A bill to amend section 101 (1) (2) of the Tax Reform Act of 1969.

Summary

Provides, under the Tax Reform Act, that specified taxes on self-dealing shall not apply to the sale, exchange, or other disposition (other than by lease) of property owned by a private foundation to a disqualified person if: (1) such foundation is leasing substantially all of such property; (2) the disposition of such disqualified person occurs before January 1, 1975; and (3) such foundation receives an amount which equals or exceeds the fair market value of such property. (Amends 26 U.S.C. 4940 nts.)

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

Timeline

1. 29 March 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 29 March 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 March 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 29 March 1973

  Open at official source

Sponsors

• Rep. Karth, Joseph E. [D-MN-4] · D · Sponsor
• · hswm00 · Standing

Related records

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