A bill to amend the Internal Revenue Code of 1954 to deny tax exemption to any otherwise tax-exempt organization which invests in farm real property.

Summary

Amends the Internal Revenue Code to deny tax-exempt status to certain organizations if such organizations hold farm real property purchased after the date of enactment of this Act and the holding of such property is not substantially related to the charitable or educational purpose which would otherwise make the organizations tax-exempt.

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

Timeline

1. 12 May 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 12 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 12 May 1977

  Open at official source

Sponsors

• Sen. Abdnor, James [R-SD] · R · Sponsor
• Rep. Badillo, Herman [D-NY-21] · D · Cosponsor
• Sen. Baucus, Max [D-MT] · D · Cosponsor
• Rep. Cornwell, David L. [D-IN-8] · D · Cosponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Sen. Jeffords, James M. [I-VT] · I · Cosponsor
• Rep. Kemp, Jack [R-NY-31] · R · Cosponsor
• Rep. Montgomery, G. V. (Sonny) [D-MS-3] · D · Cosponsor
• Rep. Panetta, Leon [D-CA-16] · D · Cosponsor
• Rep. Skubitz, Joe [R-KS-5] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to deny tax exemption to any otherwise tax-exempt organization which invests in farm real property.