], Sen. Harkin, Tom [D-IA], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Dyson, Roy [D-MD-1], Rep. Andrews, Ike [D-NC-4], Rep. Boner, William H. [D-TN-5], Rep. Burton, Dan [R-IN-5], Rep. English, Glenn [D-OK-6], Rep. Bosco, Douglas H. [D-CA-1], Rep. Evans, Cooper [R-IA-3], Rep. Dixon, Julian C. [D-CA-32], Rep. Luken, Thomas A. [D-OH-1], Rep. Lujan, Manuel, Jr. [R-NM-1], Rep. Nichols, Bill [D-AL-3], Rep. Stump, Bob [R-AZ-3], Rep. Bedell, Berkley W. [D-IA-6], Rep. Levitas, Elliott H. [D-GA-4], Rep. Kaptur, Marcy [D-OH-9], Sen. Reid, Harry [D-NV], Rep. Sabo, Martin Olav [D-MN-5], Rep. Mica, Daniel Andrew [D-FL-14], Rep. Boucher, Rick [D-VA-9], Rep. Penny, Timothy J. [D-MN-1], Rep. Coleman, Ronald D. [D-TX-16], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Dreier, David [R-CA-26], Rep. Broyhill, James T. [R-NC-10], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Edwards, Don [D-CA-10], Rep. Lehman, Richard H. [D-CA-19], Rep. Gray, William H., III [D-PA-2], Rep. Lloyd, Marilyn [D-TN-3]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Summary

Amends the Internal Revenue Code to exempt from the application of imputed interest rules: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,000,000 of the sale price of farm property; and (3) the first $500,000 of the sale price of business, trade, or investment property.

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

Timeline

  1. 10 August 1984

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 10 August 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 August 1984

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Related records

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Sources

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