A bill to prevent retroactive recharacterization for tax purposes of certain binding lease contracts that include a terminal rental adjustment clause.

referredUnited States· United States Congress· EN

Introduced

12 May 1982

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Requires that, unless otherwise provided by law or by Treasury regulations, a lessor of motor vehicles (including trailers) be permitted to continue to treat such property as depreciable property without regard to the presence in a lease of a terminal adjustment clause.

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Documents

1 official file

Introduced in House
summary · EN · 12 May 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/6358
Open data entity: https://api.congress.gov/v3/bill/97/hr/6358